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Boilers; steam or other vapour generating (other than central heating hot water boilers, capable also of producing low pressure steam), super heated water boilers

8402 (Harmonized System 1992 for 4-digit)

2023
World Trade $4.43BRnk 579 / 1217
2023
Top Exporter | Top Importer $1.65B | $648MChina | Indonesia
2023
Product Complexity 0.15Rnk 518 / 1044
2022 - 2023
Export Growth (CAGR) 6.84%Rnk 206 / 1217
2023
Share of World Trade 0.02%Rnk 579 / 1217

About

Overview This page contains the latest trade data of Steam Boilers. In 2023, Steam Boilers were the world's 579th most traded product, with a total trade of $4.43B. Between 2022 and 2023 the exports of Steam Boilers grew by 6.84%, from $4.15B to $4.43B. Trade in Steam Boilers represent 0.02% of total world trade.

Steam Boilers are a part of Machinery, mechanical appliances, & parts. They include Parts of steam or vapour generating boilers nes, Vapour generating boilers nes, hybrid boilers, Water tube boilers, steam production < 45T per hour, Water tube boilers, steam production < 45T per hour, and Super-heated water boilers.

Exports In 2023 the top exporters of Steam Boilers  were China ($1.65B), South Korea ($371M), Germany ($261M), Italy ($211M), and India ($211M).

Imports In 2023 the top importers of Steam Boilers were Indonesia ($648M), United States ($217M), Japan ($191M), Hong Kong ($154M), and Chinese Taipei ($152M).

Ranking Steam Boilers ranks 518th in the Product Complexity Index (PCI).

Description Steam or other vapour generating boilers are used to heat buildings. They can be made from a variety of materials, including steel, copper, and aluminum.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Steam Boilers. 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$1.65B
Top Destination (2023)Indonesia$648M

In 2023 Steam Boilers were the world's 579th most traded product (out of 1,217).

In 2023, the top exporters of Steam Boilers were China ($1.65B), South Korea ($371M), Germany ($261M), Italy ($211M), and India ($211M).

In 2023, the top importers of Steam Boilers were Indonesia ($648M), United States ($217M), Japan ($191M), Hong Kong ($154M), and Chinese Taipei ($152M).

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Exporters of Steam Boilers (2023)
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Importers of Steam Boilers (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$365M
Top Destination Growth (2022 -  2023)Indonesia$179M

Between 2022 and 2023, the exports of Steam Boilers grew the fastest in China ($365M), Germany ($49.4M), Gambia ($48.7M), Denmark ($35.1M), and Thailand ($31.5M).

Between 2022 and 2023, the fastest growing importers of Steam Boilers were Indonesia ($179M), Hong Kong ($113M), United States ($63M), Belgium ($60.7M), and Poland ($56.9M).

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Exporters of Steam Boilers (2022 - 2023)

Importers of Steam Boilers (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Steam Boilers.

In 2023, market concentration measured using Shannon Entropy, was 3.94. This means that most of the exports of Steam Boilers are explained by 15 countries.

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Value of Exports in Steam Boilers

Net Trade

TOP NET EXPORTER (2023)China$1.55B
TOP NET IMPORTER (2023)Indonesia$641M

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

In 2023, the countries that had a largest trade value in exports than in imports of Steam Boilers were China ($1.55B), South Korea ($293M), Germany ($197M), India ($155M), and Italy ($147M).

In 2023, the countries that had a largest trade value in imports than in exports of Steam Boilers were Indonesia ($641M), Hong Kong ($154M), Chinese Taipei ($144M), Japan ($120M), and Bangladesh ($118M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Steam Boilers, disaggragated by their HS6 level were Parts of steam or vapour generating... ($2.54B), Vapour generating boilers nes, hybrid boilers ($793M), Water tube boilers, steam production <... ($457M), Water tube boilers, steam production <... ($389M), and Super-heated water boilers ($255M)

HS6 Disaggregation for Steam Boilers (2023)
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Country Comparison

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Ranking

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

Top 10 Exporters Countries of Steam Boilers by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $19.1M
TOP IMPORT POTENTIALSouth Korea+ $5.82M

Steam Boilers’s highest export potential is India. With an export gap of $19.1M.  Steam Boilers’s highest import potential is South Korea with an import gap of $5.82M.

See methodology.

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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 (2023)

Related Products

This visualization shows products that are likely to be exported by countries that export Steam Boilers.

Country by Relatedness

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

Relative Relatedness by Country (2023)

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