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2023
Exports $44.6MWorld Rnk 7 / 124
Flag Rnk 664 / 1215
2023
Destination $10.5M Mozambique
2022 - 2023
FASTEST GROWING MARKET $10.5MMozambique
2023
PRODUCT COMPLEXITY IN Hydraulic Turbines0.029Rnk 550 / 1025
2023
Imports $7.57MWorld Rnk 34 / 196
Flag Rnk 1019 / 1214
2023
Origin $801k Italy
2022 - 2023
FASTEST GROWING ORIGIN $801kNetherlands
2023
ECONOMIC COMPLEXITY of Spain0.86Rnk 31 / 132

About

Exports In 2023, Spain exported $44.6M in Hydraulic Turbines, making it the 7th largest exporter of Hydraulic Turbines in the world. At the same year, Hydraulic Turbines was the 664th most exported product in Spain. The main destination of Hydraulic Turbines exports from Spain are: Mozambique ($10.5M), Austria ($5.27M), Philippines ($4.88M), Vietnam ($4.51M), and Italy ($3.08M).

The fastest growing export markets for Hydraulic Turbines of Spain between 2022 and 2023 were Mozambique ($10.5M), Philippines ($4.88M), and Vietnam ($4.51M).

Imports In 2023, Spain imported $7.57M in Hydraulic Turbines, becoming the 34th largest importer of Hydraulic Turbines in the world. At the same year, Hydraulic Turbines was the 1019th most imported product in Spain. Spain imports Hydraulic Turbines primarily from: Italy ($1.84M), Germany ($1.43M), Netherlands ($1.01M), India ($662k), and Slovakia ($576k).

The fastest growing import markets in Hydraulic Turbines for Spain between 2022 and 2023 were Netherlands ($801k), Slovakia ($576k), and Czechia ($494k).

COMPANIES In 2024, leading companies such as Vestas (191) were at the forefront of shipping Hydraulic Turbines from Spain to the United States.

Latest Trends

December 2024

About

Overview In December 2024 Spain's Hydraulic Turbines exports accounted up to €2M and imports accounted up to €911k, resulting in a positive trade balance of €1.09M. Between December 2023 and December 2024 the exports of Spain's   Hydraulic Turbines have decreased by €-2.63M (-56.8%) from €4.63M to €2M, while imports decreased by €-582k (-39%) from €1.49M to €911k.

Destinations In December 2024, Hydraulic Turbines were exported mostly to Germany (€638k), Finland (€422k), Austria (€388k), Norway (€218k), and France (€145k), and were imported mostly from Italy (€506k), Slovakia (€147k), Portugal (€139k), Germany (€115k), and New Zealand (€1.62k).

Growth In December 2024, the decrease in Hydraulic Turbines's year-by-year exports was explained primarily by a decrease in exports to Finland (€-106k or -99.8%), Germany (€-80.6k or -99.2%), and Norway (€-79.8k or -27.3%). In December 2024, the decrease in Hydraulic Turbines's year-by-year imports was explained primarily by a decrease in imports from France (€-10.3k or -96.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)€-2.63M(-56.8%)
IMPORT GROWTH (December 2023 - December 2024)€-582k(-39%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)Germany€638k

This section shows Hydraulic Turbines's exports and imports data at subnational level for Spain. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Hydraulic Turbines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$44.6M
IMPORTS (2023)$7.57M
NET TRADE (2023)$37M

In 2023, Spain exported $44.6M in Hydraulic Turbines. The main destinations of Spain exports on Hydraulic Turbines were Mozambique ($10.5M), Austria ($5.27M), Philippines ($4.88M), Vietnam ($4.51M), and Italy ($3.08M).

In 2023, Spain imported $7.57M in Hydraulic Turbines, mainly from Italy ($1.84M), Germany ($1.43M), Netherlands ($1.01M), India ($662k), and Slovakia ($576k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hydraulic Turbines EXPORT MARKETS FOR Spain WERE (2022 - 2023):
Mozambique$10.5M (1%)
Philippines$4.88M (1%)
Vietnam$4.51M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hydraulic Turbines BY Spain WERE (2022 - 2023):
Angola-$3.65M (-82.2%)
Ecuador-$2.03M (-100%)
Switzerland-$1.23M (-87.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Spain's main exporting competitors in Hydraulic Turbines were:
China $297M
Germany $95.3M
Italy $78.4M
In 2023, Spain's main importing competitors in Hydraulic Turbines were:
United States $67.8M
Vietnam $56.8M
Austria $41.3M

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Trade Value of Hydraulic Turbines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $467k
TOP IMPORT POTENTIALChina+ $563k

Hydraulic Turbines’s highest export potential is United States. With an export gap of $467k.   Hydraulic Turbines’s highest import potential is China with an import gap of $563k.

See methodology.

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