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Railway & tramway axles, wheels and parts

860719 (Harmonized System 1992 for 6-digit)

2023
World Trade $4.23BRnk 848 / 4644
2023
Top Exporter | Top Importer $870M | $532MChina | Mexico
2023
Product Complexity 0.53Rnk 1609 / 4656
2022 - 2023
Export Growth (CAGR) 22.7%Rnk 238 / 4644
2023
Share of World Trade 0.019%Rnk 848 / 4644

About

Overview This page contains the latest trade data of Axles, wheels and parts. In 2023, Axles, wheels and parts were the world's 848th most traded product, with a total trade of $4.23B. Between 2022 and 2023 the exports of Axles, wheels and parts grew by 22.7%, from $3.45B to $4.23B. Trade in Axles, wheels and parts represent 0.019% of total world trade.

Axles, wheels and parts are a part of Locomotive Parts.

Exports In 2023 the top exporters of Axles, wheels and parts  were China ($870M), United States ($700M), Germany ($439M), Czechia ($362M), and Italy ($230M).

Imports In 2023 the top importers of Axles, wheels and parts were Mexico ($532M), United States ($399M), India ($374M), Germany ($284M), and Canada ($280M).

Ranking Axles, wheels and parts ranks 1609th in the Product Complexity Index (PCI).

Description Axles, wheels, and parts are used in railways and trams. Axles are used to attach wheels to cars and to transmit power. Wheels are typically attached to axles. Parts are a hodgepodge of components used in railways and trams.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Axles, wheels and parts. Countries are shown based on data availability.

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

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)China$870M
Top Destination (2023)Mexico$532M

In 2023 Axles, wheels and parts were the world's 848th most traded product (out of 4,644).

In 2023, the top exporters of Axles, wheels and parts were China ($870M), United States ($700M), Germany ($439M), Czechia ($362M), and Italy ($230M).

In 2023, the top importers of Axles, wheels and parts were Mexico ($532M), United States ($399M), India ($374M), Germany ($284M), and Canada ($280M).

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Exporters of Axles, wheels and parts (2023)
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Importers of Axles, wheels and parts (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$402M
Top Destination Growth (2022 -  2023)India$278M

Between 2022 and 2023, the exports of Axles, wheels and parts grew the fastest in China ($402M), Poland ($117M), Czechia ($70.2M), Italy ($35.5M), and Germany ($35.1M).

Between 2022 and 2023, the fastest growing importers of Axles, wheels and parts were India ($278M), Netherlands ($132M), Mexico ($72M), Poland ($61.6M), and United States ($58.2M).

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Exporters of Axles, wheels and parts (2022 - 2023)

Importers of Axles, wheels and parts (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Axles, wheels and parts.

In 2023, market concentration measured using Shannon Entropy, was 4.05. This means that most of the exports of Axles, wheels and parts are explained by 16 countries.

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Value of Exports in Axles, wheels and parts

Net Trade

TOP NET EXPORTER (2023)China$692M
TOP NET IMPORTER (2023)Mexico$484M

This map shows which countries export or import more of Axles, wheels and parts. Each country is colored based on the difference in exports and imports of Axles, wheels and parts during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Axles, wheels and parts were China ($692M), United States ($302M), Czechia ($293M), Italy ($195M), and Germany ($155M).

In 2023, the countries that had a largest trade value in imports than in exports of Axles, wheels and parts were Mexico ($484M), India ($338M), Canada ($145M), Netherlands ($143M), and Slovakia ($90.1M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Axles, wheels and parts.
It is possible to select the main countries that export or import Axles, wheels and parts in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Axles, wheels and parts by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

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