Electric Locomotives8601 (Harmonized System 1992 for 4-digit)
2020 World Trade: $1.01B, Rnk 892 / 1217
2020 Top Exporter | Top Importer: $483M | $203M, Austria | Germany
2020 Product Complexity: 0.32, Rnk 437 / 1028
2019 - 2020 Export Growth (CAGR): -7.21%, Rnk 612 / 1217
2018 Mean Tariff: 5.84%, Rnk 729 / 1259
2020 Share of World Trade: 0.006%, Rnk 892 / 1217
Overview This page contains the latest trade data of Electric Locomotives. In 2020, Electric Locomotives were the world's 892nd most traded product, with a total trade of $1.01B. Between 2019 and 2020 the exports of Electric Locomotives decreased by -7.21%, from $1.08B to $1.01B. Trade in Electric Locomotives represent 0.006% of total world trade.
Electric Locomotives are a part of Railway and other rolling stock. They include Rail locomotives, externally electrically poweredand Rail locomotives powered by electric accumulators.
Exports In 2020 the top exporters of Electric Locomotives were Germany ($483M), France ($129M), China ($112M), South Korea ($75.1M), and Romania ($48.6M).
Imports In 2020 the top importers of Electric Locomotives were Austria ($203M), Hong Kong ($94.9M), Morocco ($83.6M), Switzerland ($83.4M), and Sweden ($63.2M).
Tariffs In 2018 the average tariff for Electric Locomotives was 5.84%, making it the 729th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Electric Locomotives are Bahamas (40.2%), Cayman Islands (29.5%), Bermuda (25%), and Nauru (25%). The countries with the lowest tariffs are Angola (0%), Ethiopia (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).
Ranking Electric Locomotives ranks 437th 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.
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.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Electric Locomotives are the world's 892nd most traded product.
In 2020, the top exporters of Electric Locomotives were Germany ($483M), France ($129M), China ($112M), South Korea ($75.1M), and Romania ($48.6M).
In 2020, the top importers of Electric Locomotives were Austria ($203M), Hong Kong ($94.9M), Morocco ($83.6M), Switzerland ($83.4M), and Sweden ($63.2M).
Trade by country
Top Origin Growth (2019 - 2020): France, $97.7M
Top Destination Growth (2019 - 2020): Hong Kong, $94.8M
Between 2019 and 2020, the exports of Electric Locomotives grew the fastest in France ($97.7M), South Korea ($75.1M), Romania ($36.5M), Switzerland ($30.6M), and Russia ($18.4M).
Between 2019 and 2020, the fastest growing importers of Electric Locomotives were Hong Kong ($94.8M), Morocco ($79.2M), Switzerland ($65.9M), Uzbekistan ($42.6M), and Ireland ($42.3M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Electric Locomotives.
In 2020, market concentration measured using Shannon Entropy, was 2.68. This means that most of the exports of Electric Locomotives are explained by 6 countries.
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 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Electric Locomotives were Germany ($455M), China ($112M), France ($108M), South Korea ($74.9M), and Romania ($23.2M).
In 2020, the countries that had a largest trade value in imports than in exports of Electric Locomotives were Austria ($203M), Hong Kong ($94.9M), Sweden ($52.6M), Ireland ($45.5M), and Switzerland ($43.6M).
In 2019, the world most traded Electric Locomotives, disaggragated by their HS6 level were Rail locomotives, externally electrically powered ($956M)and Rail locomotives powered by electric accumulators ($49.1M)
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.
In 2018, the average tariff for importing Electric Locomotives was 5.84%. The countries with the highest tariffs for importing Electric Locomotives were Bahamas (40.2%), Cayman Islands (29.5%), Bermuda (25%), and Nauru (25%).
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.
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