Auxiliary plant for use with boilers of heading no. 8402 or 8403; e.g. economisers, super-heaters, soot removers, gas recoverers), condensers for steam or other vapour power units

8404 (Harmonized System 1992 for 4-digit)

About

Overview This page contains the latest trade data of Boiler Plants. In 2022, Boiler Plants were the world's 856th most traded product, with a total trade of $1.48B. Between 2021 and 2022 the exports of Boiler Plants decreased by -7.88%, from $1.6B to $1.48B. Trade in Boiler Plants represent 0.0062% of total world trade.

Boiler Plants are a part of Machinery, mechanical appliances, & parts. They include Auxiliary plant for steam/vapour generating boilers, Steam, vapour generating boiler auxiliary plant parts, and Condensers for steam or vapour power units.

Exports In 2022 the top exporters of Boiler Plants  were China ($463M), South Korea ($110M), Japan ($102M), Italy ($84.8M), and United States ($74.2M).

Imports In 2022 the top importers of Boiler Plants were Indonesia ($243M), United States ($109M), Japan ($73.5M), Germany ($71.8M), and Philippines ($57.8M).

Ranking Boiler Plants ranks 104th in the Product Complexity Index (PCI).

Description An auxiliary plant is a piece of equipment that is used to help make steam or other vapour power units. Auxiliary plants are usually used in the production of boilers, condensers, and superheaters.

Latest Data

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The following visualization shows the latest trends on Boiler Plants. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)China$463M
Top Destination (2022)Indonesia$243M

In 2022 Boiler Plants were the world's 856th most traded product (out of 1,218).

In 2022, the top exporters of Boiler Plants were China ($463M), South Korea ($110M), Japan ($102M), Italy ($84.8M), and United States ($74.2M).

In 2022, the top importers of Boiler Plants were Indonesia ($243M), United States ($109M), Japan ($73.5M), Germany ($71.8M), and Philippines ($57.8M).

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Exporters of Boiler Plants (2022)
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Importers of Boiler Plants (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)South Korea$21.2M
Top Destination Growth (2021 -  2022)Indonesia$71.5M

Between 2021 and 2022, the exports of Boiler Plants grew the fastest in South Korea ($21.2M), Canada ($11.3M), Lithuania ($6.45M), Estonia ($6.09M), and Switzerland ($5.86M).

Between 2021 and 2022, the fastest growing importers of Boiler Plants were Indonesia ($71.5M), Finland ($17.1M), Brazil ($13.1M), Thailand ($10.1M), and United States ($9.97M).

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Exporters of Boiler Plants (2021 - 2022)

Importers of Boiler Plants (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Boiler Plants.

In 2022, market concentration measured using Shannon Entropy, was 4.17. This means that most of the exports of Boiler Plants are explained by 18 countries.

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Value of Exports in Boiler Plants

Net Trade

TOP NET EXPORTER (2022)China$447M
TOP NET IMPORTER (2022)Indonesia$240M

This map shows which countries export or import more of Boiler Plants. Each country is colored based on the difference in exports and imports of Boiler Plants during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Boiler Plants were China ($447M), South Korea ($94.1M), Italy ($59.4M), India ($43.8M), and Japan ($28.8M).

In 2022, the countries that had a largest trade value in imports than in exports of Boiler Plants were Indonesia ($240M), Philippines ($55.8M), Bangladesh ($53.8M), Vietnam ($43.6M), and United States ($35M).

Net Trade (2022)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Boiler Plants.
It is possible to select the main countries that export or import Boiler Plants in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Boiler Plants by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $7.55M
TOP IMPORT POTENTIALSouth Korea+ $1.31M

Boiler Plants’s highest export potential is United States. With an export gap of $7.55M.  Boiler Plants’s highest import potential is South Korea with an import gap of $1.31M.

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Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2022)

Country by Relatedness

The following visualization shows the relatedness of Boiler Plants to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2022)

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