2022
Exports
$7.92BWorld Rnk 5 / 192
Flag Rnk 3 / 1177
2022
PRODUCT COMPLEXITY IN Gas Turbines
0.71Rnk 270 / 1025
2022
Imports
$8.23BWorld Rnk 6 / 207
Flag Rnk 12 / 1207
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $7.92B in Gas Turbines, making it the 5th largest exporter of Gas Turbines in the world. At the same year, Gas Turbines was the 3rd most exported product in Hong Kong. The main destination of Gas Turbines exports from Hong Kong are: China ($4.6B), Chinese Taipei ($538M), Japan ($375M), Vietnam ($331M), and Turkey ($294M).

The fastest growing export markets for Gas Turbines of Hong Kong between 2021 and 2022 were Japan ($286M), Macau ($278M), and Turkey ($207M).

Imports In 2022, Hong Kong imported $8.23B in Gas Turbines, becoming the 6th largest importer of Gas Turbines in the world. At the same year, Gas Turbines was the 12th most imported product in Hong Kong. Hong Kong imports Gas Turbines primarily from: United Kingdom ($2.6B), Singapore ($1.12B), Chinese Taipei ($732M), China ($662M), and Japan ($633M).

The fastest growing import markets in Gas Turbines for Hong Kong between 2021 and 2022 were United Kingdom ($575M), Chinese Taipei ($542M), and Japan ($402M).

COMPANIES In 2023, leading companies such as L'Oreal (6) and John Deere (2) were at the forefront of shipping Gas Turbines from Hong Kong to the United States.

Latest Trends

Aug 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

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

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

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$7.92B
IMPORTS (2022)$8.23B
NET TRADE (2022)-$305M

In 2022, Hong Kong exported $7.92B in Gas Turbines. The main destinations of Hong Kong exports on Gas Turbines were China ($4.6B), Chinese Taipei ($538M), Japan ($375M), Vietnam ($331M), and Turkey ($294M).

In 2022, Hong Kong imported $8.23B in Gas Turbines, mainly from United Kingdom ($2.6B), Singapore ($1.12B), Chinese Taipei ($732M), China ($662M), and Japan ($633M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gas Turbines EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
Japan$286M (319%)
Macau$278M (1.34M%)
Turkey$207M (238%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gas Turbines BY Hong Kong WERE (2021 - 2022):
China-$739M (-13.8%)
Singapore-$434M (-97.7%)
United Kingdom-$288M (-99.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hong Kong's main exporting competitors in Gas Turbines were:
In 2022, Hong Kong's main importing competitors in Gas Turbines were:

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Trade Value of Gas Turbines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $226M
TOP IMPORT POTENTIALChina+ $175M

Gas Turbines’s highest export potential is United States. With an export gap of $226M.   Gas Turbines’s highest import potential is China with an import gap of $175M.

See methodology.

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