2022
Exports
$1.38MWorld Rnk 51 / 122
Flag Rnk 841 / 1177
2022
PRODUCT COMPLEXITY IN Steam Turbines
0.39Rnk 412 / 1025
2022
Imports
$45.9MWorld Rnk 22 / 191
Flag Rnk 413 / 1207
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $1.38M in Steam Turbines, making it the 51st largest exporter of Steam Turbines in the world. At the same year, Steam Turbines was the 841st most exported product in Hong Kong. The main destination of Steam Turbines exports from Hong Kong are: China ($961k), United Kingdom ($281k), India ($37.2k), United States ($22.9k), and United Arab Emirates ($14.8k).

The fastest growing export markets for Steam Turbines of Hong Kong between 2021 and 2022 were United Kingdom ($273k), India ($37.2k), and United Arab Emirates ($14.8k).

Imports In 2022, Hong Kong imported $45.9M in Steam Turbines, becoming the 22nd largest importer of Steam Turbines in the world. At the same year, Steam Turbines was the 413th most imported product in Hong Kong. Hong Kong imports Steam Turbines primarily from: Japan ($24.8M), Germany ($14M), United Kingdom ($4.59M), China ($2.12M), and Switzerland ($217k).

The fastest growing import markets in Steam Turbines for Hong Kong between 2021 and 2022 were Germany ($14M), Japan ($10.4M), and China ($2.06M).

COMPANIES In 2023, leading companies such as Panasonic (3) were at the forefront of shipping Steam Turbines from Hong Kong to the United States.

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

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

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

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.38M
IMPORTS (2022)$45.9M
NET TRADE (2022)-$44.6M

In 2022, Hong Kong exported $1.38M in Steam Turbines. The main destinations of Hong Kong exports on Steam Turbines were China ($961k), United Kingdom ($281k), India ($37.2k), United States ($22.9k), and United Arab Emirates ($14.8k).

In 2022, Hong Kong imported $45.9M in Steam Turbines, mainly from Japan ($24.8M), Germany ($14M), United Kingdom ($4.59M), China ($2.12M), and Switzerland ($217k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Steam Turbines EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
United Kingdom$273k (3.49k%)
India$37.2k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steam Turbines BY Hong Kong WERE (2021 - 2022):
China-$3.18M (-76.8%)
United States-$102k (-81.6%)
Philippines-$63.4k (-94.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hong Kong's main exporting competitors in Steam Turbines were:
In 2022, Hong Kong's main importing competitors in Steam Turbines were:

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Trade Value of Steam Turbines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $595k
TOP IMPORT POTENTIALChina+ $2.77M

Steam Turbines’s highest export potential is China. With an export gap of $595k.   Steam Turbines’s highest import potential is China with an import gap of $2.77M.

See methodology.

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