Overview: This page contains the latest trade data of Gas Turbines. In 2019, Gas Turbines were the world's 13th most traded product, with a total trade of $159B. Between 2018 and 2019 the exports of Gas Turbines grew by 7.98%, from $147B to $159B. Trade in Gas Turbines represent 0.88% of total world trade.
Exports: In 2019 the top exporters of Gas Turbines were United States ($28.1B), United Kingdom ($25.6B), France ($19.1B), Germany ($13.1B), and Singapore ($10.3B).
Imports: In 2019 the top importers of Gas Turbines were United States ($36.5B), Germany ($11.2B), China ($9.44B), Singapore ($8.37B), and France ($8.14B).
Tariffs: In 2018 the average tariff for Gas Turbines was 2.85%, making it the 1155th 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 289th in the Product Complexity Index (PCI).
Description: Turbojets are used to power airplanes and other vehicles. They work by using the energy from a jet of air to spin a turbine, which then powers an engine. Turbopropellers are similar to turbojets, but they use a propeller instead of a jet of air.