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2023
Exports $8.04BWorld Rnk 7 / 199
Flag Rnk 83 / 1215
2023
Destination $609M Hong Kong
2022 - 2023
FASTEST GROWING MARKET $609MHong Kong
2023
PRODUCT COMPLEXITY IN Gas Turbines0.7Rnk 283 / 1025
2023
Imports $14BWorld Rnk 5 / 210
Flag Rnk 22 / 1214
2023
Origin $956M Hong Kong
2022 - 2023
FASTEST GROWING ORIGIN $956MUnited States
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $8.04B in Gas Turbines, making it the 7th largest exporter of Gas Turbines in the world. At the same year, Gas Turbines was the 83rd most exported product in China. The main destination of Gas Turbines exports from China are: Hong Kong ($4.26B), France ($880M), United States ($462M), Germany ($281M), and Singapore ($244M).

The fastest growing export markets for Gas Turbines of China between 2022 and 2023 were Hong Kong ($609M), France ($281M), and Russia ($119M).

Imports In 2023, China imported $14B in Gas Turbines, becoming the 5th largest importer of Gas Turbines in the world. At the same year, Gas Turbines was the 22nd most imported product in China. China imports Gas Turbines primarily from: Hong Kong ($4.96B), United States ($3.83B), France ($2.24B), United Kingdom ($524M), and Germany ($357M).

The fastest growing import markets in Gas Turbines for China between 2022 and 2023 were United States ($956M), France ($811M), and Hong Kong ($391M).

COMPANIES In 2024, leading companies such as Advance Auto Parts (282), Schaeffler Group (39), and Euromarket Designs (30) were at the forefront of shipping Gas Turbines from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Gas Turbines exports accounted up to $310M and imports accounted up to $1.23B, resulting in a negative trade balance of $922M. Between December 2023 and December 2024 the exports of China's   Gas Turbines have decreased by $-6.99M (-2.21%) from $317M to $310M, while imports increased by $139M (12.7%) from $1.09B to $1.23B.

Destinations In December 2024, Gas Turbines were exported mostly to France ($57.6M), United States ($53.9M), Hong Kong ($25.7M), Russia ($18.1M), and Germany ($14.8M), and were imported mostly from United States ($755M), France ($221M), Japan ($53M), Germany ($33.2M), and United Kingdom ($30.5M).

Growth In December 2024, the decrease in Gas Turbines's year-by-year exports was explained primarily by a decrease in exports to France ($-15.4M or -30.3%), Mexico ($-7.85M or -79.5%), and Germany ($-7.13M or -35.1%). In December 2024, the increase in Gas Turbines's year-by-year imports was explained primarily by an increase in imports from United States ($166M or 32.6%), France ($140M or 159%), and United Kingdom ($42.6M or 170%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-6.99M(-2.21%)
IMPORT GROWTH (December 2023 - December 2024)$139M(12.7%)
MAIN EXPORTER (December 2024)Beijing$105M
MAIN DESTINATION (December 2024)France$57.6M

This section shows Gas Turbines's exports and imports data at subnational level for China. 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
EXPORTS (2023)$8.04B
IMPORTS (2023)$14B
NET TRADE (2023)-$5.96B

In 2023, China exported $8.04B in Gas Turbines. The main destinations of China exports on Gas Turbines were Hong Kong ($4.26B), France ($880M), United States ($462M), Germany ($281M), and Singapore ($244M).

In 2023, China imported $14B in Gas Turbines, mainly from Hong Kong ($4.96B), United States ($3.83B), France ($2.24B), United Kingdom ($524M), and Germany ($357M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Gas Turbines EXPORT MARKETS FOR China WERE (2022 - 2023):
Hong Kong$609M (16.7%)
France$281M (47%)
Russia$119M (879%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gas Turbines BY China WERE (2022 - 2023):
Singapore-$127M (-34.2%)
Japan-$57M (-48.8%)
Romania-$56.7M (-67.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Gas Turbines were:
United States $69.3B
United Kingdom $29.1B
France $19.2B
In 2023, China's main importing competitors in Gas Turbines were:
United States $29.8B
Hong Kong $16.5B
Germany $14.4B

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Trade Value of Gas Turbines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $338M
TOP IMPORT POTENTIALUnited Kingdom+ $366M

Gas Turbines’s highest export potential is United States. With an export gap of $338M.   Gas Turbines’s highest import potential is United Kingdom with an import gap of $366M.

See methodology.

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