Gas Turbines in United States | The Observatory of Economic Complexity

About

Exports In 2022, United States exported $32.5B in Gas Turbines, making it the 1st largest exporter of Gas Turbines in the world. At the same year, Gas Turbines was the 13th most exported product in United States. The main destination of Gas Turbines exports from United States are: France ($3.31B), Germany ($2.94B), United Kingdom ($2.58B), Brazil ($1.95B), and Canada ($1.92B).

The fastest growing export markets for Gas Turbines of United States between 2021 and 2022 were United Arab Emirates ($1.42B), Brazil ($1.18B), and Qatar ($1.09B).

Imports In 2022, United States imported $26.2B in Gas Turbines, becoming the 1st largest importer of Gas Turbines in the world. At the same year, Gas Turbines was the 15th most imported product in United States. United States imports Gas Turbines primarily from: France ($4.57B), Canada ($3.87B), United Kingdom ($3.65B), Mexico ($2.15B), and Japan ($2.02B).

The fastest growing import markets in Gas Turbines for United States between 2021 and 2022 were United Kingdom ($737M), France ($724M), and Canada ($549M).

COMPANIES In 2023, leading companies such as WAL-MART INC. (15.7k), Boeing (2.81k), and SCHAEFFLER GROUP USA INC. (1.48k) were at the forefront of shipping Gas Turbines to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United States' Gas Turbines exports accounted up to $1.03B and imports accounted up to $2.52B, resulting in a negative trade balance of $1.49B. Between January 2023 and January 2024 the exports of United States' Gas Turbines have increased by $176M (20.7%) from $853M to $1.03B, while imports increased by $590M (30.6%) from $1.93B to $2.52B.

Destinations In January 2024, Gas Turbines were exported mostly to Canada ($118M), Mexico ($89.3M), South Korea ($53.1M), Japan ($51.5M), and United Arab Emirates ($47.6M), and were imported mostly from France ($523M), Canada ($459M), United Kingdom ($343M), Germany ($227M), and Mexico ($178M).

Growth In January 2024, the increase in Gas Turbines's year-by-year exports was explained primarily by an increase in exports to Mexico ($58.3M or 64.9%), Saudi Arabia ($29.6M or 179%), and Belgium ($24M or 681%). In January 2024, the increase in Gas Turbines's year-by-year imports was explained primarily by an increase in imports from Canada ($147M or 49.6%), France ($56.6M or 15.9%), and Mexico ($36.4M or 38%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$176M(20.7%)

IMPORT GROWTH (January 2023 - January 2024)$590M(30.6%)

MAIN EXPORTER (January 2024)Georgia$214M

MAIN DESTINATION (January 2024)Canada$118M

This section shows Gas Turbines's exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Gas Turbines over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$32.5B

IMPORTS (2022)$26.2B

NET TRADE (2022)$6.31B

In 2022, United States exported $32.5B in Gas Turbines. The main destinations of United States exports on Gas Turbines were France ($3.31B), Germany ($2.94B), United Kingdom ($2.58B), Brazil ($1.95B), and Canada ($1.92B).

In 2022, United States imported $26.2B in Gas Turbines, mainly from France ($4.57B), Canada ($3.87B), United Kingdom ($3.65B), Mexico ($2.15B), and Japan ($2.02B).

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