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Pricing

2022
Exports $32.5BWorld Rnk 1 / 192
Flag Rnk 13 / 1217
2022
Destination $1.42B France
2021 - 2022
FASTEST GROWING MARKET $1.42BUnited Arab Emirates
2022
PRODUCT COMPLEXITY IN Gas Turbines0.71Rnk 270 / 1025
2022
Imports $26.2BWorld Rnk 1 / 207
Flag Rnk 15 / 1216
2022
Origin $737M France
2021 - 2022
FASTEST GROWING ORIGIN $737MUnited Kingdom
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $32.5B in Gas Turbines, making it the 1st largest exporter of Gas Turbines in the world. At the same year, Gas Turbines was the 13th most exported product in United States. The main destination of Gas Turbines exports from United States are: France ($3.31B), Germany ($2.94B), United Kingdom ($2.58B), Brazil ($1.95B), and Canada ($1.92B).

The fastest growing export markets for Gas Turbines of United States between 2021 and 2022 were United Arab Emirates ($1.42B), Brazil ($1.18B), and Qatar ($1.09B).

Imports In 2022, United States imported $26.2B in Gas Turbines, becoming the 1st largest importer of Gas Turbines in the world. At the same year, Gas Turbines was the 15th most imported product in United States. United States imports Gas Turbines primarily from: France ($4.57B), Canada ($3.87B), United Kingdom ($3.65B), Mexico ($2.15B), and Japan ($2.02B).

The fastest growing import markets in Gas Turbines for United States between 2021 and 2022 were United Kingdom ($737M), France ($724M), and Canada ($549M).

COMPANIES In 2023, leading companies such as BOEING (64), Schaeffler Group (51), and GE RENEWABLES NORTH AMERICA LLC (31) were at the forefront of shipping Gas Turbines to the United States.

Latest Trends

September 2024

About

Overview In September 2024 United States' Gas Turbines exports accounted up to $1.26B and imports accounted up to $2.56B, resulting in a negative trade balance of $1.3B. Between September 2023 and September 2024 the exports of United States'   Gas Turbines have increased by $152M (13.7%) from $1.11B to $1.26B, while imports decreased by $-2.74M (-0.11%) from $2.57B to $2.56B.

Destinations In September 2024, Gas Turbines were exported mostly to Canada ($120M), Hungary ($113M), Mexico ($102M), Italy ($76.5M), and South Korea ($66.2M), and were imported mostly from France ($521M), Canada ($480M), Germany ($324M), United Kingdom ($264M), and Japan ($171M).

Growth In September 2024, the increase in Gas Turbines's year-by-year exports was explained primarily by an increase in exports to Mexico ($58.3M or 64.9%), Saudi Arabia ($29.6M or 179%), and Belgium ($24M or 681%). In September 2024, the decrease in Gas Turbines's year-by-year imports was explained primarily by a decrease in imports from Turkey ($-17.9M or -39.5%), Brazil ($-3.3M or -87.1%), and Chinese Taipei ($-2.27M or -11.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$152M(13.7%)
IMPORT GROWTH (September 2023 - September 2024)$-2.74M(-0.11%)
MAIN EXPORTER (September 2024)Georgia$337M
MAIN DESTINATION (September 2024)Canada$120M

This section shows Gas Turbines's exports and imports data at subnational level for United States. 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)$32.5B
IMPORTS (2022)$26.2B
NET TRADE (2022)$6.31B

In 2022, United States exported $32.5B in Gas Turbines. The main destinations of United States exports on Gas Turbines were France ($3.31B), Germany ($2.94B), United Kingdom ($2.58B), Brazil ($1.95B), and Canada ($1.92B).

In 2022, United States imported $26.2B in Gas Turbines, mainly from France ($4.57B), Canada ($3.87B), United Kingdom ($3.65B), Mexico ($2.15B), and Japan ($2.02B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gas Turbines EXPORT MARKETS FOR United States WERE (2021 - 2022):
United Arab Emirates$1.42B (327%)
Brazil$1.18B (155%)
Qatar$1.09B (399%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gas Turbines BY United States WERE (2021 - 2022):
China-$1.84B (-79.5%)
Singapore-$1.29B (-44.5%)
United Kingdom-$957M (-27%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Gas Turbines were:
United Kingdom $29.2B
France $13.6B
In 2022, United States's main importing competitors in Gas Turbines were:
United Kingdom $11.5B
China $9.91B

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Trade Value of Gas Turbines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $476M
TOP IMPORT POTENTIALCanada+ $964M

Gas Turbines’s highest export potential is Canada. With an export gap of $476M.   Gas Turbines’s highest import potential is Canada with an import gap of $964M.

See methodology.

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