HS Icon Hydraulic turbines, water wheels, power < 1000 kW

841011 (Harmonized System 1992 for 6-digit)

World Trade (2018): $86.4M, Rnk 4181 / 4726

Top Exporter (2018): $17.8M, United States

Top Importer (2018): $7.53M, United States

Export Growth (CAGR)(2017 - 2018): 12.4%, Rnk 2315 / 4726

Mean Tariff (2018): 4.85%, Rnk 4244 / 6538

Share of World Trade (2018): 0.00047%, Rnk 4181 / 4726

Overview:  This page contains the latest trade data of Hydraulic turbines, water wheels, power < 1000 kW. In 2018, Hydraulic turbines, water wheels, power < 1000 kW were the world's 4181st most traded product, with a total trade of $86.4M. Between 2017 and 2018 the exports of Hydraulic turbines, water wheels, power < 1000 kW grew by 12.4%, from  $76.9M to $86.4M. Trade in Hydraulic turbines, water wheels, power < 1000 kW represent 0.00047% of total world trade.

Exports: In 2018 the top exporters of Hydraulic turbines, water wheels, power < 1000 kW  were United States ($17.8M), Germany ($12.6M), India ($8.73M), United Kingdom ($8.59M), and Austria ($5.8M).

Imports: In 2018 the top importers of Hydraulic turbines, water wheels, power < 1000 kW were United States ($7.53M), Dominican Republic ($7.01M), Saudi Arabia ($6.67M), Mexico ($4.98M), and Australia ($4.82M).

Tariffs: In 2018 the average tariff for Hydraulic turbines, water wheels, power < 1000 kW was 4.85%, been the 4244 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Hydraulic turbines, water wheels, power < 1000 kW are Bahamas (40.2%), Bermuda (25%), Ecuador (22.1%), Maldives (19.6%), and Armenia (14.3%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Madagascar (0%), Mauritius (0%), and Rwanda (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $17.8M

Top Destination (2018): United States, $7.53M

Hydraulic turbines, water wheels, power < 1000 kW are the world's 4181st most traded product.

In 2018, the top exporters of Hydraulic turbines, water wheels, power < 1000 kW were United States ($17.8M), Germany ($12.6M), India ($8.73M), United Kingdom ($8.59M), and Austria ($5.8M).

In 2018, the top importers of Hydraulic turbines, water wheels, power < 1000 kW were United States ($7.53M), Dominican Republic ($7.01M), Saudi Arabia ($6.67M), Mexico ($4.98M), and Australia ($4.82M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $12.8M

Top Destination Growth (2017 - 2018): Dominican Republic, $6.37M

Between 2017 and 2018, the exports of Hydraulic turbines, water wheels, power < 1000 kW grew the fastest in United States ($12.8M), United Kingdom ($5.59M), Germany ($3.19M), Saudi Arabia ($2.67M), and Slovenia ($1.89M).

Between 2017 and 2018, the fastest growing importers of Hydraulic turbines, water wheels, power < 1000 kW were Dominican Republic ($6.37M), Saudi Arabia ($6.34M), United States ($6.01M), Mexico ($4.79M), and Australia ($3.61M).

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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, water wheels, power < 1000 kW.

In 2018,  market concentration measured using Shannon Entropy, was 3.9. This means that most of the exports of Hydraulic turbines, water wheels, power < 1000 kW are explained by 14 countries.

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TOP NET EXPORTER (2018): Germany, $12.3M

TOP NET IMPORTER (2018): Mexico, $4.81M

This map shows which countries export or import more of Hydraulic turbines, water wheels, power < 1000 kW. Each country is colored based on the difference in exports and imports of Hydraulic turbines, water wheels, power < 1000 kW during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Hydraulic turbines, water wheels, power < 1000 kW were Germany ($12.3M), United States ($10.2M), India ($8.28M), United Kingdom ($5.99M), and Slovenia ($5.23M).

In 2018, the countries that had a largest trade value in imports than in exports of Hydraulic turbines, water wheels, power < 1000 kW were Mexico ($4.81M), Australia ($4.65M), Saudi Arabia ($4M), France ($3.52M), and Vietnam ($3.35M).

Trade Forecasts

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This section shows forecasts for total trade for Hydraulic turbines, water wheels, power < 1000 kW. 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, water wheels, power < 1000 kW was 4.85%.  The countries with the highest tariffs for importing Hydraulic turbines, water wheels, power < 1000 kW were Bahamas (40.2%), Bermuda (25%), Ecuador (22.1%), Maldives (19.6%), and Armenia (14.3%).

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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.