Hydraulic Turbines in Canada | The Observatory of Economic Complexity

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Exports In 2022, Canada exported $19.8M in Hydraulic Turbines, making it the 13th largest exporter of Hydraulic Turbines in the world. At the same year, Hydraulic Turbines was the 674th most exported product in Canada. The main destination of Hydraulic Turbines exports from Canada are: United States ($16.5M), United Arab Emirates ($1.09M), Canada ($1.07M), United Kingdom ($268k), and Norway ($163k).

The fastest growing export markets for Hydraulic Turbines of Canada between 2021 and 2022 were United States ($6.57M), United Arab Emirates ($1.07M), and United Kingdom ($184k).

Imports In 2022, Canada imported $31.2M in Hydraulic Turbines, becoming the 8th largest importer of Hydraulic Turbines in the world. At the same year, Hydraulic Turbines was the 795th most imported product in Canada. Canada imports Hydraulic Turbines primarily from: United States ($7.74M), Mexico ($4.84M), China ($4.44M), Czechia ($3.13M), and Slovenia ($2.68M).

The fastest growing import markets in Hydraulic Turbines for Canada between 2021 and 2022 were China ($3.53M), Italy ($2.07M), and Finland ($404k).

Latest Trends

February 2024

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Overview In February 2024 Canada's Hydraulic Turbines exports accounted up to C$1.73M and imports accounted up to C$1.92M, resulting in a negative trade balance of C$193k. Between February 2023 and February 2024 the exports of Canada's Hydraulic Turbines have increased by C$1.21M (236%) from C$514k to C$1.73M, while imports decreased by C$-1.04M (-35.2%) from C$2.96M to C$1.92M.

Destinations In February 2024, Hydraulic Turbines were exported mostly to United States (C$1.57M), China (C$93.3k), and Brazil (C$60.1k), and were imported mostly from United States (C$766k), United Kingdom (C$291k), South Korea (C$242k), Czechia (C$210k), and Germany (C$194k).

Growth In February 2024, the increase in Hydraulic Turbines's year-by-year exports was explained primarily by an increase in exports to United States (C$133k or 14.2%). In February 2024, the decrease in Hydraulic Turbines's year-by-year imports was explained primarily by a decrease in imports from China (C$-441k or -98.8%) and Germany (C$-116k or -99.7%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)C$1.21M(236%)

IMPORT GROWTH (February 2023 - February 2024)C$-1.04M(-35.2%)

MAIN EXPORTER (February 2024)QuebecC$1.48M

MAIN DESTINATION (February 2024)United StatesC$1.57M

This section shows Hydraulic Turbines's exports and imports data at subnational level for Canada. 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

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$19.8M

IMPORTS (2022)$31.2M

NET TRADE (2022)-$11.4M

In 2022, Canada exported $19.8M in Hydraulic Turbines. The main destinations of Canada exports on Hydraulic Turbines were United States ($16.5M), United Arab Emirates ($1.09M), Canada ($1.07M), United Kingdom ($268k), and Norway ($163k).

In 2022, Canada imported $31.2M in Hydraulic Turbines, mainly from United States ($7.74M), Mexico ($4.84M), China ($4.44M), Czechia ($3.13M), and Slovenia ($2.68M).

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