HS Icon Gas turbine engines nes of a power < 5000 kW

841181 (Harmonized System 1992 for 6-digit)

World Trade (2018): $3.07B, Rnk 987 / 4726

Top Exporter (2018): $771M, United States

Top Importer (2018): $620M, United States

Product Complexity (2018): 0.22, Rnk 2221 / 4873

Export Growth (CAGR)(2017 - 2018): 19.2%, Rnk 1446 / 4726

Mean Tariff (2018): 3.07%, Rnk 5674 / 6538

Share of World Trade (2018): 0.017%, Rnk 987 / 4726

Overview:  This page contains the latest trade data of Gas turbine engines nes of a power < 5000 kW. In 2018, Gas turbine engines nes of a power < 5000 kW were the world's 987th most traded product, with a total trade of $3.07B. Between 2017 and 2018 the exports of Gas turbine engines nes of a power < 5000 kW grew by 19.2%, from  $2.57B to $3.07B. Trade in Gas turbine engines nes of a power < 5000 kW represent 0.017% of total world trade.

Exports: In 2018 the top exporters of Gas turbine engines nes of a power < 5000 kW  were United States ($771M), Canada ($460M), Poland ($433M), Singapore ($294M), and United Kingdom ($274M).

Imports: In 2018 the top importers of Gas turbine engines nes of a power < 5000 kW were United States ($620M), United Kingdom ($184M), Japan ($151M), Canada ($137M), and China ($136M).

Tariffs: In 2018 the average tariff for Gas turbine engines nes of a power < 5000 kW was 3.07%, been the 5674 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Gas turbine engines nes of a power < 5000 kW are Bermuda (25%), Bahamas (22.3%), Maldives (19.6%), Cambodia (15%), and Aruba (12%). The countries with the lowest tariffs are Angola (0%), Ethiopia (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Gas turbine engines nes of a power < 5000 kW ranks 2221st in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $771M

Top Destination (2018): United States, $620M

Gas turbine engines nes of a power < 5000 kW are the world's 987th most traded product.

In 2018, the top exporters of Gas turbine engines nes of a power < 5000 kW were United States ($771M), Canada ($460M), Poland ($433M), Singapore ($294M), and United Kingdom ($274M).

In 2018, the top importers of Gas turbine engines nes of a power < 5000 kW were United States ($620M), United Kingdom ($184M), Japan ($151M), Canada ($137M), and China ($136M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Poland, $189M

Top Destination Growth (2017 - 2018): United States, $128M

Between 2017 and 2018, the exports of Gas turbine engines nes of a power < 5000 kW grew the fastest in Poland ($189M), United Kingdom ($139M), Germany ($133M), Singapore ($74.5M), and United Arab Emirates ($67.7M).

Between 2017 and 2018, the fastest growing importers of Gas turbine engines nes of a power < 5000 kW were United States ($128M), Pakistan ($84.3M), Germany ($53.1M), Italy ($52.1M), and China ($46.7M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Gas turbine engines nes of a power < 5000 kW.

In 2018,  market concentration measured using Shannon Entropy, was 3.66. This means that most of the exports of Gas turbine engines nes of a power < 5000 kW are explained by 12 countries.

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TOP NET EXPORTER (2018): Poland, $328M

TOP NET IMPORTER (2018): Japan, $134M

This map shows which countries export or import more of Gas turbine engines nes of a power < 5000 kW. Each country is colored based on the difference in exports and imports of Gas turbine engines nes of a power < 5000 kW during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Gas turbine engines nes of a power < 5000 kW were Poland ($328M), Canada ($323M), Singapore ($181M), United States ($151M), and United Kingdom ($89.4M).

In 2018, the countries that had a largest trade value in imports than in exports of Gas turbine engines nes of a power < 5000 kW were Japan ($134M), Pakistan ($106M), China ($102M), Qatar ($71M), and Australia ($69.1M).

Trade Forecasts

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This section shows forecasts for total trade for Gas turbine engines nes of a power < 5000 kW. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Gas turbine engines nes of a power < 5000 kW was 3.07%.  The countries with the highest tariffs for importing Gas turbine engines nes of a power < 5000 kW were Bermuda (25%), Bahamas (22.3%), Maldives (19.6%), Cambodia (15%), and Aruba (12%).

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Product Complexity

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Diversification Frontier

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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.