HS Icon Gas Turbines in  Flag United States

2020
Exports | Imports
: $27.3B | $23.8B, World Rnk 1 / 187
Flag Rnk 9 / 1217 | World Rnk 1 / 203
Flag Rnk 15 / 1214

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $2.38B | $241M, United Kingdom |  Hong Kong


ECONOMIC COMPLEXITY of United States
: 1.56, Rnk 9 / 127


PRODUCT COMPLEXITY  IN Gas Turbines
: 0.51, Rnk 358 / 1028

Exports In 2020, United States exported $27.3B in Gas Turbines, making it the 1st largest exporter of Gas Turbines in the world. At the same year, Gas Turbines was the 9th most exported product in United States. The main destination of Gas Turbines exports from United States are: United Kingdom ($3.25B), Singapore ($2.59B), Germany ($2.52B), Japan ($2.31B), and France ($2.15B).

The fastest growing export markets for Gas Turbines of United States between 2019 and 2020 were United Kingdom ($2.38B), Singapore ($1.27B), and France ($1.04B).

Imports In 2020, United States imported $23.8B in Gas Turbines, becoming the 1st largest importer of Gas Turbines in the world. At the same year, Gas Turbines was the 15th most imported product in United States. United States imports Gas Turbines primarily from: France ($3.46B), United Kingdom ($2.98B), Canada ($2.95B), Singapore ($2.02B), and Germany ($1.83B).

The fastest growing import markets in Gas Turbines for United States between 2019 and 2020 were Hong Kong ($241M), South Korea ($90.1M), and Latvia ($57.3M).

Tariffs In 2019, the average tariff for United States in Gas Turbines was 0.33%. The countries with the highest import tariffs for Gas Turbines were Burundi (Most Favoured Nation duty rate treatement, 0.46%), Democratic Republic of the Congo (Most Favoured Nation duty rate treatement, 0.46%), Algeria (Most Favoured Nation duty rate treatement, 0.46%), Egypt (Most Favoured Nation duty rate treatement, 0.46%), and Eritrea (Most Favoured Nation duty rate treatement, 0.46%).

May 2022

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (May 2021 - May 2022): $151M, (22.3%)

IMPORT GROWTH (May 2021 - May 2022): $366M, (22%)

MAIN EXPORTER (May 2022): Texas, $195M

MAIN DESTINATION (May 2022): Mexico, $89.4M

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

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EXPORTS (2020): $27.3B

IMPORTS (2020): $23.8B

NET TRADE (2020): $3.42B

In 2020, United States exported $27.3B in Gas Turbines. The main destinations of United States exports on Gas Turbines were United Kingdom ($3.25B), Singapore ($2.59B), Germany ($2.52B), Japan ($2.31B), and France ($2.15B).

In 2020, United States imported $23.8B in Gas Turbines, mainly from France ($3.46B), United Kingdom ($2.98B), Canada ($2.95B), Singapore ($2.02B), and Germany ($1.83B).

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IN 2020, United States HAD A POSITIVE NET TRADE IN Gas Turbines WITH:

IN 2020, United States HAD A NEGATIVE NET TRADE IN Gas Turbines WITH:

Flow

THE FASTEST GROWING Gas Turbines EXPORT MARKETS FOR United States WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gas Turbines BY United States WERE (2019 - 2020):

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Market Concentration

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In 2019, United States's main exporting competitors in Gas Turbines were:

In 2019, United States's main importing competitors in Gas Turbines were:

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