Overview: In 2018, Steam Turbines were the world's 496th most traded product, with a total trade of $5.09B. Between 2017 and 2018 the exports of Steam Turbines grew by 15.3%, from $4.41B to $5.09B. Trade in Steam Turbines represent 0.028% of total world trade.
Exports: In 2018 the top exporters of Steam Turbines were Japan ($886M), China ($829M), Germany ($708M), Italy ($257M), and United States ($251M).
Imports: In 2018 the top importers of Steam Turbines were Indonesia ($509M), United States ($330M), Bolivia ($322M), India ($297M), and China ($219M).
Tariffs: In 2018 the average tariff for Steam Turbines was 4.38%, been the 929 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Steam Turbines are Bahamas (31.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Aruba (12%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).
Ranking: Steam Turbines ranks 71st in the Product Complexity Index (PCI).