2023
Exports
$2.47BWorld Rnk 13 / 199
Flag Rnk 25 / 1212
2023
PRODUCT COMPLEXITY IN Gas Turbines
0.7Rnk 283 / 1025
2023
Imports
$4.34BWorld Rnk 12 / 210
Flag Rnk 19 / 1208
2023
ECONOMIC COMPLEXITY of India
0.65Rnk 39 / 132

About

Exports In 2023, India exported $2.47B in Gas Turbines, making it the 13th largest exporter of Gas Turbines in the world. At the same year, Gas Turbines was the 25th most exported product in India. The main destination of Gas Turbines exports from India are: South Korea ($297M), Germany ($292M), United States ($232M), Singapore ($230M), and France ($195M).

The fastest growing export markets for Gas Turbines of India between 2022 and 2023 were South Korea ($286M), Malaysia ($152M), and France ($102M).

Imports In 2023, India imported $4.34B in Gas Turbines, becoming the 12th largest importer of Gas Turbines in the world. At the same year, Gas Turbines was the 19th most imported product in India. India imports Gas Turbines primarily from: United States ($2.39B), France ($1.09B), United Kingdom ($179M), United Arab Emirates ($92.2M), and Poland ($85.4M).

The fastest growing import markets in Gas Turbines for India between 2022 and 2023 were United States ($1.37B), France ($685M), and United Arab Emirates ($66.9M).

COMPANIES In 2023, leading companies such as AGCO (2) and Walmart (1) were at the forefront of shipping Gas Turbines from India to the United States.

Latest Trends

Dec 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 (2023)$2.47B
IMPORTS (2023)$4.34B
NET TRADE (2023)-$1.87B

In 2023, India exported $2.47B in Gas Turbines. The main destinations of India exports on Gas Turbines were South Korea ($297M), Germany ($292M), United States ($232M), Singapore ($230M), and France ($195M).

In 2023, India imported $4.34B in Gas Turbines, mainly from United States ($2.39B), France ($1.09B), United Kingdom ($179M), United Arab Emirates ($92.2M), and Poland ($85.4M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Gas Turbines EXPORT MARKETS FOR India WERE (2022 - 2023):
South Korea$286M (2.65k%)
Malaysia$152M (522%)
France$102M (109%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gas Turbines BY India WERE (2022 - 2023):
Poland-$101M (-46.6%)
United Kingdom-$27.2M (-15%)
United Arab Emirates-$15.2M (-52.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, India's main exporting competitors in Gas Turbines were:
In 2023, India'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+ $370M
TOP IMPORT POTENTIALUnited States+ $207M

Gas Turbines’s highest export potential is United States. With an export gap of $370M.   Gas Turbines’s highest import potential is United States with an import gap of $207M.

See methodology.

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