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2022
Exports $27.8MWorld Rnk 10 / 116
Flag Rnk 941 / 1217
2022
Destination $3.72M Canada
2021 - 2022
FASTEST GROWING MARKET $3.72MIndonesia
2022
PRODUCT COMPLEXITY IN Hydraulic Turbines-0.028Rnk 553 / 1025
2022
Imports $58.5MWorld Rnk 2 / 195
Flag Rnk 945 / 1216
2022
Origin $8.55M Canada
2021 - 2022
FASTEST GROWING ORIGIN $8.55MEgypt
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $27.8M in Hydraulic Turbines, making it the 10th largest exporter of Hydraulic Turbines in the world. At the same year, Hydraulic Turbines was the 941st most exported product in United States. The main destination of Hydraulic Turbines exports from United States are: Canada ($7.74M), Indonesia ($3.78M), United Kingdom ($2.68M), United Arab Emirates ($2.31M), and Mexico ($1.79M).

The fastest growing export markets for Hydraulic Turbines of United States between 2021 and 2022 were Indonesia ($3.72M), United Arab Emirates ($1.4M), and Mexico ($1.16M).

Imports In 2022, United States imported $58.5M in Hydraulic Turbines, becoming the 2nd largest importer of Hydraulic Turbines in the world. At the same year, Hydraulic Turbines was the 945th most imported product in United States. United States imports Hydraulic Turbines primarily from: Canada ($16.5M), Egypt ($8.55M), China ($5.73M), Brazil ($4.76M), and Slovenia ($3.99M).

The fastest growing import markets in Hydraulic Turbines for United States between 2021 and 2022 were Egypt ($8.55M), Canada ($6.57M), and Slovenia ($3.99M).

COMPANIES In 2023, leading companies such as Vestas (220), Danfoss (103), and General Motors (76) were at the forefront of shipping Hydraulic Turbines to the United States.

Latest Trends

September 2024

About

Overview In September 2024 United States' Hydraulic Turbines exports accounted up to $28.2M and imports accounted up to $7.05M, resulting in a positive trade balance of $21.2M. Between September 2023 and September 2024 the exports of United States'   Hydraulic Turbines have increased by $25.5M (923%) from $2.76M to $28.2M, while imports increased by $5.16M (273%) from $1.89M to $7.05M.

Destinations In September 2024, Hydraulic Turbines were exported mostly to Qatar ($26.6M), Brazil ($1.17M), Canada ($140k), Mexico ($51.3k), and Panama ($48.8k), and were imported mostly from Czechia ($1.7M), Canada ($1.35M), Austria ($1.16M), Brazil ($1.09M), and China ($592k).

Growth In September 2024, the increase in Hydraulic Turbines's year-by-year exports was explained primarily by an increase in exports to Mexico ($21.3k or 268%), Chile ($21.1k or 390%), and Poland ($9.85k or 138%). In September 2024, the increase in Hydraulic Turbines's year-by-year imports was explained primarily by an increase in imports from China ($611k or 1.91k%), France ($127k or 2.76k%), and United Kingdom ($110k or 129%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$25.5M(923%)
IMPORT GROWTH (September 2023 - September 2024)$5.16M(273%)
MAIN EXPORTER (September 2024)Pennsylvania$27.7M
MAIN DESTINATION (September 2024)Qatar$26.6M

This section shows Hydraulic Turbines's exports and imports data at subnational level for United States. 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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Historical Data

Trade Balance

Color
EXPORTS (2022)$27.8M
IMPORTS (2022)$58.5M
NET TRADE (2022)-$30.7M

In 2022, United States exported $27.8M in Hydraulic Turbines. The main destinations of United States exports on Hydraulic Turbines were Canada ($7.74M), Indonesia ($3.78M), United Kingdom ($2.68M), United Arab Emirates ($2.31M), and Mexico ($1.79M).

In 2022, United States imported $58.5M in Hydraulic Turbines, mainly from Canada ($16.5M), Egypt ($8.55M), China ($5.73M), Brazil ($4.76M), and Slovenia ($3.99M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hydraulic Turbines EXPORT MARKETS FOR United States WERE (2021 - 2022):
Indonesia$3.72M (5.95k%)
United Arab Emirates$1.4M (154%)
Mexico$1.16M (186%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hydraulic Turbines BY United States WERE (2021 - 2022):
Canada-$12M (-60.9%)
Singapore-$3.97M (-92.6%)
India-$3.07M (-97.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Hydraulic Turbines were:
China $225M
Austria $127M
Germany $88.9M
In 2022, United States's main importing competitors in Hydraulic Turbines were:
Russia $65.9M
Vietnam $53.8M

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Trade Value of Hydraulic Turbines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $294k
TOP IMPORT POTENTIALChina+ $3.02M

Hydraulic Turbines’s highest export potential is Germany. With an export gap of $294k.   Hydraulic Turbines’s highest import potential is China with an import gap of $3.02M.

See methodology.

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