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2022
Exports $3.81BWorld Rnk 10 / 192
Flag Rnk 187 / 1216
2022
Destination $201M Hong Kong
2021 - 2022
FASTEST GROWING MARKET $201MSingapore
2022
PRODUCT COMPLEXITY IN Gas Turbines0.71Rnk 270 / 1025
2022
Imports $9.91BWorld Rnk 3 / 207
Flag Rnk 29 / 1212
2022
Origin $422M Hong Kong
2021 - 2022
FASTEST GROWING ORIGIN $422MGermany
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $3.81B in Gas Turbines, making it the 10th largest exporter of Gas Turbines in the world. At the same year, Gas Turbines was the 187th most exported product in China. The main destination of Gas Turbines exports from China are: Hong Kong ($662M), France ($575M), United States ($521M), Singapore ($297M), and Germany ($186M).

The fastest growing export markets for Gas Turbines of China between 2021 and 2022 were Singapore ($201M), Hong Kong ($135M), and United Kingdom ($92.5M).

Imports In 2022, China imported $9.91B in Gas Turbines, becoming the 3rd largest importer of Gas Turbines in the world. At the same year, Gas Turbines was the 29th most imported product in China. China imports Gas Turbines primarily from: Hong Kong ($4.6B), France ($1.4B), United Kingdom ($586M), Germany ($583M), and Singapore ($556M).

The fastest growing import markets in Gas Turbines for China between 2021 and 2022 were Germany ($422M), France ($108M), and Poland ($80.3M).

COMPANIES In 2023, leading companies such as Schaeffler Group (45), GE RENEWABLES NORTH AMERICA LLC (24), and Euromarket Designs (22) were at the forefront of shipping Gas Turbines from China to the United States.

Latest Trends

July 2024

About

Overview In July 2024 China's Gas Turbines exports accounted up to $270M and imports accounted up to $1.27B, resulting in a negative trade balance of $997M. Between July 2023 and July 2024 the exports of China's   Gas Turbines have decreased by $-43M (-13.7%) from $313M to $270M, while imports increased by $315M (33.1%) from $953M to $1.27B.

Destinations In July 2024, Gas Turbines were exported mostly to United States ($87.2M), Hong Kong ($42.8M), France ($33.2M), South Korea ($14.1M), and Germany ($13.9M), and were imported mostly from United States ($716M), France ($243M), Germany ($92.6M), Japan ($44.1M), and United Kingdom ($22.1M).

Growth In July 2024, the decrease in Gas Turbines's year-by-year exports was explained primarily by a decrease in exports to Hong Kong ($-60.6M or -75.3%), South Korea ($-41.6M or -77.1%), and Singapore ($-11.4M or -52.4%). In July 2024, the increase in Gas Turbines's year-by-year imports was explained primarily by an increase in imports from United States ($78.5M or 18.3%), Sweden ($8.33M or 13.7k%), and Hungary ($6.46M or 533%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-43M(-13.7%)
IMPORT GROWTH (July 2023 - July 2024)$315M(33.1%)
MAIN EXPORTER (July 2024)Beijing$105M
MAIN DESTINATION (July 2024)United States$87.2M

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 (2022)$3.81B
IMPORTS (2022)$9.91B
NET TRADE (2022)-$6.1B

In 2022, China exported $3.81B in Gas Turbines. The main destinations of China exports on Gas Turbines were Hong Kong ($662M), France ($575M), United States ($521M), Singapore ($297M), and Germany ($186M).

In 2022, China imported $9.91B in Gas Turbines, mainly from Hong Kong ($4.6B), France ($1.4B), United Kingdom ($586M), Germany ($583M), and Singapore ($556M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gas Turbines EXPORT MARKETS FOR China WERE (2021 - 2022):
Singapore$201M (210%)
Hong Kong$135M (25.7%)
United Kingdom$92.5M (113%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gas Turbines BY China WERE (2021 - 2022):
Vietnam-$252M (-97.7%)
Netherlands-$189M (-83.1%)
Poland-$62.8M (-49.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Gas Turbines were:
United States $32.5B
United Kingdom $29.2B
France $13.6B
In 2022, China's main importing competitors in Gas Turbines were:
United States $26.2B
United Kingdom $11.5B

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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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