The United Kingdom leads the global gas turbine engine exports in 2023, with a value of $19.37 billion. France and the United States follow, exporting goods valued at $11.55 billion and $10.27 billion, respectively. Germany and Singapore complete the top five. Over the past two years, noticeable growth rates are seen in exports from Canada and Japan, whereas Germany shows modest fluctuations. The compound annual growth rate (CAGR) over the last five years indicates stable markets with gradual expansion.
Future trends to watch include:
- Technological advancements and innovations influencing export dynamics.
- Policy changes affecting international trade and tariffs.
- Growing demand in emerging markets driving export volume changes.
- Shift towards sustainable and energy-efficient turbine technologies.
Top countries in Top Exporters of Gas Turbine Engine
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 United Kingdom | 19,370 | 2016 | |
| 2 | 2 France | 11,550 | 2016 | |
| 3 | 3 United States | 10,270 | 2016 | |
| 4 | 4 Germany | 8,170 | 2016 | |
| 5 | 5 Singapore | 5,940 | 2016 | |
| 6 | 6 Canada | 5,210 | 2016 | |
| 7 | 7 Japan | 4,570 | 2016 | |
| 8 | 8 Hong Kong | 3,940 | 2016 | |
| 9 | 9 China | 3,860 | 2016 | |
| 10 | 10 Italy | 3,710 | 2016 |
