Overview: In 2018, Gas Turbines were the world's 15th most traded product, with a total trade of $143B. Between 2017 and 2018 the exports of Gas Turbines grew by 38.4%, from $103B to $143B. Trade in Gas Turbines represent 0.78% of total world trade.
Exports: In 2018 the top exporters of Gas Turbines were United States ($23.8B), United Kingdom ($23.5B), France ($14.4B), Germany ($12.1B), and Singapore ($7.96B).
Imports: In 2018 the top importers of Gas Turbines were United States ($32.9B), United Kingdom ($7.95B), Germany ($7.93B), China ($7.13B), and Singapore ($6.78B).
Tariffs: In 2018 the average tariff for Gas Turbines was 2.85%, been the 1155 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Gas Turbines are Bermuda (25%), Maldives (19.6%), Cambodia (15%), Bahamas (14.2%), and Aruba (12%). The countries with the lowest tariffs are Angola (0%), Ethiopia (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).
Ranking: Gas Turbines ranks 452nd in the Product Complexity Index (PCI).