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2023
Exports $269MWorld Rnk 4 / 125
Flag Rnk 510 / 1217
2023
Destination $7.92M United Kingdom
2022 - 2023
FASTEST GROWING MARKET $7.92MTrinidad and Tobago
2023
PRODUCT COMPLEXITY IN Steam Turbines0.32Rnk 453 / 1025
2023
Imports $222MWorld Rnk 3 / 186
Flag Rnk 715 / 1215
2023
Origin $15.7M Japan
2022 - 2023
FASTEST GROWING ORIGIN $15.7MGermany
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $269M in Steam Turbines, making it the 4th largest exporter of Steam Turbines in the world. At the same year, Steam Turbines was the 510th most exported product in United States. The main destination of Steam Turbines exports from United States are: United Kingdom ($72.6M), Canada ($37.9M), Saudi Arabia ($18.3M), Singapore ($10.8M), and Trinidad and Tobago ($10.3M).

The fastest growing export markets for Steam Turbines of United States between 2022 and 2023 were Trinidad and Tobago ($7.92M), Italy ($5.67M), and Saudi Arabia ($4.99M).

Imports In 2023, United States imported $222M in Steam Turbines, becoming the 3rd largest importer of Steam Turbines in the world. At the same year, Steam Turbines was the 715th most imported product in United States. United States imports Steam Turbines primarily from: Japan ($46.3M), Germany ($35.8M), Canada ($16.9M), Poland ($15.3M), and Mexico ($13M).

The fastest growing import markets in Steam Turbines for United States between 2022 and 2023 were Germany ($15.7M), Canada ($9.48M), and Austria ($8.95M).

COMPANIES In 2023, leading companies such as Conair (123), Groupe SEB (119), and CrimsonLogic (25) were at the forefront of shipping Steam Turbines to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Steam Turbines exports accounted up to $41M and imports accounted up to $16M, resulting in a positive trade balance of $25M. Between November 2023 and November 2024 the exports of United States'   Steam Turbines have increased by $10.2M (33.2%) from $30.8M to $41M, while imports increased by $4.62M (40.6%) from $11.4M to $16M.

Destinations In November 2024, Steam Turbines were exported mostly to United Kingdom ($10.6M), China ($9.02M), Canada ($5.94M), Saudi Arabia ($4.57M), and United Arab Emirates ($2.64M), and were imported mostly from Italy ($3.57M), Japan ($3.09M), Canada ($2.36M), Germany ($879k), and Mexico ($849k).

Growth In November 2024, the increase in Steam Turbines's year-by-year exports was explained primarily by an increase in exports to United Kingdom ($1.57M or 26.9%), South Korea ($1.5M or 708%), and Turkey ($877k or 1.81k%). In November 2024, the increase in Steam Turbines's year-by-year imports was explained primarily by an increase in imports from Hungary ($3.07M or 4.5k%), Italy ($625k or 593%), and Sweden ($551k or 346%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$10.2M(33.2%)
IMPORT GROWTH (November 2023 - November 2024)$4.62M(40.6%)
MAIN EXPORTER (November 2024)Pennsylvania$22.1M
MAIN DESTINATION (November 2024)United Kingdom$10.6M

This section shows Steam 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 Steam Turbines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$269M
IMPORTS (2023)$222M
NET TRADE (2023)$46.3M

In 2023, United States exported $269M in Steam Turbines. The main destinations of United States exports on Steam Turbines were United Kingdom ($72.6M), Canada ($37.9M), Saudi Arabia ($18.3M), Singapore ($10.8M), and Trinidad and Tobago ($10.3M).

In 2023, United States imported $222M in Steam Turbines, mainly from Japan ($46.3M), Germany ($35.8M), Canada ($16.9M), Poland ($15.3M), and Mexico ($13M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Steam Turbines EXPORT MARKETS FOR United States WERE (2022 - 2023):
Trinidad and Tobago$7.92M (335%)
Italy$5.67M (183%)
Saudi Arabia$4.99M (37.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steam Turbines BY United States WERE (2022 - 2023):
Bangladesh-$22.4M (-98.6%)
Nigeria-$19.1M (-99.5%)
Indonesia-$12M (-70.4%)
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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 Steam Turbines were:
China $606M
Germany $559M
Japan $490M
In 2023, United States's main importing competitors in Steam Turbines were:
Indonesia $401M
Turkey $239M

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Trade Value of Steam Turbines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $5.24M
TOP IMPORT POTENTIALIndia+ $7.6M

Steam Turbines’s highest export potential is China. With an export gap of $5.24M.   Steam Turbines’s highest import potential is India with an import gap of $7.6M.

See methodology.

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