Steam Turbines in China 2021 Exports | Imports : $737M | $133M, World Rnk 1 / 126 Rnk 470 / 1215 | World Rnk 10 / 187 Rnk 609 / 1214
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $90.8M | $4.12M, Turkey | United States
2021 ECONOMIC COMPLEXITY of China: 1.07, Rnk 25 / 131
2021 PRODUCT COMPLEXITY IN Steam Turbines: 0.66, Rnk 295 / 1029
Exports In 2021, China exported $737M in Steam Turbines, making it the 1st largest exporter of Steam Turbines in the world. At the same year, Steam Turbines was the 470th most exported product in China. The main destination of Steam Turbines exports from China are: Turkey ($147M), Indonesia ($145M), Pakistan ($89.9M), Bangladesh ($64.2M), and India ($38.3M).
The fastest growing export markets for Steam Turbines of China between 2020 and 2021 were Turkey ($90.8M), Bangladesh ($62.4M), and Cambodia ($21.4M).
Imports In 2021, China imported $133M in Steam Turbines, becoming the 10th largest importer of Steam Turbines in the world. At the same year, Steam Turbines was the 609th most imported product in China. China imports Steam Turbines primarily from: Japan ($41.4M), Germany ($38.6M), United States ($11.9M), South Korea ($9.34M), and Czechia ($6.2M).
The fastest growing import markets in Steam Turbines for China between 2020 and 2021 were United States ($4.12M), Hong Kong ($4.11M), and Malaysia ($2.48M).
Tariffs In 2018, the average tariff for China in Steam Turbines was 3.63%. The countries with the highest import tariffs for Steam Turbines were Burkina Faso (Most Favoured Nation duty rate treatment, 4.67%), Botswana (Most Favoured Nation duty rate treatment, 4.67%), Cote d'Ivoire (Most Favoured Nation duty rate treatment, 4.67%), Cameroon (Most Favoured Nation duty rate treatment, 4.67%), and Democratic Republic of the Congo (Most Favoured Nation duty rate treatment, 4.67%).
March 2023
Overview In March 2023 China's Steam Turbines exports accounted up to $42.3M and imports accounted up to $10.5M, resulting in a positive trade balance of $31.8M. Between March 2022 and March 2023 the exports of China's Steam Turbines have increased by $6.06M (16.7%) from $36.3M to $42.3M, while imports decreased by $-19.6M (-65.1%) from $30.1M to $10.5M.
Destinations In March 2023, Steam Turbines were exported mostly to Indonesia ($16.9M), Japan ($6.71M), India ($3.88M), Vietnam ($2.93M), and Germany ($2.07M), and were imported mostly from Italy ($4.13M), Germany ($3.85M), France ($877k), Japan ($538k), and Poland ($415k).
Growth In March 2023, the increase in Steam Turbines's year-by-year exports was explained primarily by an increase in exports to Indonesia ($5.2M or 101%), Japan ($4.04M or 230%), and Malaysia ($2.22M or 998%). In March 2023, the decrease in Steam Turbines's year-by-year imports was explained primarily by a decrease in imports from Germany ($-1.44M or -25.1%), China ($-171k or -98.7%), and United Kingdom ($-34.4k or -59.7%).
EXPORT GROWTH (March 2022 - March 2023): $6.06M, (16.7%)
IMPORT GROWTH (March 2022 - March 2023): $-19.6M, (-65.1%)
MAIN EXPORTER (March 2023): Zhejiang Province, $12.7M
MAIN DESTINATION (March 2023): Indonesia, $16.9M
This section shows Steam Turbines's exports and imports data at subnational level for China. 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 Steam Turbines over time.
For full datasets download visit Bulk Download page.
EXPORTS (2021): $737M
IMPORTS (2021): $133M
NET TRADE (2021): $604M
In 2021, China exported $737M in Steam Turbines. The main destinations of China exports on Steam Turbines were Turkey ($147M), Indonesia ($145M), Pakistan ($89.9M), Bangladesh ($64.2M), and India ($38.3M).
In 2021, China imported $133M in Steam Turbines, mainly from Japan ($41.4M), Germany ($38.6M), United States ($11.9M), South Korea ($9.34M), and Czechia ($6.2M).
THE FASTEST GROWING Steam Turbines EXPORT MARKETS FOR China WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steam Turbines BY China WERE (2020 - 2021):
In 2021, China's main importing competitors in Steam Turbines were:
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