Overview: This page contains the latest trade data of Steam Turbines. In 2019, Steam Turbines were the world's 544th most traded product, with a total trade of $4.28B. Between 2018 and 2019 the exports of Steam Turbines decreased by -20%, from $5.35B to $4.28B. Trade in Steam Turbines represent 0.024% of total world trade.
Exports: In 2019 the top exporters of Steam Turbines were Japan ($780M), China ($633M), Germany ($626M), United States ($353M), and India ($286M).
Top Origin Growth (2018 - 2019): United States, $41.7M
Top Destination Growth (2018 - 2019): Indonesia, $146M
Between 2018 and 2019, the exports of Steam Turbines grew the fastest in United States ($41.7M), India ($41.2M), Czechia ($28.7M), Sweden ($21.9M), and Belgium ($18.2M).
Between 2018 and 2019, the fastest growing importers of Steam Turbines were Indonesia ($146M), Argentina ($49.5M), Brazil ($48.8M), Thailand ($35.6M), and Iraq ($33.4M).
This chart shows the evolution of the market concentration of exports of Steam Turbines.
In 2019, market concentration measured using Shannon Entropy, was 4. This means that most of the exports of Steam Turbines are explained by 15 countries.
This map shows which countries export or import more of Steam Turbines. Each country is colored based on the difference in exports and imports of Steam Turbines during 2019.
In 2019, the countries that had a largest trade value in exports than in imports of Steam Turbines were Japan ($651M), Germany ($446M), China ($412M), Czechia ($201M), and Poland ($140M).
In 2019, the countries that had a largest trade value in imports than in exports of Steam Turbines were Indonesia ($639M), Vietnam ($125M), Pakistan ($121M), Thailand ($109M), and Malaysia ($89.6M).
In 2018, the average tariff for importing Steam Turbines was 4.38%. The countries with the highest tariffs for importing Steam Turbines were Bahamas (31.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), 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.