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2022
Exports $573MWorld Rnk 2 / 126
Flag Rnk 557 / 1216
2022
Destination $31.2M United States
2021 - 2022
FASTEST GROWING MARKET $31.2MNigeria
2022
PRODUCT COMPLEXITY IN Iron Railway Products0.37Rnk 418 / 1025
2022
Imports $42.7MWorld Rnk 27 / 203
Flag Rnk 810 / 1212
2022
Origin $5.99M Luxembourg
2021 - 2022
FASTEST GROWING ORIGIN $5.99MLuxembourg
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $573M in Iron Railway Products, making it the 2nd largest exporter of Iron Railway Products in the world. At the same year, Iron Railway Products was the 557th most exported product in China. The main destination of Iron Railway Products exports from China are: United States ($41.8M), Mongolia ($40.5M), Mexico ($40.3M), Indonesia ($32.3M), and Nigeria ($32M).

The fastest growing export markets for Iron Railway Products of China between 2021 and 2022 were Nigeria ($31.2M), Tanzania ($27.5M), and Mongolia ($24.9M).

Imports In 2022, China imported $42.7M in Iron Railway Products, becoming the 27th largest importer of Iron Railway Products in the world. At the same year, Iron Railway Products was the 810th most imported product in China. China imports Iron Railway Products primarily from: Luxembourg ($12.9M), Germany ($9.76M), Austria ($7.06M), Poland ($2M), and Russia ($1.91M).

The fastest growing import markets in Iron Railway Products for China between 2021 and 2022 were Luxembourg ($5.99M), Spain ($1.46M), and United Kingdom ($1.41M).

COMPANIES In 2023, leading companies such as Cloud Network Technology (60), CrimsonLogic (36), and Volvo (22) were at the forefront of shipping Iron Railway Products from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Iron Railway Products exports accounted up to $57M and imports accounted up to $1.29M, resulting in a positive trade balance of $55.7M. Between October 2023 and October 2024 the exports of China's   Iron Railway Products have increased by $28.1M (97.1%) from $28.9M to $57M, while imports decreased by $-447k (-25.7%) from $1.74M to $1.29M.

Destinations In October 2024, Iron Railway Products were exported mostly to Nigeria ($15.8M), Guinea ($8.01M), Brazil ($5.27M), Malaysia ($5.23M), and Mexico ($3.85M), and were imported mostly from Luxembourg ($809k), China ($152k), Turkey ($115k), Germany ($85.7k), and Belgium ($68.1k).

Growth In October 2024, the increase in Iron Railway Products's year-by-year exports was explained primarily by an increase in exports to United States ($6.6M or 289%), Vietnam ($2.55M or 302%), and Guinea ($1.79M or 12.3k%). In October 2024, the decrease in Iron Railway Products's year-by-year imports was explained primarily by a decrease in imports from Austria ($-873k or -57.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$28.1M(97.1%)
IMPORT GROWTH (October 2023 - October 2024)$-447k(-25.7%)
MAIN EXPORTER (October 2024)Guangdong Province$31.3M
MAIN DESTINATION (October 2024)Nigeria$15.8M

This section shows Iron Railway Products's exports and imports data at subnational level for China. 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 Iron Railway Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$573M
IMPORTS (2022)$42.7M
NET TRADE (2022)$531M

In 2022, China exported $573M in Iron Railway Products. The main destinations of China exports on Iron Railway Products were United States ($41.8M), Mongolia ($40.5M), Mexico ($40.3M), Indonesia ($32.3M), and Nigeria ($32M).

In 2022, China imported $42.7M in Iron Railway Products, mainly from Luxembourg ($12.9M), Germany ($9.76M), Austria ($7.06M), Poland ($2M), and Russia ($1.91M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Railway Products EXPORT MARKETS FOR China WERE (2021 - 2022):
Nigeria$31.2M (3.88k%)
Tanzania$27.5M (6.13k%)
Mongolia$24.9M (161%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Railway Products BY China WERE (2021 - 2022):
Brazil-$41.8M (-59.6%)
Laos-$15.5M (-89.1%)
Indonesia-$11.9M (-26.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Iron Railway Products were:
Austria $627M
United States $334M
In 2022, China's main importing competitors in Iron Railway Products were:
Germany $452M
Canada $299M
United States $216M

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Trade Value of Iron Railway Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $10.4M
TOP IMPORT POTENTIALAustria+ $2.12M

Iron Railway Products’s highest export potential is India. With an export gap of $10.4M.   Iron Railway Products’s highest import potential is Austria with an import gap of $2.12M.

See methodology.

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