Overview: This page contains the latest trade data of Gas Turbines. 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.
Top Destination Growth (2017 - 2018): United States, $25.6B
Between 2017 and 2018, the exports of Gas Turbines grew the fastest in United Kingdom ($8.87B), France ($5.46B), Singapore ($5.29B), Germany ($3.86B), and Japan ($2.96B).
This chart shows the evolution of the market concentration of exports of Gas Turbines.
In 2018, market concentration measured using Shannon Entropy, was 4.24. This means that most of the exports of Gas Turbines are explained by 18 countries.
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 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Gas Turbines were United Kingdom ($15.5B), France ($8.25B), Germany ($4.17B), Canada ($3.99B), and Brazil ($2.13B).
In 2018, the average tariff for importing Gas Turbines was 2.85%. The countries with the highest tariffs for importing Gas Turbines were Bermuda (25%), Maldives (19.6%), Cambodia (15%), Bahamas (14.2%), and Aruba (12%).
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.