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Pricing

Turbines; hydraulic water wheels and regulators therefor

8410 (Harmonized System 1992 for 4-digit)

2023
World Trade $1.01BRnk 923 / 1217
2023
Top Exporter | Top Importer $297M | $67.8MChina | United States
2023
Product Complexity 0.21Rnk 490 / 1044
2022 - 2023
Export Growth (CAGR) 4.04%Rnk 278 / 1217
2023
Share of World Trade 0.0045%Rnk 923 / 1217

About

Overview This page contains the latest trade data of Hydraulic Turbines. In 2023, Hydraulic Turbines were the world's 923rd most traded product, with a total trade of $1.01B. Between 2022 and 2023 the exports of Hydraulic Turbines grew by 4.04%, from $968M to $1.01B. Trade in Hydraulic Turbines represent 0.0045% of total world trade.

Hydraulic Turbines are a part of Machinery, mechanical appliances, & parts. They include Parts of hydraulic turbines and water wheels, Hydraulic turbines, water wheels, power > 10000 kW, Hydraulic turbines, water wheels, power 1000-10000 kW, and Hydraulic turbines, water wheels, power < 1000 kW.

Exports In 2023 the top exporters of Hydraulic Turbines  were China ($297M), Germany ($95.3M), Italy ($78.4M), Austria ($74.3M), and India ($54M).

Imports In 2023 the top importers of Hydraulic Turbines were United States ($67.8M), Vietnam ($56.8M), Austria ($41.3M), Pakistan ($39.7M), and Tanzania ($38M).

Ranking Hydraulic Turbines ranks 490th in the Product Complexity Index (PCI).

Description Hydraulic turbines are used to generate electricity. They can be made from a variety of materials, including steel, aluminum, and copper.

Latest Trends

Latest Data

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

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

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)China$297M
Top Destination (2023)United States$67.8M

In 2023 Hydraulic Turbines were the world's 923rd most traded product (out of 1,217).

In 2023, the top exporters of Hydraulic Turbines were China ($297M), Germany ($95.3M), Italy ($78.4M), Austria ($74.3M), and India ($54M).

In 2023, the top importers of Hydraulic Turbines were United States ($67.8M), Vietnam ($56.8M), Austria ($41.3M), Pakistan ($39.7M), and Tanzania ($38M).

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Exporters of Hydraulic Turbines (2023)
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Importers of Hydraulic Turbines (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$57.7M
Top Destination Growth (2022 -  2023)Mexico$26.5M

Between 2022 and 2023, the exports of Hydraulic Turbines grew the fastest in China ($57.7M), Spain ($19.9M), United States ($14.3M), Italy ($13.6M), and Turkey ($13.2M).

Between 2022 and 2023, the fastest growing importers of Hydraulic Turbines were Mexico ($26.5M), Australia ($18.3M), United Kingdom ($17.2M), Brazil ($15.9M), and Nigeria ($15.7M).

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Exporters of Hydraulic Turbines (2022 - 2023)

Importers of Hydraulic Turbines (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Hydraulic Turbines.

In 2023, market concentration measured using Shannon Entropy, was 4.05. This means that most of the exports of Hydraulic Turbines are explained by 16 countries.

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Value of Exports in Hydraulic Turbines

Net Trade

TOP NET EXPORTER (2023)China$292M
TOP NET IMPORTER (2023)Vietnam$56.2M

This map shows which countries export or import more of Hydraulic Turbines. Each country is colored based on the difference in exports and imports of Hydraulic Turbines during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Hydraulic Turbines were China ($292M), Germany ($66M), Italy ($49.9M), India ($46.6M), and Spain ($37M).

In 2023, the countries that had a largest trade value in imports than in exports of Hydraulic Turbines were Vietnam ($56.2M), Pakistan ($39.7M), Tanzania ($38M), Russia ($27.3M), and Indonesia ($26.7M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Hydraulic Turbines, disaggragated by their HS6 level were Parts of hydraulic turbines and water... ($732M), Hydraulic turbines, water wheels, power >... ($134M), Hydraulic turbines, water wheels, power <... ($80.9M), and Hydraulic turbines, water wheels, power 1000-10000... ($60.2M)

HS6 Disaggregation for Hydraulic Turbines (2023)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Hydraulic Turbines.
It is possible to select the main countries that export or import Hydraulic Turbines in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Hydraulic Turbines by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALGermany+ $2M
TOP IMPORT POTENTIALGermany+ $738k

Hydraulic Turbines’s highest export potential is Germany. With an export gap of $2M.  Hydraulic Turbines’s highest import potential is Germany with an import gap of $738k.

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Product Complexity

Diversification Frontier

Specialization

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.

Relatedness vs Country Complexity (2023)

Related Products

This visualization shows products that are likely to be exported by countries that export Hydraulic Turbines.

Country by Relatedness

The following visualization shows the relatedness of Hydraulic Turbines to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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