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Pricing

2022
Exports $122MWorld Rnk 10 / 122
Flag Rnk 361 / 1216
2022
Destination $22.9M Saudi Arabia
2021 - 2022
FASTEST GROWING MARKET $22.9MSaudi Arabia
2022
PRODUCT COMPLEXITY IN Steam Turbines0.39Rnk 412 / 1025
2022
Imports $183MWorld Rnk 5 / 191
Flag Rnk 462 / 1214
2022
Origin $30M United States
2021 - 2022
FASTEST GROWING ORIGIN $30MFrance
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $122M in Steam Turbines, making it the 10th largest exporter of Steam Turbines in the world. At the same year, Steam Turbines was the 361st most exported product in United Kingdom. The main destination of Steam Turbines exports from United Kingdom are: Saudi Arabia ($29.9M), Canada ($8.11M), United Kingdom ($5.75M), Czechia ($5.58M), and Libya ($5.56M).

The fastest growing export markets for Steam Turbines of United Kingdom between 2021 and 2022 were Saudi Arabia ($22.9M), Czechia ($5.22M), and Libya ($5.05M).

Imports In 2022, United Kingdom imported $183M in Steam Turbines, becoming the 5th largest importer of Steam Turbines in the world. At the same year, Steam Turbines was the 462nd most imported product in United Kingdom. United Kingdom imports Steam Turbines primarily from: United States ($75.7M), France ($31.3M), Netherlands ($20.6M), Germany ($14.1M), and Czechia ($13.5M).

The fastest growing import markets in Steam Turbines for United Kingdom between 2021 and 2022 were France ($30M), United States ($15.5M), and Netherlands ($12.8M).

COMPANIES In 2023, leading companies such as Amazon (3) were at the forefront of shipping Steam Turbines from United Kingdom to the United States.

Latest Trends

October 2024

About

Overview In October 2024 United Kingdom's Steam Turbines exports accounted up to £8.47M and imports accounted up to £11.9M, resulting in a negative trade balance of £3.45M. Between October 2023 and October 2024 the exports of United Kingdom's   Steam Turbines have decreased by £-2.79M (-24.8%) from £11.3M to £8.47M, while imports decreased by £-4.68M (-28.2%) from £16.6M to £11.9M.

Destinations In October 2024, Steam Turbines were exported mostly to Brazil (£2.29M), Hong Kong (£2.14M), Saudi Arabia (£753k), Malaysia (£713k), and Turkey (£419k), and were imported mostly from United States (£5.51M), France (£3.67M), Poland (£1.68M), Germany (£407k), and Czechia (£159k).

Growth In October 2024, the decrease in Steam Turbines's year-by-year exports was explained primarily by a decrease in exports to Belgium (£-3.49M or -99.6%), United States (£-3.35M or -99.8%), and South Africa (£-1.2M or -82.7%). In October 2024, the decrease in Steam Turbines's year-by-year imports was explained primarily by a decrease in imports from Italy (£-700k or -79.8%), India (£-162k or -98.2%), and Netherlands (£-142k or -49.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)£-2.79M(-24.8%)
IMPORT GROWTH (October 2023 - October 2024)£-4.68M(-28.2%)
MAIN EXPORTER (October 2024)Immingham£5.68M
MAIN DESTINATION (October 2024)Brazil£2.29M

This section shows Steam Turbines's exports and imports data at subnational level for United Kingdom. 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.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$122M
IMPORTS (2022)$183M
NET TRADE (2022)-$61.2M

In 2022, United Kingdom exported $122M in Steam Turbines. The main destinations of United Kingdom exports on Steam Turbines were Saudi Arabia ($29.9M), Canada ($8.11M), United Kingdom ($5.75M), Czechia ($5.58M), and Libya ($5.56M).

In 2022, United Kingdom imported $183M in Steam Turbines, mainly from United States ($75.7M), France ($31.3M), Netherlands ($20.6M), Germany ($14.1M), and Czechia ($13.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Steam Turbines EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Saudi Arabia$22.9M (324%)
Czechia$5.22M (1.45k%)
Libya$5.05M (999%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steam Turbines BY United Kingdom WERE (2021 - 2022):
United Arab Emirates-$4.11M (-77.9%)
South Africa-$3.4M (-46%)
Hungary-$2.13M (-90.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Steam Turbines were:
Japan $678M
Germany $516M
China $502M
In 2022, United Kingdom's main importing competitors in Steam Turbines were:
Indonesia $262M
United States $211M
Bangladesh $188M

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Trade Value of Steam Turbines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3M
TOP IMPORT POTENTIALGermany+ $6.23M

Steam Turbines’s highest export potential is United States. With an export gap of $3M.   Steam Turbines’s highest import potential is Germany with an import gap of $6.23M.

See methodology.

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