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840611 (Harmonized System 1992 for 6-digit)

2023
World Trade $94MRnk 4083 / 4644
2023
Top Exporter | Top Importer $74.7M | $74.7MNigeria | Cameroon
2023
Product Complexity 0.28Rnk 2060 / 4656
2022 - 2023
Export Growth (CAGR) 445%Rnk 6 / 4644
2023
Share of World Trade 0.00042%Rnk 4083 / 4644

About

Overview This page contains the latest trade data of Steam and vapour turbines for marine propulsion. In 2023, Steam and vapour turbines for marine propulsion were the world's 4083rd most traded product, with a total trade of $94M. Between 2022 and 2023 the exports of Steam and vapour turbines for marine propulsion grew by 445%, from $17.3M to $94M. Trade in Steam and vapour turbines for marine propulsion represent 0.00042% of total world trade.

Steam and vapour turbines for marine propulsion are a part of Steam Turbines.

Exports In 2023 the top exporters of Steam and vapour turbines for marine propulsion  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 Steam and vapour turbines for marine propulsion were Cameroon ($74.7M), India ($6.96M), Germany ($2.1M), Spain ($1.14M), and United States ($1.06M).

Ranking Steam and vapour turbines for marine propulsion ranks 2060th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Steam and vapour turbines for marine propulsion. 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 Steam and vapour turbines for marine propulsion were the world's 4083rd most traded product (out of 4,644).

In 2023, the top exporters of Steam and vapour turbines for marine propulsion 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 Steam and vapour turbines for marine propulsion were Cameroon ($74.7M), India ($6.96M), Germany ($2.1M), Spain ($1.14M), and United States ($1.06M).

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Exporters of Steam and vapour turbines for marine propulsion (2023)
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Importers of Steam and vapour turbines for marine propulsion (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 Steam and vapour turbines for marine propulsion grew the fastest in Nigeria ($74.7M), Germany ($6.93M), Bulgaria ($757k), United States ($748k), and Greece ($681k).

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

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Exporters of Steam and vapour turbines for marine propulsion (2022 - 2023)

Importers of Steam and vapour turbines for marine propulsion (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Steam and vapour turbines for marine propulsion.

In 2023, market concentration measured using Shannon Entropy, was 1.41. This means that most of the exports of Steam and vapour turbines for marine propulsion are explained by 2 countries.

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Value of Exports in Steam and vapour turbines for marine propulsion

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 Steam and vapour turbines for marine propulsion. Each country is colored based on the difference in exports and imports of Steam and vapour turbines for marine propulsion during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Steam and vapour turbines for marine propulsion were Nigeria ($74.4M), Germany ($5.3M), Poland ($2.26M), Italy ($1.01M), and United Kingdom ($993k).

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

Net Trade (2023)

Country Comparison

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

Top 10 Exporters Countries of Steam and vapour turbines for marine propulsion 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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