2022
Exports
$2.48BWorld Rnk 14 / 192
Flag Rnk 26 / 1212
2022
PRODUCT COMPLEXITY IN Gas Turbines
0.71Rnk 270 / 1025
2022
Imports
$2.77BWorld Rnk 15 / 207
Flag Rnk 32 / 1206
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $2.48B in Gas Turbines, making it the 14th largest exporter of Gas Turbines in the world. At the same year, Gas Turbines was the 26th most exported product in India. The main destination of Gas Turbines exports from India are: United States ($743M), Singapore ($349M), France ($249M), Germany ($241M), and Poland ($210M).

The fastest growing export markets for Gas Turbines of India between 2021 and 2022 were Singapore ($170M), France ($124M), and United States ($91.5M).

Imports In 2022, India imported $2.77B in Gas Turbines, becoming the 15th largest importer of Gas Turbines in the world. At the same year, Gas Turbines was the 32nd most imported product in India. India imports Gas Turbines primarily from: Singapore ($634M), France ($340M), United States ($322M), United Kingdom ($289M), and Poland ($239M).

The fastest growing import markets in Gas Turbines for India between 2021 and 2022 were Singapore ($395M), Hong Kong ($112M), and Turkey ($100M).

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

Oct 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)$2.48B
IMPORTS (2022)$2.77B
NET TRADE (2022)-$288M

In 2022, India exported $2.48B in Gas Turbines. The main destinations of India exports on Gas Turbines were United States ($743M), Singapore ($349M), France ($249M), Germany ($241M), and Poland ($210M).

In 2022, India imported $2.77B in Gas Turbines, mainly from Singapore ($634M), France ($340M), United States ($322M), United Kingdom ($289M), and Poland ($239M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gas Turbines EXPORT MARKETS FOR India WERE (2021 - 2022):
Singapore$170M (94.3%)
France$124M (99.8%)
United States$91.5M (14.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gas Turbines BY India WERE (2021 - 2022):
Saudi Arabia-$97.5M (-98.2%)
Japan-$50.7M (-32.4%)
United Kingdom-$50.2M (-22.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Gas Turbines were:
In 2022, 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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