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Railway or tramway track constructions of iron or steel; rails, check and track rails, switch blades, crossing frogs, point rods, sleepers, fish-plates, chair wedges, sole plates, bedplates, ties and the like

7302 (Harmonized System 1992 for 4-digit)

2023
World Trade $4.68BRnk 562 / 1217
2023
Top Exporter | Top Importer $713M | $536MChina | Germany
2023
Product Complexity 0.59Rnk 340 / 1044
2022 - 2023
Export Growth (CAGR) 17.8%Rnk 78 / 1217
2023
Share of World Trade 0.021%Rnk 562 / 1217

About

Overview This page contains the latest trade data of Iron Railway Products. In 2023, Iron Railway Products were the world's 562nd most traded product, with a total trade of $4.68B. Between 2022 and 2023 the exports of Iron Railway Products grew by 17.8%, from $3.97B to $4.68B. Trade in Iron Railway Products represent 0.021% of total world trade.

Iron Railway Products are a part of Iron/Steel Articles. They 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 2023 the top exporters of Iron Railway Products  were China ($713M), Austria ($701M), Japan ($474M), France ($363M), and Poland ($342M).

Imports In 2023 the top importers of Iron Railway Products were Germany ($536M), Canada ($347M), Italy ($303M), Mexico ($273M), and United States ($236M).

Ranking Iron Railway Products ranks 340th 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.

Latest Trends

Latest Data

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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.

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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$713M
Top Destination (2023)Germany$536M

In 2023 Iron Railway Products were the world's 562nd most traded product (out of 1,217).

In 2023, the top exporters of Iron Railway Products were China ($713M), Austria ($701M), Japan ($474M), France ($363M), and Poland ($342M).

In 2023, the top importers of Iron Railway Products were Germany ($536M), Canada ($347M), Italy ($303M), Mexico ($273M), and United States ($236M).

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Exporters of Iron Railway Products (2023)
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Importers of Iron Railway Products (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Japan$140M
Top Destination Growth (2022 -  2023)Italy$130M

Between 2022 and 2023, the exports of Iron Railway Products grew the fastest in Japan ($140M), France ($117M), Austria ($116M), Poland ($113M), and China ($109M).

Between 2022 and 2023, the fastest growing importers of Iron Railway Products were Italy ($130M), Mexico ($111M), Germany ($102M), Romania ($54.4M), and Serbia ($52.1M).

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Exporters of Iron Railway Products (2022 - 2023)

Importers of Iron Railway Products (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Iron Railway Products.

In 2023, market concentration measured using Shannon Entropy, was 4.07. This means that most of the exports of Iron Railway Products are explained by 16 countries.

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Value of Exports in Iron Railway Products

Net Trade

TOP NET EXPORTER (2023)China$686M
TOP NET IMPORTER (2023)Canada$335M

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

In 2023, the countries that had a largest trade value in exports than in imports of Iron Railway Products were China ($686M), Austria ($659M), Japan ($465M), France ($248M), and Czechia ($246M).

In 2023, the countries that had a largest trade value in imports than in exports of Iron Railway Products were Canada ($335M), Germany ($305M), Mexico ($271M), Brazil ($167M), and Italy ($134M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Iron Railway Products, disaggragated by their HS6 level were Railway/tramway rails, iron or steel ($3.11B), Railway/tramway switch/crossing material, iron/steel ($672M), Rail/tramway construction material of iron/steel, nes ($642M), and Railway fish plates and sole plates,... ($260M)

HS6 Disaggregation for Iron Railway Products (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 Iron Railway Products.
It is possible to select the main countries that export or import Iron Railway Products in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Iron Railway Products by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALAustralia+ $1.29M
TOP IMPORT POTENTIALChina+ $9.06M

Iron Railway Products’s highest export potential is Australia. With an export gap of $1.29M.  Iron Railway Products’s highest import potential is China with an import gap of $9.06M.

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 Iron Railway Products.

Country by Relatedness

The following visualization shows the relatedness of Iron Railway Products 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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