Steam Turbines in United States | The Observatory of Economic Complexity

About

Exports In 2022, United States exported $332M in Steam Turbines, making it the 4th largest exporter of Steam Turbines in the world. At the same year, Steam Turbines was the 473rd most exported product in United States. The main destination of Steam Turbines exports from United States are: United Kingdom ($75.7M), Canada ($55.4M), Bangladesh ($22.7M), Nigeria ($19.2M), and Singapore ($14M).

The fastest growing export markets for Steam Turbines of United States between 2021 and 2022 were Nigeria ($18.9M), United Kingdom ($15.5M), and Canada ($13.1M).

Imports In 2022, United States imported $211M in Steam Turbines, becoming the 2nd largest importer of Steam Turbines in the world. At the same year, Steam Turbines was the 746th most imported product in United States. United States imports Steam Turbines primarily from: Japan ($74.6M), Germany ($24.6M), India ($17.1M), Poland ($13.4M), and Italy ($12.5M).

The fastest growing import markets in Steam Turbines for United States between 2021 and 2022 were Japan ($26.6M), Hungary ($5.29M), and France ($2.96M).

COMPANIES In 2023, leading companies such as CONAIR CORPORATION (123), GROUPE SEB USA (119), and GLOBAL ETRADE SERVICES INC (24) were at the forefront of shipping Steam Turbines to the United States.

Latest Trends

February 2024

About

Overview In February 2024 United States' Steam Turbines exports accounted up to $27.6M and imports accounted up to $19.8M, resulting in a positive trade balance of $7.88M. Between February 2023 and February 2024 the exports of United States' Steam Turbines have increased by $11M (66.6%) from $16.6M to $27.6M, while imports increased by $6.73M (51.6%) from $13M to $19.8M.

Destinations In February 2024, Steam Turbines were exported mostly to Saudi Arabia ($6.31M), United Kingdom ($5.17M), Canada ($3.14M), Mexico ($2.83M), and Japan ($1.73M), and were imported mostly from Poland ($3.76M), Brazil ($2.5M), Japan ($2.4M), Israel ($2.31M), and Italy ($2.1M).

Growth In February 2024, the increase in Steam Turbines's year-by-year exports was explained primarily by an increase in exports to United Kingdom ($1.57M or 26.9%), South Korea ($1.5M or 708%), and Turkey ($877k or 1.81k%). In February 2024, the increase in Steam Turbines's year-by-year imports was explained primarily by an increase in imports from Hungary ($3.07M or 4.5k%), Italy ($625k or 593%), and Sweden ($551k or 346%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$11M(66.6%)

IMPORT GROWTH (February 2023 - February 2024)$6.73M(51.6%)

MAIN EXPORTER (February 2024)Pennsylvania$11M

MAIN DESTINATION (February 2024)Saudi Arabia$6.31M

This section shows Steam 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 Steam Turbines over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$332M

IMPORTS (2022)$211M

NET TRADE (2022)$121M

In 2022, United States exported $332M in Steam Turbines. The main destinations of United States exports on Steam Turbines were United Kingdom ($75.7M), Canada ($55.4M), Bangladesh ($22.7M), Nigeria ($19.2M), and Singapore ($14M).

In 2022, United States imported $211M in Steam Turbines, mainly from Japan ($74.6M), Germany ($24.6M), India ($17.1M), Poland ($13.4M), and Italy ($12.5M).

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