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841182 (Harmonized System 1992 for 6-digit)

2023
World Trade $6.23BRnk 582 / 4644
2023
Top Exporter | Top Importer $2.35B | $530MUnited States | United Kingdom
2023
Product Complexity -0.29Rnk 2954 / 4656
2022 - 2023
Export Growth (CAGR) 5.4%Rnk 1004 / 4644
2023
Share of World Trade 0.028%Rnk 582 / 4644

About

Overview This page contains the latest trade data of Gas turbine engines nes of a power > 5000 kW. In 2023, Gas turbine engines nes of a power > 5000 kW were the world's 582nd most traded product, with a total trade of $6.23B. Between 2022 and 2023 the exports of Gas turbine engines nes of a power > 5000 kW grew by 5.4%, from $5.91B to $6.23B. Trade in Gas turbine engines nes of a power > 5000 kW represent 0.028% of total world trade.

Gas turbine engines nes of a power > 5000 kW are a part of Gas Turbines.

Exports In 2023 the top exporters of Gas turbine engines nes of a power > 5000 kW  were United States ($2.35B), United Kingdom ($515M), Germany ($497M), France ($471M), and Italy ($393M).

Imports In 2023 the top importers of Gas turbine engines nes of a power > 5000 kW were United Kingdom ($530M), Singapore ($406M), United States ($364M), China ($314M), and Czechia ($279M).

Ranking Gas turbine engines nes of a power > 5000 kW ranks 2954th in the Product Complexity Index (PCI).

Description Gas turbine engines are used in applications that require a large amount of power, such as electric power generation, aircraft and locomotive propulsion.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Gas turbine engines nes of a power > 5000 kW. 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 (2023)United States$2.35B
Top Destination (2023)United Kingdom$530M

In 2023 Gas turbine engines nes of a power > 5000 kW were the world's 582nd most traded product (out of 4,644).

In 2023, the top exporters of Gas turbine engines nes of a power > 5000 kW were United States ($2.35B), United Kingdom ($515M), Germany ($497M), France ($471M), and Italy ($393M).

In 2023, the top importers of Gas turbine engines nes of a power > 5000 kW were United Kingdom ($530M), Singapore ($406M), United States ($364M), China ($314M), and Czechia ($279M).

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Exporters of Gas turbine engines nes of a power > 5000 kW (2023)
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Importers of Gas turbine engines nes of a power > 5000 kW (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United States$325M
Top Destination Growth (2022 -  2023)United Kingdom$271M

Between 2022 and 2023, the exports of Gas turbine engines nes of a power > 5000 kW grew the fastest in United States ($325M), Germany ($118M), Italy ($72.4M), United Arab Emirates ($67.5M), and Spain ($57.3M).

Between 2022 and 2023, the fastest growing importers of Gas turbine engines nes of a power > 5000 kW were United Kingdom ($271M), Australia ($107M), Indonesia ($97.2M), Vietnam ($89.1M), and Czechia ($89M).

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Exporters of Gas turbine engines nes of a power > 5000 kW (2022 - 2023)

Importers of Gas turbine engines nes of a power > 5000 kW (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Gas turbine engines nes of a power > 5000 kW.

In 2023, market concentration measured using Shannon Entropy, was 3.66. This means that most of the exports of Gas turbine engines nes of a power > 5000 kW are explained by 12 countries.

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Value of Exports in Gas turbine engines nes of a power > 5000 kW

Net Trade

TOP NET EXPORTER (2023)United States$1.98B
TOP NET IMPORTER (2023)China$277M

This map shows which countries export or import more of Gas turbine engines nes of a power > 5000 kW. Each country is colored based on the difference in exports and imports of Gas turbine engines nes of a power > 5000 kW during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Gas turbine engines nes of a power > 5000 kW were United States ($1.98B), Germany ($426M), France ($395M), Sweden ($239M), and Italy ($200M).

In 2023, the countries that had a largest trade value in imports than in exports of Gas turbine engines nes of a power > 5000 kW were China ($277M), Singapore ($269M), Czechia ($195M), Chinese Taipei ($193M), and Australia ($167M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Gas turbine engines nes of a power > 5000 kW.
It is possible to select the main countries that export or import Gas turbine engines nes of a power > 5000 kW in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Gas turbine engines nes of a power > 5000 kW by percentage of total exports

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 (2023)

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