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2023
Exports $69.3BWorld Rnk 1 / 199
Flag Rnk 4 / 1217
2023
Destination $1.37B Germany
2022 - 2023
FASTEST GROWING MARKET $1.37BIndia
2023
PRODUCT COMPLEXITY IN Gas Turbines0.7Rnk 283 / 1025
2023
Imports $29.8BWorld Rnk 1 / 210
Flag Rnk 13 / 1215
2023
Origin $1.53B Canada
2022 - 2023
FASTEST GROWING ORIGIN $1.53BCanada
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $69.3B in Gas Turbines, making it the 1st largest exporter of Gas Turbines in the world. At the same year, Gas Turbines was the 4th most exported product in United States. The main destination of Gas Turbines exports from United States are: Germany ($7.54B), France ($7.5B), United Kingdom ($5.32B), Japan ($4.87B), and Brazil ($4.66B).

The fastest growing export markets for Gas Turbines of United States between 2022 and 2023 were India ($1.37B), Japan ($1.03B), and China ($956M).

Imports In 2023, United States imported $29.8B in Gas Turbines, becoming the 1st largest importer of Gas Turbines in the world. At the same year, Gas Turbines was the 13th most imported product in United States. United States imports Gas Turbines primarily from: Canada ($6.08B), France ($4.75B), United Kingdom ($3.89B), Mexico ($2.46B), and Germany ($2.15B).

The fastest growing import markets in Gas Turbines for United States between 2022 and 2023 were Canada ($1.53B), United Kingdom ($967M), and Mexico ($551M).

COMPANIES In 2023, leading companies such as BOEING (64), Schaeffler Group (51), and GE RENEWABLES NORTH AMERICA LLC (31) were at the forefront of shipping Gas Turbines to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Gas Turbines exports accounted up to $1.32B and imports accounted up to $2.52B, resulting in a negative trade balance of $1.19B. Between November 2023 and November 2024 the exports of United States'   Gas Turbines have increased by $429M (48%) from $894M to $1.32B, while imports decreased by $-22.7M (-0.9%) from $2.54B to $2.52B.

Destinations In November 2024, Gas Turbines were exported mostly to Mexico ($128M), United Kingdom ($121M), Saudi Arabia ($78.9M), Canada ($71M), and Colombia ($61.1M), and were imported mostly from Canada ($457M), France ($408M), United Kingdom ($397M), Germany ($260M), and Japan ($195M).

Growth In November 2024, the increase in Gas Turbines's year-by-year exports was explained primarily by an increase in exports to Mexico ($58.3M or 64.9%), Saudi Arabia ($29.6M or 179%), and Belgium ($24M or 681%). In November 2024, the decrease in Gas Turbines's year-by-year imports was explained primarily by a decrease in imports from Turkey ($-17.9M or -39.5%), Brazil ($-3.3M or -87.1%), and Chinese Taipei ($-2.27M or -11.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$429M(48%)
IMPORT GROWTH (November 2023 - November 2024)$-22.7M(-0.9%)
MAIN EXPORTER (November 2024)Georgia$337M
MAIN DESTINATION (November 2024)Mexico$128M

This section shows Gas Turbines's exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Gas Turbines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$69.3B
IMPORTS (2023)$29.8B
NET TRADE (2023)$39.5B

In 2023, United States exported $69.3B in Gas Turbines. The main destinations of United States exports on Gas Turbines were Germany ($7.54B), France ($7.5B), United Kingdom ($5.32B), Japan ($4.87B), and Brazil ($4.66B).

In 2023, United States imported $29.8B in Gas Turbines, mainly from Canada ($6.08B), France ($4.75B), United Kingdom ($3.89B), Mexico ($2.46B), and Germany ($2.15B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Gas Turbines EXPORT MARKETS FOR United States WERE (2022 - 2023):
India$1.37B (135%)
Japan$1.03B (26.8%)
China$956M (33.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gas Turbines BY United States WERE (2022 - 2023):
South Korea-$636M (-60.2%)
Ireland-$88.9M (-8.13%)
Peru-$83.6M (-66.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Gas Turbines were:
United Kingdom $29.1B
France $19.2B
In 2023, United States's main importing competitors in Gas Turbines were:
Hong Kong $16.5B
Germany $14.4B

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Trade Value of Gas Turbines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $476M
TOP IMPORT POTENTIALCanada+ $964M

Gas Turbines’s highest export potential is Canada. With an export gap of $476M.   Gas Turbines’s highest import potential is Canada with an import gap of $964M.

See methodology.

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