Gas Turbines8411 (Harmonized System 1992 for 4-digit)
2019 World Trade: $159B, Rnk 13 / 1217
2019 Top Exporter | Top Importer: $28.1B | $36.5B, United States | United States
2019 Product Complexity: 0.64, Rnk 289 / 961
2018 - 2019 Export Growth (CAGR): 7.98%, Rnk 99 / 1217
2018 Mean Tariff: 2.81%, Rnk 1166 / 1259
2019 Share of World Trade: 0.88%, Rnk 13 / 1217
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 2.81%, making it the 1166th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Gas Turbines are Bermuda (25%), Cayman Islands (22%), Anguilla (20%), and Maldives (19.6%). 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.
Trade By Country
Top Origin (2019): United States, $28.1B
Top Destination (2019): United States, $36.5B
Gas Turbines are the world's 13th most traded product.
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).
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).
Trade by country
Top Origin Growth (2018 - 2019): France, $2.84B
Top Destination Growth (2018 - 2019): United States, $3.62B
Between 2018 and 2019, the exports of Gas Turbines grew the fastest in France ($2.84B), Singapore ($2.35B), United Kingdom ($2.2B), Hong Kong ($1.97B), and United States ($1.29B).
Between 2018 and 2019, the fastest growing importers of Gas Turbines were United States ($3.62B), China ($2.3B), Hong Kong ($1.62B), Germany ($1.41B), and Singapore ($1.4B).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Gas Turbines.
In 2019, market concentration measured using Shannon Entropy, was 4.15. This means that most of the exports of Gas Turbines are explained by 17 countries.
TOP NET EXPORTER (2019): United Kingdom, $18.4B
TOP NET IMPORTER (2019): United States, $8.44B
This map shows which countries export or import more of Gas Turbines. Each country is colored based on the difference in exports and imports of Gas Turbines during 2019.
In 2019, the countries that had a largest trade value in exports than in imports of Gas Turbines were United Kingdom ($18.4B), France ($11B), Italy ($2.59B), Canada ($2.03B), and Germany ($1.95B).
In 2019, the countries that had a largest trade value in imports than in exports of Gas Turbines were United States ($8.44B), United Arab Emirates ($4.49B), China ($4.33B), Qatar ($2.71B), and Hong Kong ($2.28B).
In 2019, the world most traded Gas Turbines, disaggragated by their HS6 level were Turbo-jet engines of a thrust >... ($64.5B), Parts of turbo-jet or turbo-propeller engines ($58B), Parts of gas turbine engines except... ($20.5B), Gas turbine engines nes of a... ($6.49B), and Turbo-propeller engines of a power >... ($3.68B)
In 2018, the average tariff for importing Gas Turbines was 2.81%. The countries with the highest tariffs for importing Gas Turbines were Bermuda (25%), Cayman Islands (22%), Anguilla (20%), and Maldives (19.6%).
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.