Gas Turbines8411 (Harmonized System 1992 for 4-digit)
2020 World Trade: $127B, Rnk 15 / 1217
2020 Top Exporter | Top Importer: $27.3B | $23.8B, United States | United States
2020 Product Complexity: 0.81, Rnk 233 / 1028
2019 - 2020 Export Growth (CAGR): -19.3%, Rnk 1007 / 1217
2018 Mean Tariff: 2.81%, Rnk 1166 / 1259
2020 Share of World Trade: 0.76%, Rnk 15 / 1217
Overview This page contains the latest trade data of Gas Turbines. In 2020, Gas Turbines were the world's 15th most traded product, with a total trade of $127B. Between 2019 and 2020 the exports of Gas Turbines decreased by -19.3%, from $157B to $127B. Trade in Gas Turbines represent 0.76% of total world trade.
Gas Turbines are a part of Machinery and appliances. They include Parts of turbo-jet or turbo-propeller engines, Turbo-jet engines of a thrust > 25 KN, Parts of gas turbine engines except turbo-jet/prop, Gas turbine engines nes of a power > 5000 kW, Turbo-propeller engines of a power > 1100 kW, Gas turbine engines nes of a power < 5000 kW, Turbo-jet engines of a thrust < 25 KN, and Turbo-propeller engines of a power < 1100 kW.
Exports In 2020 the top exporters of Gas Turbines were United States ($27.3B), United Kingdom ($18.1B), France ($11.5B), Germany ($9.3B), and Singapore ($9.24B).
Imports In 2020 the top importers of Gas Turbines were United States ($23.8B), China ($9.56B), Singapore ($8.7B), Germany ($8.64B), and United Kingdom ($7.96B).
Tariffs In 2018 the average tariff for Gas Turbines was 2.81%, making it the 1166th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Gas Turbines are Bermuda (25%), Cayman Islands (22%), Anguilla (20%), and Maldives (19.6%). The countries with the lowest tariffs are Angola (0%), Ethiopia (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).
Ranking Gas Turbines ranks 233rd in the Product Complexity Index (PCI).
Description Turbojets are used to power airplanes and other vehicles. They work by using the energy from a jet of air to spin a turbine, which then powers an engine. Turbopropellers are similar to turbojets, but they use a propeller instead of a jet of air.
The following visualization shows the latest trends on Gas Turbines. Countries are shown based on data availability.
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2020): United States, $27.3B
Top Destination (2020): United States, $23.8B
Gas Turbines are the world's 15th most traded product.
In 2020, the top exporters of Gas Turbines were United States ($27.3B), United Kingdom ($18.1B), France ($11.5B), Germany ($9.3B), and Singapore ($9.24B).
In 2020, the top importers of Gas Turbines were United States ($23.8B), China ($9.56B), Singapore ($8.7B), Germany ($8.64B), and United Kingdom ($7.96B).
Trade by country
Top Origin Growth (2019 - 2020): Hong Kong, $1.38B
Top Destination Growth (2019 - 2020): Hong Kong, $1.15B
Between 2019 and 2020, the exports of Gas Turbines grew the fastest in Hong Kong ($1.38B), South Korea ($428M), Vietnam ($256M), Ethiopia ($225M), and Qatar ($137M).
Between 2019 and 2020, the fastest growing importers of Gas Turbines were Hong Kong ($1.15B), Singapore ($852M), United Kingdom ($705M), Ireland ($409M), and Lebanon ($280M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Gas Turbines.
In 2020, market concentration measured using Shannon Entropy, was 4.19. This means that most of the exports of Gas Turbines are explained by 18 countries.
TOP NET EXPORTER (2020): United Kingdom, $10.2B
TOP NET IMPORTER (2020): China, $6.16B
This map shows which countries export or import more of Gas Turbines. Each country is colored based on the difference in exports and imports of Gas Turbines during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Gas Turbines were United Kingdom ($10.2B), France ($5.18B), United States ($3.42B), Canada ($1.51B), and Italy ($1.42B).
In 2020, the countries that had a largest trade value in imports than in exports of Gas Turbines were China ($6.16B), United Arab Emirates ($2.29B), Qatar ($1.64B), Brazil ($1.41B), and South Korea ($978M).
In 2019, the world most traded Gas Turbines, disaggragated by their HS6 level were Turbo-jet engines of a thrust >... ($54.1B), Parts of turbo-jet or turbo-propeller engines ($41.7B), Parts of gas turbine engines except... ($18.2B), Gas turbine engines nes of a... ($5.71B), and Turbo-propeller engines of a power >... ($2.55B)
This visualization shows the countries that have an important ratio of their trade related to Gas Turbines. It is possible to select the main countries that export or import Gas Turbines in the world, or by continent, as well as select the measure of interest.
In 2018, the average tariff for importing Gas Turbines was 2.81%. The countries with the highest tariffs for importing Gas Turbines were Bermuda (25%), Cayman Islands (22%), Anguilla (20%), and Maldives (19.6%).
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.
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