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2022
Exports $21.8MWorld Rnk 11 / 116
Flag Rnk 723 / 1216
2022
Destination $2.2M United States
2021 - 2022
FASTEST GROWING MARKET $2.2MUnited Kingdom
2022
PRODUCT COMPLEXITY IN Hydraulic Turbines-0.028Rnk 553 / 1025
2022
Imports $14.9MWorld Rnk 23 / 195
Flag Rnk 963 / 1214
2022
Origin $2.2M United Kingdom
2021 - 2022
FASTEST GROWING ORIGIN $2.2MUnited Kingdom
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $21.8M in Hydraulic Turbines, making it the 11th largest exporter of Hydraulic Turbines in the world. At the same year, Hydraulic Turbines was the 723rd most exported product in United Kingdom. The main destination of Hydraulic Turbines exports from United Kingdom are: United States ($3.92M), United Kingdom ($3.88M), France ($2.13M), United Arab Emirates ($1.77M), and Australia ($1.52M).

The fastest growing export markets for Hydraulic Turbines of United Kingdom between 2021 and 2022 were United Kingdom ($2.2M), Zimbabwe ($1.43M), and United States ($1.14M).

Imports In 2022, United Kingdom imported $14.9M in Hydraulic Turbines, becoming the 23rd largest importer of Hydraulic Turbines in the world. At the same year, Hydraulic Turbines was the 963rd most imported product in United Kingdom. United Kingdom imports Hydraulic Turbines primarily from: United Kingdom ($3.88M), United States ($2.68M), Italy ($1.61M), Germany ($1.27M), and Czechia ($1.07M).

The fastest growing import markets in Hydraulic Turbines for United Kingdom between 2021 and 2022 were United Kingdom ($2.2M), United Arab Emirates ($752k), and Italy ($691k).

COMPANIES In 2023, leading companies such as Danfoss (1) were at the forefront of shipping Hydraulic Turbines from United Kingdom to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United Kingdom's Hydraulic Turbines exports accounted up to £236k and imports accounted up to £1.32M, resulting in a negative trade balance of £1.08M. Between August 2023 and August 2024 the exports of United Kingdom's   Hydraulic Turbines have decreased by £-517k (-68.7%) from £753k to £236k, while imports increased by £117k (9.76%) from £1.2M to £1.32M.

Destinations In August 2024, Hydraulic Turbines were exported mostly to United States (£98.8k), United Arab Emirates (£55.3k), Canada (£17.9k), Netherlands (£15k), and Japan (£11.3k), and were imported mostly from France (£381k), Netherlands (£376k), Spain (£234k), United States (£223k), and Germany (£79.4k).

Growth In August 2024, the decrease in Hydraulic Turbines's year-by-year exports was explained primarily by a decrease in exports to Spain (£-29k or -22%) and United Arab Emirates (£-8.48k or -8.24%). In August 2024, the increase in Hydraulic Turbines's year-by-year imports was explained primarily by an increase in imports from Canada (£34.5k or 179%), China (£28k or 126%), and France (£14.1k or 202%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)£-517k(-68.7%)
IMPORT GROWTH (August 2023 - August 2024)£117k(9.76%)
MAIN EXPORTER (August 2024)London Heathrow Airport£529k
MAIN DESTINATION (August 2024)United States£98.8k

This section shows Hydraulic Turbines's exports and imports data at subnational level for United Kingdom. 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 (2022)$21.8M
IMPORTS (2022)$14.9M
NET TRADE (2022)$6.87M

In 2022, United Kingdom exported $21.8M in Hydraulic Turbines. The main destinations of United Kingdom exports on Hydraulic Turbines were United States ($3.92M), United Kingdom ($3.88M), France ($2.13M), United Arab Emirates ($1.77M), and Australia ($1.52M).

In 2022, United Kingdom imported $14.9M in Hydraulic Turbines, mainly from United Kingdom ($3.88M), United States ($2.68M), Italy ($1.61M), Germany ($1.27M), and Czechia ($1.07M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hydraulic Turbines EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
United Kingdom$2.2M (131%)
Zimbabwe$1.43M (1%)
United States$1.14M (41.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hydraulic Turbines BY United Kingdom WERE (2021 - 2022):
Angola-$2.59M (-99.8%)
Spain-$1.97M (-69.5%)
India-$1.52M (-97.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Hydraulic Turbines were:
China $225M
Austria $127M
Germany $88.9M
In 2022, United Kingdom's main importing competitors in Hydraulic Turbines were:
Russia $65.9M
United States $58.5M
Vietnam $53.8M

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Trade Value of Hydraulic Turbines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $375k
TOP IMPORT POTENTIALChina+ $558k

Hydraulic Turbines’s highest export potential is France. With an export gap of $375k.   Hydraulic Turbines’s highest import potential is China with an import gap of $558k.

See methodology.

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