HS Icon Hydraulic Turbines

8410 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Hydraulic Turbines. In 2019, Hydraulic Turbines were the world's 878th most traded product, with a total trade of $1.12B. Between 2018 and 2019 the exports of Hydraulic Turbines decreased by -9.43%, from $1.23B to $1.12B. Trade in Hydraulic Turbines represent 0.0062% of total world trade.

Exports In 2019 the top exporters of Hydraulic Turbines  were China ($280M), Austria ($142M), Germany ($94.7M), Italy ($85.7M), and India ($60.1M).

Imports In 2019 the top importers of Hydraulic Turbines were Russia ($75.6M), Vietnam ($61.1M), Canada ($53.7M), Turkey ($46.2M), and United States ($45.6M).

Tariffs In 2018 the average tariff for Hydraulic Turbines was 4.54%, making it the 900th 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 559th 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.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): China, $280M

Top Destination (2019): Russia, $75.6M

Hydraulic Turbines are the world's 878th most traded product.

In 2019, the top exporters of Hydraulic Turbines were China ($280M), Austria ($142M), Germany ($94.7M), Italy ($85.7M), and India ($60.1M).

In 2019, the top importers of Hydraulic Turbines were Russia ($75.6M), Vietnam ($61.1M), Canada ($53.7M), Turkey ($46.2M), and United States ($45.6M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $45.1M

Top Destination Growth (2018 - 2019): Turkey, $34.8M

Between 2018 and 2019, the exports of Hydraulic Turbines grew the fastest in China ($45.1M), Germany ($24.8M), Poland ($10M), South Africa ($9.75M), and Republic of the Congo ($8.41M).

Between 2018 and 2019, the fastest growing importers of Hydraulic Turbines were Turkey ($34.8M), Uzbekistan ($27.8M), Israel ($18.7M), Guinea ($16.9M), and Sweden ($14.9M).

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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 2019,  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 (2019): China, $275M

TOP NET IMPORTER (2019): Russia, $68.6M

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Hydraulic Turbines were China ($275M), Austria ($109M), Germany ($61M), Italy ($59.8M), and Brazil ($49.7M).

In 2019, the countries that had a largest trade value in imports than in exports of Hydraulic Turbines were Russia ($68.6M), Vietnam ($61M), Turkey ($37.4M), Canada ($37M), and Pakistan ($34.7M).

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... ($794M), Hydraulic turbines, water wheels, power >... ($152M), Hydraulic turbines, water wheels, power 1000-10000... ($113M), and Hydraulic turbines, water wheels, power <... ($59.7M)

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%).

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.