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2023
Exports $45.3MWorld Rnk 6 / 124
Flag Rnk 847 / 1217
2023
Destination $5.67M Canada
2022 - 2023
FASTEST GROWING MARKET $5.67MCanada
2023
PRODUCT COMPLEXITY IN Hydraulic Turbines0.029Rnk 550 / 1025
2023
Imports $67.8MWorld Rnk 1 / 196
Flag Rnk 916 / 1215
2023
Origin $12.6M Singapore
2022 - 2023
FASTEST GROWING ORIGIN $12.6MSingapore
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $45.3M in Hydraulic Turbines, making it the 6th largest exporter of Hydraulic Turbines in the world. At the same year, Hydraulic Turbines was the 847th most exported product in United States. The main destination of Hydraulic Turbines exports from United States are: Canada ($12.1M), United Kingdom ($5.37M), Somalia ($5M), Brazil ($3.96M), and United Arab Emirates ($3.83M).

The fastest growing export markets for Hydraulic Turbines of United States between 2022 and 2023 were Canada ($5.67M), Somalia ($5M), and Brazil ($3.88M).

Imports In 2023, United States imported $67.8M in Hydraulic Turbines, becoming the 1st largest importer of Hydraulic Turbines in the world. At the same year, Hydraulic Turbines was the 916th most imported product in United States. United States imports Hydraulic Turbines primarily from: Singapore ($12.6M), Canada ($10.5M), Slovenia ($7.22M), China ($6.71M), and Czechia ($4.6M).

The fastest growing import markets in Hydraulic Turbines for United States between 2022 and 2023 were Singapore ($12.6M), Czechia ($4.3M), and Saudi Arabia ($3.73M).

COMPANIES In 2023, leading companies such as Vestas (220), Danfoss (103), and General Motors (76) were at the forefront of shipping Hydraulic Turbines to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Hydraulic Turbines exports accounted up to $1.99M and imports accounted up to $9.59M, resulting in a negative trade balance of $7.6M. Between November 2023 and November 2024 the exports of United States'   Hydraulic Turbines have decreased by $-834k (-29.5%) from $2.83M to $1.99M, while imports increased by $7.13M (290%) from $2.46M to $9.59M.

Destinations In November 2024, Hydraulic Turbines were exported mostly to Mexico ($715k), Qatar ($486k), United Arab Emirates ($299k), United Kingdom ($146k), and Dominican Republic ($92k), and were imported mostly from Canada ($2.28M), Czechia ($2.08M), Slovenia ($1.99M), China ($1.63M), and Brazil ($1.22M).

Growth In November 2024, the decrease in Hydraulic Turbines's year-by-year exports was explained primarily by a decrease in exports to Singapore ($-95.3k or -50.9%), United Arab Emirates ($-57.5k or -65.5%), and Saudi Arabia ($-47.6k or -67.8%). In November 2024, the increase in Hydraulic Turbines's year-by-year imports was explained primarily by an increase in imports from China ($611k or 1.91k%), France ($127k or 2.76k%), and United Kingdom ($110k or 129%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-834k(-29.5%)
IMPORT GROWTH (November 2023 - November 2024)$7.13M(290%)
MAIN EXPORTER (November 2024)Pennsylvania$27.7M
MAIN DESTINATION (November 2024)Mexico$715k

This section shows Hydraulic Turbines's exports and imports data at subnational level for United States. 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)$45.3M
IMPORTS (2023)$67.8M
NET TRADE (2023)-$22.5M

In 2023, United States exported $45.3M in Hydraulic Turbines. The main destinations of United States exports on Hydraulic Turbines were Canada ($12.1M), United Kingdom ($5.37M), Somalia ($5M), Brazil ($3.96M), and United Arab Emirates ($3.83M).

In 2023, United States imported $67.8M in Hydraulic Turbines, mainly from Singapore ($12.6M), Canada ($10.5M), Slovenia ($7.22M), China ($6.71M), and Czechia ($4.6M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hydraulic Turbines EXPORT MARKETS FOR United States WERE (2022 - 2023):
Canada$5.67M (88.5%)
Somalia$5M (1%)
Brazil$3.88M (4.85k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hydraulic Turbines BY United States WERE (2022 - 2023):
Indonesia-$3.66M (-96%)
Saudi Arabia-$1.74M (-92.4%)
Chad-$350k (-97.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Hydraulic Turbines were:
China $297M
Germany $95.3M
Italy $78.4M
In 2023, United States's main importing competitors in Hydraulic Turbines were:
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 POTENTIALGermany+ $294k
TOP IMPORT POTENTIALChina+ $3.02M

Hydraulic Turbines’s highest export potential is Germany. With an export gap of $294k.   Hydraulic Turbines’s highest import potential is China with an import gap of $3.02M.

See methodology.

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