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840690 (Harmonized System 1992 for 6-digit)

2022
World Trade $2.5BRnk 1293 / 4648
2022
Top Exporter | Top Importer $445M | $171MJapan | United Kingdom
2022
Product Complexity 0.83Rnk 1057 / 4653
2021 - 2022
Export Growth (CAGR) -15%Rnk 4171 / 4648
2022
Share of World Trade 0.011%Rnk 1293 / 4648

About

Overview This page contains the latest trade data of Parts of steam and vapour turbines. In 2022, Parts of steam and vapour turbines were the world's 1293rd most traded product, with a total trade of $2.5B. Between 2021 and 2022 the exports of Parts of steam and vapour turbines decreased by -15%, from $2.95B to $2.5B. Trade in Parts of steam and vapour turbines represent 0.011% of total world trade.

Parts of steam and vapour turbines are a part of Steam Turbines.

Exports In 2022 the top exporters of Parts of steam and vapour turbines  were Japan ($445M), China ($298M), Germany ($297M), United States ($264M), and Italy ($165M).

Imports In 2022 the top importers of Parts of steam and vapour turbines were United Kingdom ($171M), Bangladesh ($170M), Germany ($166M), United States ($133M), and China ($103M).

Ranking Parts of steam and vapour turbines ranks 1057th in the Product Complexity Index (PCI).

Description Steam turbines use heat to create steam as a way to make electricity. This steam is then passed through a turbine. The turbine blades spin and the steam spins the blades, creating a spinning motion that can be used to generate electricity. Vapor turbines put the steam back into water to create more power.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Parts of steam and vapour 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 (2022)Japan$445M
Top Destination (2022)United Kingdom$171M

In 2022 Parts of steam and vapour turbines were the world's 1293rd most traded product (out of 4,648).

In 2022, the top exporters of Parts of steam and vapour turbines were Japan ($445M), China ($298M), Germany ($297M), United States ($264M), and Italy ($165M).

In 2022, the top importers of Parts of steam and vapour turbines were United Kingdom ($171M), Bangladesh ($170M), Germany ($166M), United States ($133M), and China ($103M).

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Exporters of Parts of steam and vapour turbines (2022)
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Importers of Parts of steam and vapour turbines (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Japan$108M
Top Destination Growth (2021 -  2022)Vietnam$66.2M

Between 2021 and 2022, the exports of Parts of steam and vapour turbines grew the fastest in Japan ($108M), United Kingdom ($50.1M), France ($44M), Italy ($36.3M), and Germany ($35.4M).

Between 2021 and 2022, the fastest growing importers of Parts of steam and vapour turbines were Vietnam ($66.2M), United Kingdom ($59.7M), Germany ($57.4M), Saudi Arabia ($39.6M), and Turkey ($29.6M).

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Exporters of Parts of steam and vapour turbines (2021 - 2022)

Importers of Parts of steam and vapour turbines (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Parts of steam and vapour turbines.

In 2022, market concentration measured using Shannon Entropy, was 4.12. This means that most of the exports of Parts of steam and vapour turbines are explained by 17 countries.

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Value of Exports in Parts of steam and vapour turbines

Net Trade

TOP NET EXPORTER (2022)Japan$351M
TOP NET IMPORTER (2022)Bangladesh$164M

This map shows which countries export or import more of Parts of steam and vapour turbines. Each country is colored based on the difference in exports and imports of Parts of steam and vapour turbines during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Parts of steam and vapour turbines were Japan ($351M), China ($195M), United States ($131M), Germany ($131M), and Italy ($122M).

In 2022, the countries that had a largest trade value in imports than in exports of Parts of steam and vapour turbines were Bangladesh ($164M), Indonesia ($97M), Saudi Arabia ($83.3M), Turkey ($81.9M), and Vietnam ($79.9M).

Net Trade (2022)

Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Parts of steam and vapour 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 (2022)

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