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840611 (Harmonized System 1992 for 6-digit)

2022
World Trade $18.7MRnk 4487 / 4648
2022
Top Exporter | Top Importer $4.85M | $5.94MPoland | United States
2022
Product Complexity 1.04Rnk 722 / 4653
2021 - 2022
Export Growth (CAGR) -25.5%Rnk 4412 / 4648
2022
Share of World Trade <0.01%Rnk 4487 / 4648

About

Overview This page contains the latest trade data of Steam and vapour turbines for marine propulsion. In 2022, Steam and vapour turbines for marine propulsion were the world's 4487th most traded product, with a total trade of $18.7M. Between 2021 and 2022 the exports of Steam and vapour turbines for marine propulsion decreased by -25.5%, from $25M to $18.7M. Trade in Steam and vapour turbines for marine propulsion represent 0.000079% of total world trade.

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

Exports In 2022 the top exporters of Steam and vapour turbines for marine propulsion  were Poland ($4.85M), Japan ($3.52M), United Kingdom ($2.06M), Italy ($1.31M), and Finland ($719k).

Imports In 2022 the top importers of Steam and vapour turbines for marine propulsion were United States ($5.94M), Kuwait ($1.73M), Ethiopia ($1.66M), Finland ($808k), and South Africa ($789k).

Ranking Steam and vapour turbines for marine propulsion ranks 722nd in the Product Complexity Index (PCI).

Description -

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 (2022)Poland$4.85M
Top Destination (2022)United States$5.94M

In 2022 Steam and vapour turbines for marine propulsion were the world's 4487th most traded product (out of 4,648).

In 2022, the top exporters of Steam and vapour turbines for marine propulsion were Poland ($4.85M), Japan ($3.52M), United Kingdom ($2.06M), Italy ($1.31M), and Finland ($719k).

In 2022, the top importers of Steam and vapour turbines for marine propulsion were United States ($5.94M), Kuwait ($1.73M), Ethiopia ($1.66M), Finland ($808k), and South Africa ($789k).

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Exporters of Steam and vapour turbines for marine propulsion (2022)
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Importers of Steam and vapour turbines for marine propulsion (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Poland$4.83M
Top Destination Growth (2021 -  2022)Kuwait$1.69M

Between 2021 and 2022, the exports of Steam and vapour turbines for marine propulsion grew the fastest in Poland ($4.83M), Japan ($3.45M), Finland ($713k), Thailand ($515k), and Slovenia ($513k).

Between 2021 and 2022, the fastest growing importers of Steam and vapour turbines for marine propulsion were Kuwait ($1.69M), Ethiopia ($1.66M), Finland ($808k), South Africa ($788k), and Japan ($581k).

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Exporters of Steam and vapour turbines for marine propulsion (2021 - 2022)

Importers of Steam and vapour turbines for marine propulsion (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 3.68. This means that most of the exports of Steam and vapour turbines for marine propulsion are explained by 12 countries.

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Value of Exports in Steam and vapour turbines for marine propulsion

Net Trade

TOP NET EXPORTER (2022)Poland$4.72M
TOP NET IMPORTER (2022)United States$5.42M

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Steam and vapour turbines for marine propulsion were Poland ($4.72M), Japan ($2.92M), United Kingdom ($1.47M), Italy ($711k), and Slovenia ($585k).

In 2022, the countries that had a largest trade value in imports than in exports of Steam and vapour turbines for marine propulsion were United States ($5.42M), South Africa ($747k), Spain ($706k), Singapore ($302k), and Norway ($265k).

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 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 (2022)

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