HS Icon Hydraulic Turbines

8410 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.16B, Rnk 881 / 1225

Top Exporter (2018): $231M, China

Top Importer (2018): $86.5M, Russia

Product Complexity (2018): 0.44, Rnk 397 / 1018

Export Growth (CAGR)(2017 - 2018): -7.91%, Rnk 1164 / 1225

Mean Tariff (2018): 4.54%, Rnk 900 / 1259

Share of World Trade (2018): 0.0063%, Rnk 881 / 1225

Overview:  This page contains the latest trade data of Hydraulic Turbines. In 2018, Hydraulic Turbines were the world's 881st most traded product, with a total trade of $1.16B. Between 2017 and 2018 the exports of Hydraulic Turbines decreased by -7.91%, from  $1.26B to $1.16B. Trade in Hydraulic Turbines represent 0.0063% of total world trade.

Exports: In 2018 the top exporters of Hydraulic Turbines  were China ($231M), Austria ($158M), Italy ($95.2M), Brazil ($69.9M), and India ($66.1M).

Imports: In 2018 the top importers of Hydraulic Turbines were Russia ($86.5M), United States ($68M), Vietnam ($63.2M), Switzerland ($51.5M), and Germany ($50.6M).

Tariffs: In 2018 the average tariff for Hydraulic Turbines was 4.54%, been the 900 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Hydraulic Turbines are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Ecuador (14.1%), and Venezuela (13.4%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Hydraulic Turbines ranks 397th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $231M

Top Destination (2018): Russia, $86.5M

Hydraulic Turbines are the world's 881st most traded product.

In 2018, the top exporters of Hydraulic Turbines were China ($231M), Austria ($158M), Italy ($95.2M), Brazil ($69.9M), and India ($66.1M).

In 2018, the top importers of Hydraulic Turbines were Russia ($86.5M), United States ($68M), Vietnam ($63.2M), Switzerland ($51.5M), and Germany ($50.6M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Slovenia, $32.3M

Top Destination Growth (2017 - 2018): Canada, $30.3M

Between 2017 and 2018, the exports of Hydraulic Turbines grew the fastest in Slovenia ($32.3M), France ($22.3M), South Korea ($16.1M), Brazil ($14.4M), and Singapore ($10.2M).

Between 2017 and 2018, the fastest growing importers of Hydraulic Turbines were Canada ($30.3M), Saudi Arabia ($22.3M), Germany ($21.2M), Russia ($12.1M), and United States ($12M).

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Market Concentration

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Cumulative market share

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

In 2018,  market concentration measured using Shannon Entropy, was 4.26. This means that most of the exports of Hydraulic Turbines are explained by 19 countries.

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TOP NET EXPORTER (2018): China, $226M

TOP NET IMPORTER (2018): Russia, $75.2M

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 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Hydraulic Turbines were China ($226M), Austria ($127M), Italy ($73.3M), Brazil ($61.6M), and Slovenia ($49.9M).

In 2018, the countries that had a largest trade value in imports than in exports of Hydraulic Turbines were Russia ($75.2M), Vietnam ($62.9M), United States ($37.2M), Switzerland ($35.3M), and Colombia ($32.3M).

Trade Forecasts

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This section shows forecasts for total trade for Hydraulic Turbines. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Hydraulic Turbines was 4.54%.  The countries with the highest tariffs for importing Hydraulic Turbines were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Ecuador (14.1%), and Venezuela (13.4%).

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Product Complexity

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Diversification Frontier

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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.