HS Icon Parts of hydraulic turbines and water wheels

841090 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $794M, Rnk 2286 / 4648

2019
Top Exporter | Top Importer
: $193M | $71.6M, China | Russia

2019
Product Complexity
: -0.2, Rnk 2930 / 4826

2018 - 2019
Export Growth (CAGR)
: -11.5%, Rnk 3595 / 4648

2018
Mean Tariff
: 4.26%, Rnk 4752 / 6538

 2019
Share of World Trade
: 0.0044%, Rnk 2286 / 4648

Overview:  This page contains the latest trade data of Parts of hydraulic turbines and water wheels. In 2019, Parts of hydraulic turbines and water wheels were the world's 2286th most traded product, with a total trade of $794M. Between 2018 and 2019 the exports of Parts of hydraulic turbines and water wheels decreased by -11.5%, from  $897M to $794M. Trade in Parts of hydraulic turbines and water wheels represent 0.0044% of total world trade.

Exports: In 2019 the top exporters of Parts of hydraulic turbines and water wheels  were China ($193M), Austria ($107M), Italy ($64.2M), Brazil ($41M), and India ($41M).

Imports: In 2019 the top importers of Parts of hydraulic turbines and water wheels were Russia ($71.6M), Vietnam ($43.6M), Canada ($43.3M), United States ($40.6M), and Germany ($31.3M).

Tariffs: In 2018 the average tariff for Parts of hydraulic turbines and water wheels was 4.26%, making it the 4752nd lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Parts of hydraulic turbines and water wheels are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Venezuela (13.4%), and Brazil (13.4%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Parts of hydraulic turbines and water wheels ranks 2930th in the Product Complexity Index (PCI).

Description: Hydraulic turbines are mainly used to generate electricity through a process called hydroelectric power. Water is pushed through the turbines, which spin, and the rotation of the turbines is converted to energy, which is then used to produce electricity. Water wheels are used to generate power through the use of kinetic energy. They are usually used in smaller, more isolated communities.

Exporters and Importers

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Trade By Country

Top Origin (2019): China, $193M

Top Destination (2019): Russia, $71.6M

Parts of hydraulic turbines and water wheels are the world's 2286th most traded product.

In 2019, the top exporters of Parts of hydraulic turbines and water wheels were China ($193M), Austria ($107M), Italy ($64.2M), Brazil ($41M), and India ($41M).

In 2019, the top importers of Parts of hydraulic turbines and water wheels were Russia ($71.6M), Vietnam ($43.6M), Canada ($43.3M), United States ($40.6M), and Germany ($31.3M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Republic of the Congo, $8.49M

Top Destination Growth (2018 - 2019): Pakistan, $13.6M

Between 2018 and 2019, the exports of Parts of hydraulic turbines and water wheels grew the fastest in Republic of the Congo ($8.49M), Brazil ($7.48M), Poland ($7.14M), South Africa ($7.09M), and Chile ($2.98M).

Between 2018 and 2019, the fastest growing importers of Parts of hydraulic turbines and water wheels were Pakistan ($13.6M), Chile ($12.3M), Guinea ($9.51M), Italy ($8.64M), and Uzbekistan ($7.97M).

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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 Parts of hydraulic turbines and water wheels.

In 2019,  market concentration measured using Shannon Entropy, was 4.18. This means that most of the exports of Parts of hydraulic turbines and water wheels are explained by 18 countries.

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TOP NET EXPORTER (2019): China, $189M

TOP NET IMPORTER (2019): Russia, $64.6M

This map shows which countries export or import more of Parts of hydraulic turbines and water wheels. Each country is colored based on the difference in exports and imports of Parts of hydraulic turbines and water wheels during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Parts of hydraulic turbines and water wheels were China ($189M), Austria ($77.9M), Italy ($41.9M), Brazil ($35.4M), and Czechia ($26.5M).

In 2019, the countries that had a largest trade value in imports than in exports of Parts of hydraulic turbines and water wheels were Russia ($64.6M), Vietnam ($43.5M), Laos ($27.2M), Canada ($27M), and Pakistan ($25.4M).

Import Tariffs

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In 2018, the average tariff for importing Parts of hydraulic turbines and water wheels was 4.26%.  The countries with the highest tariffs for importing Parts of hydraulic turbines and water wheels were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Venezuela (13.4%), and Brazil (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.