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2022
Exports $1.58BWorld Rnk 3 / 144
Flag Rnk 346 / 1216
2022
Destination $87.6M United States
2021 - 2022
FASTEST GROWING MARKET $87.6MMexico
2022
PRODUCT COMPLEXITY IN Locomotive Parts0.82Rnk 237 / 1025
2022
Imports $390MWorld Rnk 10 / 200
Flag Rnk 399 / 1212
2022
Origin $11.5M Germany
2021 - 2022
FASTEST GROWING ORIGIN $11.5MSpain
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $1.58B in Locomotive Parts, making it the 3rd largest exporter of Locomotive Parts in the world. At the same year, Locomotive Parts was the 346th most exported product in China. The main destination of Locomotive Parts exports from China are: United States ($232M), Mexico ($175M), Australia ($134M), India ($125M), and United Kingdom ($98.6M).

The fastest growing export markets for Locomotive Parts of China between 2021 and 2022 were Mexico ($87.6M), United States ($44.6M), and United Kingdom ($37.4M).

Imports In 2022, China imported $390M in Locomotive Parts, becoming the 10th largest importer of Locomotive Parts in the world. At the same year, Locomotive Parts was the 399th most imported product in China. China imports Locomotive Parts primarily from: Germany ($145M), Japan ($35.5M), Spain ($31.5M), United States ($29.3M), and Italy ($26M).

The fastest growing import markets in Locomotive Parts for China between 2021 and 2022 were Spain ($11.5M), France ($8.29M), and Czechia ($6.16M).

COMPANIES In 2023, leading companies such as Siemens (55), PACCAR Engine (21), and Schindler Elevators (18) were at the forefront of shipping Locomotive Parts from China to the United States.

Latest Trends

July 2024

About

Overview In July 2024 China's Locomotive Parts exports accounted up to $160M and imports accounted up to $52.8M, resulting in a positive trade balance of $108M. Between July 2023 and July 2024 the exports of China's   Locomotive Parts have decreased by $-2.07M (-1.27%) from $163M to $160M, while imports increased by $18.3M (53.2%) from $34.5M to $52.8M.

Destinations In July 2024, Locomotive Parts were exported mostly to India ($32.8M), United States ($23.2M), Mexico ($16.7M), France ($9.47M), and Spain ($7.39M), and were imported mostly from Italy ($14.3M), Germany ($11M), United States ($6.48M), Turkey ($5.49M), and Czechia ($3.42M).

Growth In July 2024, the decrease in Locomotive Parts's year-by-year exports was explained primarily by a decrease in exports to Indonesia ($-4.39M or -93.4%), Nigeria ($-1.91M or -61.6%), and United Kingdom ($-1.73M or -22.5%). In July 2024, the increase in Locomotive Parts's year-by-year imports was explained primarily by an increase in imports from Germany ($13.7M or 94.2%), India ($632k or 808%), and France ($443k or 12.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-2.07M(-1.27%)
IMPORT GROWTH (July 2023 - July 2024)$18.3M(53.2%)
MAIN EXPORTER (July 2024)Jiangsu Province$34.5M
MAIN DESTINATION (July 2024)India$32.8M

This section shows Locomotive Parts'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 Locomotive Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.58B
IMPORTS (2022)$390M
NET TRADE (2022)$1.19B

In 2022, China exported $1.58B in Locomotive Parts. The main destinations of China exports on Locomotive Parts were United States ($232M), Mexico ($175M), Australia ($134M), India ($125M), and United Kingdom ($98.6M).

In 2022, China imported $390M in Locomotive Parts, mainly from Germany ($145M), Japan ($35.5M), Spain ($31.5M), United States ($29.3M), and Italy ($26M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Locomotive Parts EXPORT MARKETS FOR China WERE (2021 - 2022):
Mexico$87.6M (100%)
United States$44.6M (23.8%)
United Kingdom$37.4M (61.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Locomotive Parts BY China WERE (2021 - 2022):
South Korea-$10.4M (-11.6%)
Chinese Taipei-$9.42M (-76.9%)
Burma-$8.88M (-54.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Locomotive Parts were:
Germany $1.71B
United States $1.59B
In 2022, China's main importing competitors in Locomotive Parts were:
Germany $1.61B
Mexico $1.05B
United States $998M

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Trade Value of Locomotive Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $58.5M
TOP IMPORT POTENTIALUnited States+ $19.2M

Locomotive Parts’s highest export potential is India. With an export gap of $58.5M.   Locomotive Parts’s highest import potential is United States with an import gap of $19.2M.

See methodology.

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