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).
Imports: In 2019 the top importers of Steam Turbines were Indonesia ($656M), United States ($237M), China ($221M), Germany ($180M), and India ($158M).
Tariffs: In 2018 the average tariff for Steam Turbines was 4.38%, making it the 929th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Steam Turbines are Bahamas (31.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Aruba (12%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).
Ranking: Steam Turbines ranks 307th in the Product Complexity Index (PCI).
Description: Steam turbines are used to generate electricity. They are made from a variety of materials, including steel and aluminum.