2023
Exports
$348MWorld Rnk 23 / 199
Flag Rnk 72 / 96
2023
PRODUCT COMPLEXITY IN Railway and trams
1.49Rnk 47 / 1025
2023
Imports
$716MWorld Rnk 17 / 216
Flag Rnk 54 / 96
2023
ECONOMIC COMPLEXITY of India
0.65Rnk 39 / 132

About

Exports In 2023, India exported $348M in Railway and trams, making it the 23rd largest exporter of Railway and trams in the world. At the same year, Railway and trams was the 72nd most exported product in India. The main destination of Railway and trams exports from India are: Canada ($103M), United States ($76.7M), Austria ($22.4M), Mozambique ($17.8M), and Mexico ($15.1M).

The fastest growing export markets for Railway and trams of India between 2022 and 2023 were Canada ($48.6M), United States ($30.6M), and Austria ($19.6M).

Imports In 2023, India imported $716M 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 54th most imported product in India. India imports Railway and trams primarily from: China ($439M), Germany ($45.8M), United States ($43.3M), Austria ($27.5M), and Hungary ($24.9M).

The fastest growing import markets in Railway and trams for India between 2022 and 2023 were China ($199M), Hungary ($9.1M), and Ukraine ($3.2M).

COMPANIES In 2023, leading companies such as Team Hardinger (52), J.C. Bamford (14), and ZF Friedrichshafen (5) were at the forefront of shipping Railway and trams from India to the United States.

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

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

The following visualization shows the latest trends on Railway and trams. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$348M
IMPORTS (2023)$716M
NET TRADE (2023)-$368M

In 2023, India exported $348M in Railway and trams. The main destinations of India exports on Railway and trams were Canada ($103M), United States ($76.7M), Austria ($22.4M), Mozambique ($17.8M), and Mexico ($15.1M).

In 2023, India imported $716M in Railway and trams, mainly from China ($439M), Germany ($45.8M), United States ($43.3M), Austria ($27.5M), and Hungary ($24.9M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Railway and trams EXPORT MARKETS FOR India WERE (2022 - 2023):
Canada$48.6M (89.5%)
United States$30.6M (66.3%)
Austria$19.6M (720%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Railway and trams BY India WERE (2022 - 2023):
Australia-$131M (-91.2%)
Mozambique-$40.8M (-69.7%)
Sri Lanka-$22M (-95.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, India's main exporting competitors in Railway and trams were:
In 2023, India's main importing competitors in Railway and trams were:

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Trade Value of Railway and trams by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $22.7M
TOP IMPORT POTENTIALChina+ $128M

Railway and trams’s highest export potential is United States. With an export gap of $22.7M.   Railway and trams’s highest import potential is China with an import gap of $128M.

See methodology.

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