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840690 (Harmonized System 1992 for 6-digit)

2023
World Trade $2.49BRnk 1238 / 4644
2023
Top Exporter | Top Importer $356M | $190MChina | United Kingdom
2023
Product Complexity 0.35Rnk 1941 / 4656
2022 - 2023
Export Growth (CAGR) -12.5%Rnk 2975 / 4644
2023
Share of World Trade 0.011%Rnk 1238 / 4644

About

Overview This page contains the latest trade data of Parts of steam and vapour turbines. In 2023, Parts of steam and vapour turbines were the world's 1238th most traded product, with a total trade of $2.49B. Between 2022 and 2023 the exports of Parts of steam and vapour turbines decreased by -12.5%, from $2.85B to $2.49B. Trade in Parts of steam and vapour turbines represent 0.011% of total world trade.

Parts of steam and vapour turbines are a part of Steam Turbines.

Exports In 2023 the top exporters of Parts of steam and vapour turbines  were China ($356M), Germany ($352M), Japan ($338M), United States ($251M), and Italy ($185M).

Imports In 2023 the top importers of Parts of steam and vapour turbines were United Kingdom ($190M), United States ($183M), Germany ($159M), Japan ($137M), and Vietnam ($110M).

Ranking Parts of steam and vapour turbines ranks 1941st in the Product Complexity Index (PCI).

Description Steam turbines use heat to create steam as a way to make electricity. This steam is then passed through a turbine. The turbine blades spin and the steam spins the blades, creating a spinning motion that can be used to generate electricity. Vapor turbines put the steam back into water to create more power.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Parts of steam and vapour 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.

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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)China$356M
Top Destination (2023)United Kingdom$190M

In 2023 Parts of steam and vapour turbines were the world's 1238th most traded product (out of 4,644).

In 2023, the top exporters of Parts of steam and vapour turbines were China ($356M), Germany ($352M), Japan ($338M), United States ($251M), and Italy ($185M).

In 2023, the top importers of Parts of steam and vapour turbines were United Kingdom ($190M), United States ($183M), Germany ($159M), Japan ($137M), and Vietnam ($110M).

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Exporters of Parts of steam and vapour turbines (2023)
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Importers of Parts of steam and vapour turbines (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$61.2M
Top Destination Growth (2022 -  2023)Japan$50.3M

Between 2022 and 2023, the exports of Parts of steam and vapour turbines grew the fastest in Germany ($61.2M), China ($40.1M), Poland ($17.2M), India ($14.8M), and Hong Kong ($7.28M).

Between 2022 and 2023, the fastest growing importers of Parts of steam and vapour turbines were Japan ($50.3M), Italy ($50.1M), United States ($40.5M), United Kingdom ($37.2M), and Chinese Taipei ($25.1M).

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Exporters of Parts of steam and vapour turbines (2022 - 2023)

Importers of Parts of steam and vapour turbines (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Parts of steam and vapour turbines.

In 2023, market concentration measured using Shannon Entropy, was 4.1. This means that most of the exports of Parts of steam and vapour turbines are explained by 17 countries.

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Value of Exports in Parts of steam and vapour turbines

Net Trade

TOP NET EXPORTER (2023)China$248M
TOP NET IMPORTER (2023)United Kingdom$125M

This map shows which countries export or import more of Parts of steam and vapour turbines. Each country is colored based on the difference in exports and imports of Parts of steam and vapour turbines during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Parts of steam and vapour turbines were China ($248M), Japan ($201M), Germany ($192M), Poland ($109M), and France ($104M).

In 2023, the countries that had a largest trade value in imports than in exports of Parts of steam and vapour turbines were United Kingdom ($125M), Indonesia ($107M), Vietnam ($107M), Bangladesh ($86M), and Chinese Taipei ($79.3M).

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 Parts of steam and vapour turbines.
It is possible to select the main countries that export or import Parts of steam and vapour turbines in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Parts of steam and vapour turbines 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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