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2022
Exports $9.83BWorld Rnk 1 / 194
Flag Rnk 41 / 96
2022
Destination $1.23B United States
2021 - 2022
FASTEST GROWING MARKET $1.23BUnited States
2022
PRODUCT COMPLEXITY IN Railway and trams1.48Rnk 58 / 1025
2022
Imports $612MWorld Rnk 17 / 217
Flag Rnk 80 / 96
2022
Origin $32.8M Germany
2021 - 2022
FASTEST GROWING ORIGIN $32.8MChina
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $9.83B in Railway and trams, making it the 1st largest exporter of Railway and trams in the world. At the same year, Railway and trams was the 41st most exported product in China. The main destination of Railway and trams exports from China are: United States ($2.23B), Russia ($646M), United Kingdom ($510M), Australia ($504M), and Indonesia ($496M).

The fastest growing export markets for Railway and trams of China between 2021 and 2022 were United States ($1.23B), Russia ($427M), and Indonesia ($399M).

Imports In 2022, China imported $612M in Railway and trams, becoming the 17th largest importer of Railway and trams in the world. At the same year, Railway and trams was the 80th most imported product in China. China imports Railway and trams primarily from: Germany ($164M), China ($64.4M), South Korea ($58.5M), Czechia ($37.8M), and Japan ($37.3M).

The fastest growing import markets in Railway and trams for China between 2021 and 2022 were China ($32.8M), Malaysia ($12M), and Spain ($11.6M).

COMPANIES In 2023, leading companies such as Electrolux (77), Siemens (58), and CrimsonLogic (53) were at the forefront of shipping Railway and trams from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Railway and trams exports accounted up to $1.98B and imports accounted up to $55.6M, resulting in a positive trade balance of $1.93B. Between October 2023 and October 2024 the exports of China's   Railway and trams have increased by $1.11B (127%) from $874M to $1.98B, while imports increased by $18.6M (50.2%) from $37M to $55.6M.

Destinations In October 2024, Railway and trams were exported mostly to Hong Kong ($501M), United States ($335M), Switzerland ($215M), Germany ($105M), and Japan ($85.2M), and were imported mostly from Germany ($13.5M), Italy ($9.13M), Turkey ($7.23M), Japan ($5.21M), and China ($4.32M).

Growth In October 2024, the increase in Railway and trams's year-by-year exports was explained primarily by an increase in exports to Chile ($23.9M or 12.2k%), Mexico ($15.4M or 115%), and Egypt ($12.3M or 33.8k%). In October 2024, the increase in Railway and trams's year-by-year imports was explained primarily by an increase in imports from Germany ($9.03M or 41.9%), China ($2.82M or 92.3%), and Malaysia ($1.14M or 9.11k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$1.11B(127%)
IMPORT GROWTH (October 2023 - October 2024)$18.6M(50.2%)
MAIN EXPORTER (October 2024)Jiangsu Province$814M
MAIN DESTINATION (October 2024)Hong Kong$501M

This section shows Railway and trams'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 Railway and trams over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$9.83B
IMPORTS (2022)$612M
NET TRADE (2022)$9.21B

In 2022, China exported $9.83B in Railway and trams. The main destinations of China exports on Railway and trams were United States ($2.23B), Russia ($646M), United Kingdom ($510M), Australia ($504M), and Indonesia ($496M).

In 2022, China imported $612M in Railway and trams, mainly from Germany ($164M), China ($64.4M), South Korea ($58.5M), Czechia ($37.8M), and Japan ($37.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Railway and trams EXPORT MARKETS FOR China WERE (2021 - 2022):
United States$1.23B (122%)
Russia$427M (194%)
Indonesia$399M (413%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Railway and trams BY China WERE (2021 - 2022):
Denmark-$662M (-99.5%)
Germany-$492M (-64.1%)
Singapore-$312M (-51.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Railway and trams were:
United States $3.41B
Germany $3.35B
In 2022, China's main importing competitors in Railway and trams were:
United States $4.08B
Germany $3.47B
Canada $1.66B

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Trade Value of Railway and trams by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $128M
TOP IMPORT POTENTIALUnited States+ $24.2M

Railway and trams’s highest export potential is India. With an export gap of $128M.   Railway and trams’s highest import potential is United States with an import gap of $24.2M.

See methodology.

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