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Steam turbines: top exporters and importers (2024)

In 2024, world trade in steam turbines totaled $4.1 billion (166 thousand tonnes). The top exporters were China (18%), Germany (15%) and Japan (12%); the top importers were Indonesia (13%), Turkey (9%) and the United States (8%). Compared with 2019, the value fell 2%.

Summary

World trade
$4.1billion
Tonnes
166thousand tonnes
Price per tonne
$24,482
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. China$750 million · 18.3%
  2. Germany$610 million · 14.9%
  3. Japan$495 million · 12.1%
  4. Italy$312 million · 7.6%
  5. United States$306 million · 7.5%
  6. Poland$212 million · 5.2%
  7. France$201 million · 4.9%
  8. Czechia$201 million · 4.9%
  9. India$188 million · 4.6%
  10. South Korea$134 million · 3.3%
  11. Russia$81 million · 2%
  12. United Kingdom$68 million · 1.7%
  13. Hungary$65 million · 1.6%
  14. Brazil$43 million · 1.1%
  15. Finland$42 million · 1%
  16. Switzerland$39 million · 0.96%
  17. Turkey$38 million · 0.93%
  18. Austria$38 million · 0.93%
  19. Sweden$24 million · 0.59%
  20. Netherlands$21 million · 0.52%
    re-exports

Top importers

  1. Indonesia$533 million · 13%
  2. Turkey$385 million · 9.4%
  3. United States$332 million · 8.1%
  4. China$274 million · 6.7%
  5. Germany$215 million · 5.3%
  6. United Kingdom$176 million · 4.3%
  7. Taiwan$131 million · 3.2%
  8. India$93 million · 2.3%
  9. Saudi Arabia$79 million · 1.9%
  10. Italy$79 million · 1.9%
  11. Malaysia$77 million · 1.9%
  12. Japan$76 million · 1.9%
  13. Poland$76 million · 1.9%
  14. Vietnam$75 million · 1.8%
  15. France$66 million · 1.6%
  16. Canada$65 million · 1.6%
  17. Dominican Republic$63 million · 1.5%
  18. Russia$59 million · 1.5%
  19. United Arab Emirates$57 million · 1.4%
  20. South Korea$55 million · 1.3%

Trend

Who sells it

China has been the top exporter since 2023

Value in USD billions. The five largest exporters in 2024.

  • China 0.75
  • Germany 0.61
  • Japan 0.5
  • Italy 0.31
  • United States 0.31

Source: CEPII BACI

Show the numbers
Country19952024
China0.010.75
Germany0.470.61
Japan0.510.5
Italy0.130.31
United States0.710.31

Price

Implied price

The price per tonne rose 68% since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $24,482

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$14,538
1996$20,282
1997$17,017
1998$20,539
1999$15,278
2000$17,716
2001$20,302
2002$20,332
2003$24,535
2004$22,095
2005$22,947
2006$25,325
2007$22,026
2008$27,207
2009$28,428
2010$32,549
2011$17,915
2012$36,017
2013$30,988
2014$29,529
2015$29,636
2016$28,403
2017$31,078
2018$27,814
2019$29,851
2020$27,399
2021$28,977
2022$23,002
2023$29,904
2024$24,482

What it includes

  • 8406 · Steam turbines

Products in the same chapter

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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