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2022
Exports $29.2BWorld Rnk 2 / 192
Flag Rnk 3 / 1216
2022
Destination $1.73B United States
2021 - 2022
FASTEST GROWING MARKET $1.73BUnited Kingdom
2022
PRODUCT COMPLEXITY IN Gas Turbines0.71Rnk 270 / 1025
2022
Imports $11.5BWorld Rnk 2 / 207
Flag Rnk 10 / 1214
2022
Origin $1.73B United Kingdom
2021 - 2022
FASTEST GROWING ORIGIN $1.73BUnited Kingdom
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $29.2B in Gas Turbines, making it the 2nd largest exporter of Gas Turbines in the world. At the same year, Gas Turbines was the 3rd most exported product in United Kingdom. The main destination of Gas Turbines exports from United Kingdom are: United States ($3.65B), United Kingdom ($3.13B), Singapore ($2.87B), Hong Kong ($2.6B), and Germany ($2.36B).

The fastest growing export markets for Gas Turbines of United Kingdom between 2021 and 2022 were United Kingdom ($1.73B), Singapore ($767M), and United States ($737M).

Imports In 2022, United Kingdom imported $11.5B in Gas Turbines, becoming the 2nd largest importer of Gas Turbines in the world. At the same year, Gas Turbines was the 10th most imported product in United Kingdom. United Kingdom imports Gas Turbines primarily from: United Kingdom ($3.13B), United States ($2.58B), France ($1.36B), Spain ($652M), and Japan ($552M).

The fastest growing import markets in Gas Turbines for United Kingdom between 2021 and 2022 were United Kingdom ($1.73B), Spain ($347M), and France ($304M).

COMPANIES In 2023, leading companies such as Amazon (2), Heineken (1), and Rolls-Royce (1) were at the forefront of shipping Gas Turbines from United Kingdom to the United States.

Latest Trends

September 2024

About

Overview In September 2024 United Kingdom's Gas Turbines exports accounted up to £1.77B and imports accounted up to £958M, resulting in a positive trade balance of £813M. Between September 2023 and September 2024 the exports of United Kingdom's   Gas Turbines have decreased by £-447M (-20.2%) from £2.22B to £1.77B, while imports decreased by £-526M (-35.4%) from £1.48B to £958M.

Destinations In September 2024, Gas Turbines were exported mostly to Hong Kong (£266M), Singapore (£244M), United States (£233M), Germany (£163M), and France (£143M), and were imported mostly from United States (£377M), Germany (£115M), Spain (£59.5M), Singapore (£59.4M), and Japan (£59.3M).

Growth In September 2024, the decrease in Gas Turbines's year-by-year exports was explained primarily by a decrease in exports to Netherlands (£-133M or -72.8%), India (£-58.1M or -62.1%), and China (£-27.7M or -74.4%). In September 2024, the decrease in Gas Turbines's year-by-year imports was explained primarily by a decrease in imports from Saudi Arabia (£-35.3M or -45.8%), Belgium (£-34M or -97.5%), and Portugal (£-21.4M or -93.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)£-447M(-20.2%)
IMPORT GROWTH (September 2023 - September 2024)£-526M(-35.4%)
MAIN EXPORTER (September 2024)London Heathrow Airport£1.09B
MAIN DESTINATION (September 2024)Hong Kong£266M

This section shows Gas Turbines's exports and imports data at subnational level for United Kingdom. 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)$29.2B
IMPORTS (2022)$11.5B
NET TRADE (2022)$17.7B

In 2022, United Kingdom exported $29.2B in Gas Turbines. The main destinations of United Kingdom exports on Gas Turbines were United States ($3.65B), United Kingdom ($3.13B), Singapore ($2.87B), Hong Kong ($2.6B), and Germany ($2.36B).

In 2022, United Kingdom imported $11.5B in Gas Turbines, mainly from United Kingdom ($3.13B), United States ($2.58B), France ($1.36B), Spain ($652M), and Japan ($552M).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Gas Turbines EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
United Kingdom$1.73B (124%)
Singapore$767M (36.4%)
United States$737M (25.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gas Turbines BY United Kingdom WERE (2021 - 2022):
Qatar-$363M (-51.1%)
Russia-$219M (-97.4%)
China-$190M (-24.5%)
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Change in Exports by Market (undefined - undefined)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Gas Turbines were:
United States $32.5B
France $13.6B
In 2022, United Kingdom's main importing competitors in Gas Turbines were:
United States $26.2B
China $9.91B

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Trade Value of Gas Turbines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $366M
TOP IMPORT POTENTIALUnited States+ $146M

Gas Turbines’s highest export potential is China. With an export gap of $366M.   Gas Turbines’s highest import potential is United States with an import gap of $146M.

See methodology.

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