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Turbines; steam and other vapour turbines

8406 (Harmonized System 1992 for 4-digit)

2022
World Trade $3.62BRnk 637 / 1218
2022
Top Exporter | Top Importer $678M | $262MJapan | Indonesia
2022
Product Complexity 0.67Rnk 292 / 1033
2021 - 2022
Export Growth (CAGR) -19.9%Rnk 1177 / 1218
2022
Share of World Trade 0.015%Rnk 637 / 1218

About

Overview This page contains the latest trade data of Steam Turbines. In 2022, Steam Turbines were the world's 637th most traded product, with a total trade of $3.62B. Between 2021 and 2022 the exports of Steam Turbines decreased by -19.9%, from $4.53B to $3.62B. Trade in Steam Turbines represent 0.015% of total world trade.

Steam Turbines are a part of Machinery, mechanical appliances, & parts. They include Parts of steam and vapour turbines, Steam and vapour turbines nes, and Steam and vapour turbines for marine propulsion.

Exports In 2022 the top exporters of Steam Turbines  were Japan ($678M), Germany ($516M), China ($502M), United States ($332M), and Italy ($222M).

Imports In 2022 the top importers of Steam Turbines were Indonesia ($262M), United States ($211M), Bangladesh ($188M), Germany ($183M), and United Kingdom ($183M).

Ranking Steam Turbines ranks 292nd in the Product Complexity Index (PCI).

Description Steam turbines are used to generate electricity. They are made from a variety of materials, including steel and aluminum.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Steam 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 (2022)Japan$678M
Top Destination (2022)Indonesia$262M

In 2022 Steam Turbines were the world's 637th most traded product (out of 1,218).

In 2022, the top exporters of Steam Turbines were Japan ($678M), Germany ($516M), China ($502M), United States ($332M), and Italy ($222M).

In 2022, the top importers of Steam Turbines were Indonesia ($262M), United States ($211M), Bangladesh ($188M), Germany ($183M), and United Kingdom ($183M).

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Exporters of Steam Turbines (2022)
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Importers of Steam Turbines (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Germany$84.2M
Top Destination Growth (2021 -  2022)Vietnam$66.5M

Between 2021 and 2022, the exports of Steam Turbines grew the fastest in Germany ($84.2M), Italy ($68.4M), United Kingdom ($47.7M), United States ($40.8M), and Japan ($36.4M).

Between 2021 and 2022, the fastest growing importers of Steam Turbines were Vietnam ($66.5M), United Kingdom ($42.1M), Germany ($32.7M), Indonesia ($32M), and Mexico ($29.5M).

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Exporters of Steam Turbines (2021 - 2022)

Importers of Steam Turbines (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 4.02. This means that most of the exports of Steam Turbines are explained by 16 countries.

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Value of Exports in Steam Turbines

Net Trade

TOP NET EXPORTER (2022)Japan$559M
TOP NET IMPORTER (2022)Indonesia$260M

This map shows which countries export or import more of Steam Turbines. Each country is colored based on the difference in exports and imports of Steam Turbines during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Steam Turbines were Japan ($559M), China ($340M), Germany ($333M), Italy ($170M), and Czechia ($129M).

In 2022, the countries that had a largest trade value in imports than in exports of Steam Turbines were Indonesia ($260M), Bangladesh ($182M), Turkey ($151M), Thailand ($109M), and Vietnam ($106M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Steam Turbines, disaggragated by their HS6 level were Parts of steam and vapour turbines ($2.5B), Steam and vapour turbines nes ($1.1B), and Steam and vapour turbines for marine... ($18.7M)

HS6 Disaggregation for Steam Turbines (2022)
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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 Turbines.
It is possible to select the main countries that export or import Steam Turbines in the world, or by continent, as well as select the measure of interest.

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

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $18.7M
TOP IMPORT POTENTIALJapan+ $12.2M

Steam Turbines’s highest export potential is India. With an export gap of $18.7M.  Steam Turbines’s highest import potential is Japan with an import gap of $12.2M.

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 (2022)

Related Products

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

Country by Relatedness

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

Relative Relatedness by Country (2022)

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