2022
Exports
$835MWorld Rnk 23 / 192
Flag Rnk 12 / 1170
2022
PRODUCT COMPLEXITY IN Gas Turbines
0.71Rnk 270 / 1025
2022
Imports
$954MWorld Rnk 30 / 207
Flag Rnk 12 / 1200
2022
ECONOMIC COMPLEXITY of Israel
1.23Rnk 20 / 133

About

Exports In 2022, Israel exported $835M in Gas Turbines, making it the 23rd largest exporter of Gas Turbines in the world. At the same year, Gas Turbines was the 12th most exported product in Israel. The main destination of Gas Turbines exports from Israel are: United States ($220M), Poland ($73.7M), China ($73.3M), Singapore ($71.9M), and Hong Kong ($65.3M).

The fastest growing export markets for Gas Turbines of Israel between 2021 and 2022 were China ($64.7M), Singapore ($32.7M), and United States ($25.6M).

Imports In 2022, Israel imported $954M in Gas Turbines, becoming the 30th largest importer of Gas Turbines in the world. At the same year, Gas Turbines was the 12th most imported product in Israel. Israel imports Gas Turbines primarily from: United Kingdom ($321M), United States ($218M), Germany ($93.1M), Singapore ($73.9M), and France ($69.5M).

The fastest growing import markets in Gas Turbines for Israel between 2021 and 2022 were United Kingdom ($125M), Singapore ($58.8M), and United States ($31.6M).

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Gas Turbines. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$835M
IMPORTS (2022)$954M
NET TRADE (2022)-$119M

In 2022, Israel exported $835M in Gas Turbines. The main destinations of Israel exports on Gas Turbines were United States ($220M), Poland ($73.7M), China ($73.3M), Singapore ($71.9M), and Hong Kong ($65.3M).

In 2022, Israel imported $954M in Gas Turbines, mainly from United Kingdom ($321M), United States ($218M), Germany ($93.1M), Singapore ($73.9M), and France ($69.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gas Turbines EXPORT MARKETS FOR Israel WERE (2021 - 2022):
China$64.7M (753%)
Singapore$32.7M (83.6%)
United States$25.6M (13.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gas Turbines BY Israel WERE (2021 - 2022):
Hong Kong-$103M (-61.1%)
Belgium-$30.4M (-76.1%)
Japan-$10.9M (-30.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Israel' main exporting competitors in Gas Turbines were:
In 2022, Israel' main importing competitors in Gas Turbines were:

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Trade Value of Gas Turbines by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $76.9M
TOP IMPORT POTENTIALUnited States+ $28.8M

Gas Turbines’s highest export potential is United States. With an export gap of $76.9M.   Gas Turbines’s highest import potential is United States with an import gap of $28.8M.

See methodology.

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