Iron Railway Products7302 (Harmonized System 1992 for 4-digit)
2020 World Trade: $3.2B, Rnk 603 / 1217
2020 Top Exporter | Top Importer: $517M | undefined, Austria | N/A
2020 Product Complexity: 0.67, Rnk 295 / 1028
undefined - 2020 Export Growth (CAGR): -13%, Rnk 834 / 1217
2018 Mean Tariff: 4.57%, Rnk 907 / 1259
2020 Share of World Trade: 0.019%, Rnk 603 / 1217
Overview This page contains the latest trade data of Iron Railway Products. In 2020, Iron Railway Products were the world's 603rd most traded product, with a total trade of $3.2B. Between N/A and 2020 the exports of Iron Railway Products decreased by -13%, from N/A to $3.2B. Trade in Iron Railway Products represent 0.019% of total world trade.
Iron Railway Products include Railway/tramway rails, iron or steel, Rail/tramway construction material of iron/steel, nes, Railway/tramway switch/crossing material, iron/steel, Railway fish plates and sole plates, iron or steel, and Sleepers (cross-ties), iron or steel.
Exports In 2020 the top exporters of Iron Railway Products were Austria ($517M), China ($365M), Japan ($269M), Spain ($217M), and Poland ($215M).
Imports In 2020 the top importers of Iron Railway Products were N/A.
Tariffs In 2018 the average tariff for Iron Railway Products was 4.57%, making it the 907th lowest tariff using the HS4 product classification.
Ranking Iron Railway Products ranks 295th in the Product Complexity Index (PCI).
Description Rail tracks are used to transport people and goods. They can be made from a variety of materials, including steel, wood, or concrete.
The following visualization shows the latest trends on Iron Railway Products. 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.
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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