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2023
Exports $41kWorld Rnk 72 / 124
Flag Rnk 550 / 1096
2023
Destination $40.2k United States
2022 - 2023
FASTEST GROWING MARKET $40.2kUnited States
2023
PRODUCT COMPLEXITY IN Hydraulic Turbines0.029Rnk 550 / 1025
2023
Imports $18.7MWorld Rnk 20 / 196
Flag Rnk 337 / 1184
2023
Origin $10.1M China
2022 - 2023
FASTEST GROWING ORIGIN $10.1MChina
2023
ECONOMIC COMPLEXITY of Nigeria-1.75Rnk 129 / 132

About

Exports In 2023, Nigeria exported $41k in Hydraulic Turbines, making it the 72nd largest exporter of Hydraulic Turbines in the world. At the same year, Hydraulic Turbines was the 550th most exported product in Nigeria. The main destination of Hydraulic Turbines exports from Nigeria are: United States ($40.2k) and Ghana ($834).

The fastest growing export markets for Hydraulic Turbines of Nigeria between 2022 and 2023 were United States ($40.2k) and Ghana ($834).

Imports In 2023, Nigeria imported $18.7M in Hydraulic Turbines, becoming the 20th largest importer of Hydraulic Turbines in the world. At the same year, Hydraulic Turbines was the 337th most imported product in Nigeria. Nigeria imports Hydraulic Turbines primarily from: China ($10.9M), Austria ($5.78M), United States ($1.66M), India ($222k), and United Kingdom ($84.3k).

The fastest growing import markets in Hydraulic Turbines for Nigeria between 2022 and 2023 were China ($10.1M), Austria ($5.25M), and United States ($1.32M).

Latest Trends

Jan 2025

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Hydraulic Turbines. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$41k
IMPORTS (2023)$18.7M
NET TRADE (2023)-$18.7M

In 2023, Nigeria exported $41k in Hydraulic Turbines. The main destinations of Nigeria exports on Hydraulic Turbines were United States ($40.2k) and Ghana ($834).

In 2023, Nigeria imported $18.7M in Hydraulic Turbines, mainly from China ($10.9M), Austria ($5.78M), United States ($1.66M), India ($222k), and United Kingdom ($84.3k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hydraulic Turbines EXPORT MARKETS FOR Nigeria WERE (2022 - 2023):
United States$40.2k (1%)
Ghana$834 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hydraulic Turbines BY Nigeria WERE (2022 - 2023):Niger-$40 (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Nigeria's main exporting competitors in Hydraulic Turbines were:
China $297M
Germany $95.3M
Italy $78.4M
In 2023, Nigeria'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+ $429
TOP IMPORT POTENTIALChina+ $190k

Hydraulic Turbines’s highest export potential is United States. With an export gap of $429.   Hydraulic Turbines’s highest import potential is China with an import gap of $190k.

See methodology.

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