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Rail locomotives; powered from an external source of electricity or by electric accumulators

8601 (Harmonized System 1992 for 4-digit)

2023
World Trade $1.14BRnk 905 / 1217
2023
Top Exporter | Top Importer $379M | $142MGermany | Singapore
2023
Product Complexity 0.8Rnk 252 / 1044
2022 - 2023
Export Growth (CAGR) -19.9%Rnk 1036 / 1217
2023
Share of World Trade 0.005%Rnk 905 / 1217

About

Overview This page contains the latest trade data of Electric Locomotives. In 2023, Electric Locomotives were the world's 905th most traded product, with a total trade of $1.14B. Between 2022 and 2023 the exports of Electric Locomotives decreased by -19.9%, from $1.42B to $1.14B. Trade in Electric Locomotives represent 0.005% of total world trade.

Electric Locomotives are a part of Railway and trams. They include Rail locomotives, externally electrically powered and Rail locomotives powered by electric accumulators.

Exports In 2023 the top exporters of Electric Locomotives  were Germany ($379M), China ($255M), Italy ($131M), Spain ($80.5M), and France ($77.1M).

Imports In 2023 the top importers of Electric Locomotives were Singapore ($142M), Spain ($120M), Belgium ($75M), Slovakia ($73.7M), and Israel ($69.7M).

Ranking Electric Locomotives ranks 252nd in the Product Complexity Index (PCI).

Description Rail locomotives are used to transport people and goods from one place to another. They can be powered by electricity or by electric accumulators.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Electric Locomotives. 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)Germany$379M
Top Destination (2023)Singapore$142M

In 2023 Electric Locomotives were the world's 905th most traded product (out of 1,217).

In 2023, the top exporters of Electric Locomotives were Germany ($379M), China ($255M), Italy ($131M), Spain ($80.5M), and France ($77.1M).

In 2023, the top importers of Electric Locomotives were Singapore ($142M), Spain ($120M), Belgium ($75M), Slovakia ($73.7M), and Israel ($69.7M).

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Exporters of Electric Locomotives (2023)
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Importers of Electric Locomotives (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$78.1M
Top Destination Growth (2022 -  2023)Singapore$133M

Between 2022 and 2023, the exports of Electric Locomotives grew the fastest in China ($78.1M), Spain ($35.2M), Austria ($10.1M), Serbia ($9.75M), and Netherlands ($9.23M).

Between 2022 and 2023, the fastest growing importers of Electric Locomotives were Singapore ($133M), Israel ($69.5M), Australia ($58.8M), Poland ($35.8M), and Turkey ($33.8M).

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Exporters of Electric Locomotives (2022 - 2023)

Importers of Electric Locomotives (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Electric Locomotives.

In 2023, market concentration measured using Shannon Entropy, was 3.1. This means that most of the exports of Electric Locomotives are explained by 8 countries.

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Value of Exports in Electric Locomotives

Net Trade

TOP NET EXPORTER (2023)Germany$343M
TOP NET IMPORTER (2023)Singapore$142M

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

In 2023, the countries that had a largest trade value in exports than in imports of Electric Locomotives were Germany ($343M), China ($253M), Italy ($124M), France ($73.6M), and South Korea ($40.3M).

In 2023, the countries that had a largest trade value in imports than in exports of Electric Locomotives were Singapore ($142M), Belgium ($74.9M), Israel ($69.7M), Slovakia ($65.9M), and Australia ($64.2M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Electric Locomotives, disaggragated by their HS6 level were Rail locomotives, externally electrically powered ($946M) and Rail locomotives powered by electric accumulators ($193M)

HS6 Disaggregation for Electric Locomotives (2023)
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Country Comparison

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Ranking

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

Top 10 Exporters Countries of Electric Locomotives by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $776k
TOP IMPORT POTENTIALGermany+ $554k

Electric Locomotives’s highest export potential is United States. With an export gap of $776k.  Electric Locomotives’s highest import potential is Germany with an import gap of $554k.

See methodology.

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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)

Related Products

This visualization shows products that are likely to be exported by countries that export Electric Locomotives.

Country by Relatedness

The following visualization shows the relatedness of Electric Locomotives to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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