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Pricing

Turbo-jets, turbo-propellers and other gas turbines

8411 (Harmonized System 1992 for 4-digit)

2022
World Trade $150BRnk 21 / 1218
2022
Top Exporter | Top Importer $32.5B | $26.2BUnited States | United States
2022
Product Complexity 0.75Rnk 262 / 1033
2021 - 2022
Export Growth (CAGR) 11.5%Rnk 367 / 1218
2022
Share of World Trade 0.63%Rnk 21 / 1218

About

Overview This page contains the latest trade data of Gas Turbines. In 2022, Gas Turbines were the world's 21st most traded product, with a total trade of $150B. Between 2021 and 2022 the exports of Gas Turbines grew by 11.5%, from $135B to $150B. Trade in Gas Turbines represent 0.63% of total world trade.

Gas Turbines are a part of Machinery, mechanical appliances, & parts. They include Parts of turbo-jet or turbo-propeller engines, Turbo-jet engines of a thrust > 25 KN, Parts of gas turbine engines except turbo-jet/prop, Gas turbine engines nes of a power > 5000 kW, Turbo-propeller engines of a power > 1100 kW, Gas turbine engines nes of a power < 5000 kW, Turbo-jet engines of a thrust < 25 KN, and Turbo-propeller engines of a power < 1100 kW.

Exports In 2022 the top exporters of Gas Turbines  were United States ($32.5B), United Kingdom ($29.2B), France ($13.6B), Singapore ($8.48B), and Hong Kong ($7.92B).

Imports In 2022 the top importers of Gas Turbines were United States ($26.2B), United Kingdom ($11.5B), China ($9.91B), Germany ($9.05B), and France ($8.48B).

Ranking Gas Turbines ranks 262nd 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.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Gas Turbines. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)United States$32.5B
Top Destination (2022)United States$26.2B

In 2022 Gas Turbines were the world's 21st most traded product (out of 1,218).

In 2022, the top exporters of Gas Turbines were United States ($32.5B), United Kingdom ($29.2B), France ($13.6B), Singapore ($8.48B), and Hong Kong ($7.92B).

In 2022, the top importers of Gas Turbines were United States ($26.2B), United Kingdom ($11.5B), China ($9.91B), Germany ($9.05B), and France ($8.48B).

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Exporters of Gas Turbines (2022)
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Importers of Gas Turbines (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)United Kingdom$5.94B
Top Destination Growth (2021 -  2022)United States$3.87B

Between 2021 and 2022, the exports of Gas Turbines grew the fastest in United Kingdom ($5.94B), France ($2.88B), Singapore ($2.35B), United States ($1.99B), and Canada ($1.04B).

Between 2021 and 2022, the fastest growing importers of Gas Turbines were United States ($3.87B), United Arab Emirates ($2.51B), Hong Kong ($1.9B), Brazil ($1.24B), and Japan ($1.23B).

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Exporters of Gas Turbines (2021 - 2022)

Importers of Gas Turbines (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Gas Turbines.

In 2022, market concentration measured using Shannon Entropy, was 4.07. This means that most of the exports of Gas Turbines are explained by 16 countries.

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Value of Exports in Gas Turbines

Net Trade

TOP NET EXPORTER (2022)United Kingdom$17.7B
TOP NET IMPORTER (2022)China$6.1B

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Gas Turbines were United Kingdom ($17.7B), United States ($6.31B), France ($5.11B), Canada ($2.66B), and Poland ($932M).

In 2022, the countries that had a largest trade value in imports than in exports of Gas Turbines were China ($6.1B), United Arab Emirates ($3.44B), Germany ($2.91B), Brazil ($2.75B), and Qatar ($2.26B).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Gas Turbines, disaggragated by their HS6 level were Turbo-jet engines of a thrust >... ($65.9B), Parts of turbo-jet or turbo-propeller engines ($50.2B), Parts of gas turbine engines except... ($20.7B), Gas turbine engines nes of a... ($6.11B), and Turbo-propeller engines of a power >... ($2.43B)

HS6 Disaggregation for Gas Turbines (2022)
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Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Gas Turbines.
It is possible to select the main countries that export or import Gas Turbines in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Gas Turbines by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

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.

Relatedness vs Country Complexity (2022)

Related Products

This visualization shows products that are likely to be exported by countries that export Gas Turbines.

Country by Relatedness

The following visualization shows the relatedness of Gas Turbines to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2022)

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