HS Icon Hydraulic Turbines

8410 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Hydraulic Turbines. In 2020, Hydraulic Turbines were the world's 871st most traded product, with a total trade of $1.08B. Between 2019 and 2020 the exports of Hydraulic Turbines decreased by -9.14%, from $1.18B to $1.08B. Trade in Hydraulic Turbines represent 0.0064% of total world trade.

Hydraulic Turbines are a part of Machinery and appliances. They include Parts of hydraulic turbines and water wheels, Hydraulic turbines, water wheels, power > 10000 kW, Hydraulic turbines, water wheels, power 1000-10000 kW, and Hydraulic turbines, water wheels, power < 1000 kW.

Exports In 2020 the top exporters of Hydraulic Turbines  were China ($227M), Austria ($132M), Germany ($107M), France ($75M), and India ($65.6M).

Imports In 2020 the top importers of Hydraulic Turbines were Russia ($74.8M), Israel ($59M), Vietnam ($58.4M), United States ($47.7M), and Ukraine ($44.7M).

Tariffs In 2018 the average tariff for Hydraulic Turbines was 4.5%, making it the 918th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Hydraulic Turbines are Bahamas (40.2%), Bermuda (25%), Cayman Islands (22%), and Anguilla (20%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking Hydraulic Turbines ranks 462nd in the Product Complexity Index (PCI).

Description Hydraulic turbines are used to generate electricity. They can be made from a variety of materials, including steel, aluminum, and copper.

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

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

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

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2020): China, $227M

Top Destination (2020): Russia, $74.8M

Hydraulic Turbines are the world's 871st most traded product.

In 2020, the top exporters of Hydraulic Turbines were China ($227M), Austria ($132M), Germany ($107M), France ($75M), and India ($65.6M).

In 2020, the top importers of Hydraulic Turbines were Russia ($74.8M), Israel ($59M), Vietnam ($58.4M), United States ($47.7M), and Ukraine ($44.7M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): Switzerland, $32.2M

Top Destination Growth (2019 - 2020): Israel, $39.5M

Between 2019 and 2020, the exports of Hydraulic Turbines grew the fastest in Switzerland ($32.2M), France ($26.6M), United States ($24.6M), Singapore ($7.22M), and Turkey ($5.73M).

Between 2019 and 2020, the fastest growing importers of Hydraulic Turbines were Israel ($39.5M), Iraq ($39.5M), Ukraine ($36.3M), Papua New Guinea ($17M), and Singapore ($11.5M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Hydraulic Turbines.

In 2020,  market concentration measured using Shannon Entropy, was 4.1. This means that most of the exports of Hydraulic Turbines are explained by 17 countries.

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TOP NET EXPORTER (2020): China, $220M

TOP NET IMPORTER (2020): Russia, $66M

This map shows which countries export or import more of Hydraulic Turbines. Each country is colored based on the difference in exports and imports of Hydraulic Turbines during 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Hydraulic Turbines were China ($220M), Austria ($101M), Germany ($82.8M), France ($58.6M), and India ($57.4M).

In 2020, the countries that had a largest trade value in imports than in exports of Hydraulic Turbines were Russia ($66M), Vietnam ($58.3M), Israel ($57.3M), Ukraine ($44.4M), and Indonesia ($36.2M).

Disaggregation

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Value

In 2019, the world most traded Hydraulic Turbines, disaggragated by their HS6 level were Parts of hydraulic turbines and water... ($734M), Hydraulic turbines, water wheels, power >... ($159M), Hydraulic turbines, water wheels, power 1000-10000... ($93M), and Hydraulic turbines, water wheels, power <... ($90.2M)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Hydraulic Turbines.
It is possible to select the main countries that export or import Hydraulic Turbines in the world, or by continent, as well as select the measure of interest.

Import Tariffs

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In 2018, the average tariff for importing Hydraulic Turbines was 4.5%. The countries with the highest tariffs for importing Hydraulic Turbines were Bahamas (40.2%), Bermuda (25%), Cayman Islands (22%), and Anguilla (20%).

Product Complexity

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Diversification Frontier

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Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Country by Relatedness

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The following visualization shows the relatedness of Hydraulic Turbines to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.