Iron Railway Products7302 (Harmonized System 1992 for 4-digit)
2020 World Trade: $3.2B, Rnk 603 / 1217
2020 Top Exporter | Top Importer: $517M | $318M, Germany | Austria
2020 Product Complexity: 0.67, Rnk 295 / 1028
2019 - 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 2019 and 2020 the exports of Iron Railway Products decreased by -13%, from $3.68B to $3.2B. Trade in Iron Railway Products represent 0.019% of total world trade.
Iron Railway Products are a part of Iron or 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 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 Germany ($318M), Canada ($236M), Italy ($198M), United States ($131M), and Switzerland ($104M).
Tariffs In 2018 the average tariff for Iron Railway Products was 4.57%, making it the 907th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Iron Railway Products are Bahamas (40.2%), Bermuda (25%), Cayman Islands (22%), and Bhutan (19.6%). The countries with the lowest tariffs are Angola (0%), Ethiopia (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).
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.
Trade By Country
Iron Railway Products are the world's 603rd most traded product.
In 2020, the top exporters of Iron Railway Products were Austria ($517M), China ($365M), Japan ($269M), Spain ($217M), and Poland ($215M).
In 2020, the top importers of Iron Railway Products were Germany ($318M), Canada ($236M), Italy ($198M), United States ($131M), and Switzerland ($104M).
Trade by country
Top Origin Growth (2019 - 2020): Russia, $30.5M
Top Destination Growth (2019 - 2020): Mongolia, $84.6M
Between 2019 and 2020, the exports of Iron Railway Products grew the fastest in Russia ($30.5M), Italy ($24.8M), Poland ($21.9M), Slovakia ($9.45M), and India ($9.09M).
Between 2019 and 2020, the fastest growing importers of Iron Railway Products were Mongolia ($84.6M), Uruguay ($40M), Laos ($35.5M), Germany ($25.3M), and United Arab Emirates ($21.8M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Iron Railway Products.
In 2020, market concentration measured using Shannon Entropy, was 4.26. This means that most of the exports of Iron Railway Products are explained by 19 countries.
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 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Iron Railway Products were Austria ($475M), China ($323M), Japan ($262M), Spain ($194M), and Russia ($157M).
In 2020, the countries that had a largest trade value in imports than in exports of Iron Railway Products were Canada ($216M), Germany ($126M), Italy ($108M), Mongolia ($98.2M), and Brazil ($87.2M).
In 2019, the world most traded Iron Railway Products, disaggragated by their HS6 level were Railway/tramway rails, iron or steel ($2B), Railway/tramway switch/crossing material, iron/steel ($578M), Rail/tramway construction material of iron/steel, nes ($446M), and Railway fish plates and sole plates,... ($176M)
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.
In 2018, the average tariff for importing Iron Railway Products was 4.57%. The countries with the highest tariffs for importing Iron Railway Products were Bahamas (40.2%), Bermuda (25%), Cayman Islands (22%), and Bhutan (19.6%).
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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