Steam Boilers8402 (Harmonized System 1992 for 4-digit)
2020 World Trade: $4.55B, Rnk 510 / 1217
2020 Top Exporter | Top Importer: $1.52B | $361M, China | Indonesia
2020 Product Complexity: 0.6, Rnk 320 / 1028
2019 - 2020 Export Growth (CAGR): -13.5%, Rnk 858 / 1217
2018 Mean Tariff: 5.37%, Rnk 774 / 1259
2020 Share of World Trade: 0.027%, Rnk 510 / 1217
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.
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.
Trade By Country
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).
Trade by country
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).
Cumulative market share
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.
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).
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)
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.
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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