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840610 (Harmonized System 1996 for 6-digit)

2023
World Trade $94MRnk 4187 / 4766
2023
Top Exporter | Top Importer $74.7M | $74.7MNigeria | Cameroon
2023
Product Complexity 0.3Rnk 2103 / 4780
2022 - 2023
Export Growth (CAGR) 444%Rnk 5 / 4766
2023
Share of World Trade 0.00042%Rnk 4187 / 4766

About

Overview This page contains the latest trade data of Marine Steam Turbines. In 2023, Marine Steam Turbines were the world's 4187th most traded product, with a total trade of $94M. Between 2022 and 2023 the exports of Marine Steam Turbines grew by 444%, from $17.3M to $94M. Trade in Marine Steam Turbines represent 0.00042% of total world trade.

Marine Steam Turbines are a part of Turbines; steam and other vapour turbines.

Exports In 2023 the top exporters of Marine Steam Turbines  were Nigeria ($74.7M), Germany ($7.4M), Poland ($2.28M), United States ($1.26M), and United Kingdom ($1.15M).

Imports In 2023 the top importers of Marine Steam Turbines were Cameroon ($74.7M), India ($6.96M), Germany ($2.1M), Spain ($1.14M), and United States ($1.06M).

Ranking Marine Steam Turbines ranks 2103rd in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Marine Steam Turbines. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Nigeria$74.7M
Top Destination (2023)Cameroon$74.7M

In 2023 Marine Steam Turbines were the world's 4187th most traded product (out of 4,766).

In 2023, the top exporters of Marine Steam Turbines were Nigeria ($74.7M), Germany ($7.4M), Poland ($2.28M), United States ($1.26M), and United Kingdom ($1.15M).

In 2023, the top importers of Marine Steam Turbines were Cameroon ($74.7M), India ($6.96M), Germany ($2.1M), Spain ($1.14M), and United States ($1.06M).

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Exporters of Marine Steam Turbines (2023)
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Importers of Marine Steam Turbines (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Nigeria$74.7M
Top Destination Growth (2022 -  2023)Cameroon$74.7M

Between 2022 and 2023, the exports of Marine Steam Turbines grew the fastest in Nigeria ($74.7M), Germany ($6.93M), Bulgaria ($757k), United States ($749k), and Greece ($681k).

Between 2022 and 2023, the fastest growing importers of Marine Steam Turbines were Cameroon ($74.7M), India ($6.72M), Germany ($2.08M), Bulgaria ($680k), and Trinidad and Tobago ($641k).

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Exporters of Marine Steam Turbines (2022 - 2023)

Importers of Marine Steam Turbines (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Marine Steam Turbines.

In 2023, market concentration measured using Shannon Entropy, was 1.41. This means that most of the exports of Marine Steam Turbines are explained by 2 countries.

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Value of Exports in Marine Steam Turbines

Net Trade

TOP NET EXPORTER (2023)Nigeria$74.4M
TOP NET IMPORTER (2023)India$6.64M

This map shows which countries export or import more of Marine Steam Turbines. Each country is colored based on the difference in exports and imports of Marine Steam Turbines during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Marine Steam Turbines were Nigeria ($74.4M), Germany ($5.3M), Poland ($2.26M), Italy ($1.01M), and United Kingdom ($992k).

In 2023, the countries that had a largest trade value in imports than in exports of Marine Steam Turbines were India ($6.64M), Spain ($1.12M), Sweden ($241k), Canada ($213k), and Hong Kong ($193k).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Marine Steam Turbines.
It is possible to select the main countries that export or import Marine Steam Turbines in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Marine Steam Turbines by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

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