Hydraulic Turbines in China 2021 Exports | Imports : $287M | $11.1M, World Rnk 1 / 124 Rnk 664 / 1215 | World Rnk 33 / 189 Rnk 1011 / 1214
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $71.9M | $2.47M, Pakistan | Hong Kong
2021 ECONOMIC COMPLEXITY of China: 1.07, Rnk 25 / 131
2021 PRODUCT COMPLEXITY IN Hydraulic Turbines: 0.28, Rnk 447 / 1029
Exports In 2021, China exported $287M in Hydraulic Turbines, making it the 1st largest exporter of Hydraulic Turbines in the world. At the same year, Hydraulic Turbines was the 664th most exported product in China. The main destination of Hydraulic Turbines exports from China are: Pakistan ($108M), Vietnam ($30.6M), Russia ($18M), Tajikistan ($11.6M), and Tanzania ($11.1M).
The fastest growing export markets for Hydraulic Turbines of China between 2020 and 2021 were Pakistan ($71.9M), Tanzania ($11.1M), and Tajikistan ($10.4M).
Imports In 2021, China imported $11.1M in Hydraulic Turbines, becoming the 33rd largest importer of Hydraulic Turbines in the world. At the same year, Hydraulic Turbines was the 1011th most imported product in China. China imports Hydraulic Turbines primarily from: Hong Kong ($5.6M), Austria ($3.31M), Chinese Taipei ($307k), Sweden ($277k), and United Arab Emirates ($257k).
The fastest growing import markets in Hydraulic Turbines for China between 2020 and 2021 were Hong Kong ($2.47M), Austria ($2.01M), and United Arab Emirates ($177k).
Tariffs In 2018, the average tariff for China in Hydraulic Turbines was 7.07%. The countries with the highest import tariffs for Hydraulic Turbines were Burkina Faso (Most Favoured Nation duty rate treatment, 9%), Botswana (Most Favoured Nation duty rate treatment, 9%), Cote d'Ivoire (Most Favoured Nation duty rate treatment, 9%), Cameroon (Most Favoured Nation duty rate treatment, 9%), and Democratic Republic of the Congo (Most Favoured Nation duty rate treatment, 9%).
February 2023
Overview In February 2023 China's Hydraulic Turbines exports accounted up to $19.8M and imports accounted up to $251k, resulting in a positive trade balance of $19.6M. Between February 2022 and February 2023 the exports of China's Hydraulic Turbines have increased by $13M (192%) from $6.78M to $19.8M, while imports increased by $215k (612%) from $35.2k to $251k.
Destinations In February 2023, Hydraulic Turbines were exported mostly to Tanzania ($5.33M), Vietnam ($5.14M), Brazil ($3.06M), Ethiopia ($1.65M), and India ($1.32M), and were imported mostly from Austria ($187k), Sweden ($51.2k), Germany ($7.44k), and South Korea ($5.26k).
Growth In February 2023, the increase in Hydraulic Turbines's year-by-year exports was explained primarily by an increase in exports to Uzbekistan ($1.37M or 9.12k%), Philippines ($1.07M or 3.52k%), and South Korea ($794k or 2.93k%). In February 2023, the increase in Hydraulic Turbines's year-by-year imports was explained primarily by an increase in imports from Germany ($10.9k or 297%).
EXPORT GROWTH (February 2022 - February 2023): $13M, (192%)
IMPORT GROWTH (February 2022 - February 2023): $215k, (612%)
MAIN EXPORTER (February 2023): Zhejiang Province, $8.74M
MAIN DESTINATION (February 2023): Tanzania, $5.33M
This section shows Hydraulic Turbines's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Hydraulic Turbines over time.
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EXPORTS (2021): $287M
IMPORTS (2021): $11.1M
NET TRADE (2021): $276M
In 2021, China exported $287M in Hydraulic Turbines. The main destinations of China exports on Hydraulic Turbines were Pakistan ($108M), Vietnam ($30.6M), Russia ($18M), Tajikistan ($11.6M), and Tanzania ($11.1M).
In 2021, China imported $11.1M in Hydraulic Turbines, mainly from Hong Kong ($5.6M), Austria ($3.31M), Chinese Taipei ($307k), Sweden ($277k), and United Arab Emirates ($257k).
THE FASTEST GROWING Hydraulic Turbines EXPORT MARKETS FOR China WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hydraulic Turbines BY China WERE (2020 - 2021):
In 2021, China's main exporting competitors in Hydraulic Turbines were:
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