HS Icon Steam Boilers

8402 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Steam Boilers. In 2020, Steam Boilers were the world's 510th most traded product, with a total trade of $4.55B. Between 2019 and 2020 the exports of Steam Boilers decreased by -13.5%, from $5.27B to $4.55B. Trade in Steam Boilers represent 0.027% of total world trade.

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

Exports In 2020 the top exporters of Steam Boilers  were China ($1.52B), South Korea ($365M), Germany ($308M), Finland ($236M), and India ($227M).

Imports In 2020 the top importers of Steam Boilers were Indonesia ($361M), Turkey ($275M), Pakistan ($255M), United States ($251M), and Brazil ($208M).

Tariffs In 2018 the average tariff for Steam Boilers was 5.37%, making it the 774th lowest tariff using the HS4 product classification.

Ranking Steam Boilers ranks 320th 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.

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Y-AXIS SCALE

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.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2020): China, $1.52B

Top Destination (2020): Indonesia, $361M

Steam Boilers are the world's 510th most traded product.

In 2020, the top exporters of Steam Boilers were China ($1.52B), South Korea ($365M), Germany ($308M), Finland ($236M), and India ($227M).

In 2020, the top importers of Steam Boilers were Indonesia ($361M), Turkey ($275M), Pakistan ($255M), United States ($251M), and Brazil ($208M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): China, $228M

Top Destination Growth (2019 - 2020): Pakistan, $156M

Between 2019 and 2020, the exports of Steam Boilers grew the fastest in China ($228M), Finland ($141M), Vietnam ($65.2M), Russia ($57.5M), and Germany ($34.5M).

Between 2019 and 2020, the fastest growing importers of Steam Boilers were Pakistan ($156M), Turkey ($139M), South Africa ($128M), Chile ($89.8M), and Brazil ($55M).

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Market Concentration

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Cumulative market share

Value

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

In 2020,  market concentration measured using Shannon Entropy, was 4.01. This means that most of the exports of Steam Boilers are explained by 16 countries.

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TOP NET EXPORTER (2020): China, $1.42B

TOP NET IMPORTER (2020): Indonesia, $344M

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 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Steam Boilers were China ($1.42B), South Korea ($289M), Germany ($217M), Finland ($214M), and Italy ($204M).

In 2020, the countries that had a largest trade value in imports than in exports of Steam Boilers were Indonesia ($344M), Pakistan ($254M), Turkey ($237M), Chile ($206M), and Brazil ($180M).

Disaggregation

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Value

In 2020, the world most traded Steam Boilers, disaggragated by their HS6 level were Parts of steam or vapour generating... ($2.31B), Water tube boilers, steam production <... ($920M), Vapour generating boilers nes, hybrid boilers ($681M), Water tube boilers, steam production <... ($339M), and Super-heated water boilers ($300M)

Country Comparison

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Flow
Measure
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.

Product Complexity

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Diversification Frontier

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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.

Country by Relatedness

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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.