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Parts of gas turbine engines except turbo-jet/prop

841199 (Harmonized System 1992 for 6-digit)

2022
World Trade $20.7BRnk 164 / 4648
2022
Top Exporter | Top Importer $4.82B | $3.02BUnited States | United States
2022
Product Complexity 1.52Rnk 173 / 4653
2021 - 2022
Export Growth (CAGR) 3.1%Rnk 2507 / 4648
2022
Share of World Trade 0.087%Rnk 164 / 4648

About

Overview This page contains the latest trade data of Parts of gas turbine engines except turbo-jet/prop. In 2022, Parts of gas turbine engines except turbo-jet/prop were the world's 164th most traded product, with a total trade of $20.7B. Between 2021 and 2022 the exports of Parts of gas turbine engines except turbo-jet/prop grew by 3.1%, from $20.1B to $20.7B. Trade in Parts of gas turbine engines except turbo-jet/prop represent 0.087% of total world trade.

Parts of gas turbine engines except turbo-jet/prop are a part of Gas Turbines.

Exports In 2022 the top exporters of Parts of gas turbine engines except turbo-jet/prop  were United States ($4.82B), Italy ($1.87B), Germany ($1.66B), Japan ($1.46B), and United Kingdom ($1.19B).

Imports In 2022 the top importers of Parts of gas turbine engines except turbo-jet/prop were United States ($3.02B), Germany ($1.21B), Italy ($1.16B), China ($905M), and Mexico ($849M).

Ranking Parts of gas turbine engines except turbo-jet/prop ranks 173rd in the Product Complexity Index (PCI).

Description The common uses of parts of gas turbine engines are as follows: Turbo-jet: Turbines provide power to the compressors which provide air to the combustion chamber. The high-pressure air is mixed with fuel and ignited, the expanding gases driving the turbine which in turn drives the compressor. Turbo-prop: Turbines provide power to the compressors which provide air to the combustion chamber. This air is mixed with fuel and ignited, the expanding gases driving the turbine which in turn drives the compressor. Jet turbine: Turbines provide power

Latest Trends

Latest Data

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The following visualization shows the latest trends on Parts of gas turbine engines except turbo-jet/prop. 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 (2022)United States$4.82B
Top Destination (2022)United States$3.02B

In 2022 Parts of gas turbine engines except turbo-jet/prop were the world's 164th most traded product (out of 4,648).

In 2022, the top exporters of Parts of gas turbine engines except turbo-jet/prop were United States ($4.82B), Italy ($1.87B), Germany ($1.66B), Japan ($1.46B), and United Kingdom ($1.19B).

In 2022, the top importers of Parts of gas turbine engines except turbo-jet/prop were United States ($3.02B), Germany ($1.21B), Italy ($1.16B), China ($905M), and Mexico ($849M).

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Exporters of Parts of gas turbine engines except turbo-jet/prop (2022)
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Importers of Parts of gas turbine engines except turbo-jet/prop (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Hungary$348M
Top Destination Growth (2021 -  2022)Kuwait$391M

Between 2021 and 2022, the exports of Parts of gas turbine engines except turbo-jet/prop grew the fastest in Hungary ($348M), China ($205M), Malaysia ($153M), Canada ($149M), and United Kingdom ($125M).

Between 2021 and 2022, the fastest growing importers of Parts of gas turbine engines except turbo-jet/prop were Kuwait ($391M), United States ($222M), Italy ($166M), United Kingdom ($148M), and Argentina ($137M).

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Exporters of Parts of gas turbine engines except turbo-jet/prop (2021 - 2022)

Importers of Parts of gas turbine engines except turbo-jet/prop (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Parts of gas turbine engines except turbo-jet/prop.

In 2022, market concentration measured using Shannon Entropy, was 4.18. This means that most of the exports of Parts of gas turbine engines except turbo-jet/prop are explained by 18 countries.

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Value of Exports in Parts of gas turbine engines except turbo-jet/prop

Net Trade

TOP NET EXPORTER (2022)United States$1.8B
TOP NET IMPORTER (2022)Saudi Arabia$475M

This map shows which countries export or import more of Parts of gas turbine engines except turbo-jet/prop. Each country is colored based on the difference in exports and imports of Parts of gas turbine engines except turbo-jet/prop during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Parts of gas turbine engines except turbo-jet/prop were United States ($1.8B), Japan ($1.07B), Switzerland ($733M), Italy ($701M), and Hungary ($485M).

In 2022, the countries that had a largest trade value in imports than in exports of Parts of gas turbine engines except turbo-jet/prop were Saudi Arabia ($475M), Kuwait ($418M), South Korea ($387M), Singapore ($358M), and Thailand ($264M).

Net Trade (2022)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Parts of gas turbine engines except turbo-jet/prop.
It is possible to select the main countries that export or import Parts of gas turbine engines except turbo-jet/prop in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Parts of gas turbine engines except turbo-jet/prop 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 (2022)

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