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2023
Exports $606MWorld Rnk 1 / 125
Flag Rnk 528 / 1215
2023
Destination $61.2M Indonesia
2022 - 2023
FASTEST GROWING MARKET $61.2MIndonesia
2023
PRODUCT COMPLEXITY IN Steam Turbines0.32Rnk 453 / 1025
2023
Imports $141MWorld Rnk 7 / 186
Flag Rnk 568 / 1214
2023
Origin $3.11M Japan
2022 - 2023
FASTEST GROWING ORIGIN $3.11MJapan
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $606M in Steam Turbines, making it the 1st largest exporter of Steam Turbines in the world. At the same year, Steam Turbines was the 528th most exported product in China. The main destination of Steam Turbines exports from China are: Indonesia ($223M), Bangladesh ($79.2M), Japan ($36.7M), Russia ($30.2M), and India ($28.5M).

The fastest growing export markets for Steam Turbines of China between 2022 and 2023 were Indonesia ($61.2M), Chinese Taipei ($17.4M), and Russia ($16.9M).

Imports In 2023, China imported $141M in Steam Turbines, becoming the 7th largest importer of Steam Turbines in the world. At the same year, Steam Turbines was the 568th most imported product in China. China imports Steam Turbines primarily from: Japan ($38.7M), Italy ($37.9M), Germany ($36.1M), Austria ($6.47M), and United States ($5.07M).

The fastest growing import markets in Steam Turbines for China between 2022 and 2023 were Japan ($3.11M), Austria ($1.94M), and United Kingdom ($1.64M).

COMPANIES In 2024, leading companies such as CrimsonLogic (262), Groupe SEB (91), and Conair (72) were at the forefront of shipping Steam Turbines from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Steam Turbines exports accounted up to $65.4M and imports accounted up to $39.4M, resulting in a positive trade balance of $25.9M. Between December 2023 and December 2024 the exports of China's   Steam Turbines have increased by $5.54M (9.26%) from $59.8M to $65.4M, while imports increased by $14.3M (57.2%) from $25.1M to $39.4M.

Destinations In December 2024, Steam Turbines were exported mostly to Indonesia ($11.7M), India ($9.19M), Germany ($8.86M), Russia ($8.38M), and Zambia ($2.96M), and were imported mostly from Italy ($28.2M), France ($8.06M), United States ($1.03M), Germany ($675k), and Poland ($558k).

Growth In December 2024, the increase in Steam Turbines's year-by-year exports was explained primarily by an increase in exports to Indonesia ($22M or 254%), Iran ($7.64M or 60.6k%), and United Arab Emirates ($4.06M or 9.68k%). In December 2024, the increase in Steam Turbines's year-by-year imports was explained primarily by an increase in imports from Japan ($20.2M or 1.86k%), Italy ($4.77M or 113%), and United States ($495k or 479%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$5.54M(9.26%)
IMPORT GROWTH (December 2023 - December 2024)$14.3M(57.2%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)Indonesia$11.7M

This section shows Steam Turbines's exports and imports data at subnational level for China. 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 Steam Turbines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$606M
IMPORTS (2023)$141M
NET TRADE (2023)$465M

In 2023, China exported $606M in Steam Turbines. The main destinations of China exports on Steam Turbines were Indonesia ($223M), Bangladesh ($79.2M), Japan ($36.7M), Russia ($30.2M), and India ($28.5M).

In 2023, China imported $141M in Steam Turbines, mainly from Japan ($38.7M), Italy ($37.9M), Germany ($36.1M), Austria ($6.47M), and United States ($5.07M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Steam Turbines EXPORT MARKETS FOR China WERE (2022 - 2023):
Indonesia$61.2M (37.8%)
Chinese Taipei$17.4M (333%)
Russia$16.9M (128%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steam Turbines BY China WERE (2022 - 2023):
Iran-$18M (-99.6%)
Malaysia-$16.5M (-77.3%)
Pakistan-$8.99M (-71.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Steam Turbines were:
Germany $559M
Japan $490M
In 2023, China's main importing competitors in Steam Turbines were:
Indonesia $401M
Turkey $239M
United States $222M

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Trade Value of Steam Turbines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $18.7M
TOP IMPORT POTENTIALJapan+ $12.2M

Steam Turbines’s highest export potential is India. With an export gap of $18.7M.   Steam Turbines’s highest import potential is Japan with an import gap of $12.2M.

See methodology.

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