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Railway or tramway locomotives or rolling stock; parts thereof

8607 (Harmonized System 1992 for 4-digit)

2023
World Trade $14BRnk 282 / 1217
2023
Top Exporter | Top Importer $2.09B | $1.55BChina | Germany
2023
Product Complexity 0.72Rnk 282 / 1044
2022 - 2023
Export Growth (CAGR) 9.01%Rnk 175 / 1217
2023
Share of World Trade 0.062%Rnk 282 / 1217

About

Overview This page contains the latest trade data of Locomotive Parts. In 2023, Locomotive Parts were the world's 282nd most traded product, with a total trade of $14B. Between 2022 and 2023 the exports of Locomotive Parts grew by 9.01%, from $12.8B to $14B. Trade in Locomotive Parts represent 0.062% of total world trade.

Locomotive Parts are a part of Railway and trams. They include Other Railway rolling stock , Axles, wheels and parts, Air brakes, parts for railway rolling stock, Other Railway locomotive parts, Coupling devices, Driving bogies & Bissel-bogies, Non Driving bogies & bissel-bogies, and Brakes except air, parts for railway rolling stock.

Exports In 2023 the top exporters of Locomotive Parts  were China ($2.09B), Germany ($1.94B), United States ($1.67B), Czechia ($1.02B), and Poland ($874M).

Imports In 2023 the top importers of Locomotive Parts were Germany ($1.55B), Mexico ($1.27B), United States ($1.04B), France ($875M), and Italy ($701M).

Ranking Locomotive Parts ranks 282nd in the Product Complexity Index (PCI).

Description Parts of railway or tramway locomotives or rolling stock are used in the production of other goods. They can be made from a variety of materials, including steel, aluminum, and copper.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Locomotive Parts. 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$2.09B
Top Destination (2023)Germany$1.55B

In 2023 Locomotive Parts were the world's 282nd most traded product (out of 1,217).

In 2023, the top exporters of Locomotive Parts were China ($2.09B), Germany ($1.94B), United States ($1.67B), Czechia ($1.02B), and Poland ($874M).

In 2023, the top importers of Locomotive Parts were Germany ($1.55B), Mexico ($1.27B), United States ($1.04B), France ($875M), and Italy ($701M).

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Exporters of Locomotive Parts (2023)
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Importers of Locomotive Parts (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$464M
Top Destination Growth (2022 -  2023)Mexico$219M

Between 2022 and 2023, the exports of Locomotive Parts grew the fastest in China ($464M), Poland ($173M), Czechia ($148M), Spain ($118M), and United States ($117M).

Between 2022 and 2023, the fastest growing importers of Locomotive Parts were Mexico ($219M), India ($210M), France ($171M), Netherlands ($148M), and Austria ($118M).

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Exporters of Locomotive Parts (2022 - 2023)

Importers of Locomotive Parts (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Locomotive Parts.

In 2023, market concentration measured using Shannon Entropy, was 4.31. This means that most of the exports of Locomotive Parts are explained by 19 countries.

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Value of Exports in Locomotive Parts

Net Trade

TOP NET EXPORTER (2023)China$1.68B
TOP NET IMPORTER (2023)Mexico$1.03B

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

In 2023, the countries that had a largest trade value in exports than in imports of Locomotive Parts were China ($1.68B), Czechia ($707M), United States ($630M), Germany ($392M), and Hungary ($284M).

In 2023, the countries that had a largest trade value in imports than in exports of Locomotive Parts were Mexico ($1.03B), United Kingdom ($520M), India ($402M), France ($329M), and Canada ($281M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Locomotive Parts, disaggragated by their HS6 level were Other Railway rolling stock ($4.9B), Axles, wheels and parts ($4.23B), Air brakes, parts for railway rolling... ($1.39B), Other Railway locomotive parts ($1.07B), and Coupling devices ($879M)

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

Top 10 Exporters Countries of Locomotive Parts by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $19.2M
TOP IMPORT POTENTIALChina+ $30.1M

Locomotive Parts’s highest export potential is China. With an export gap of $19.2M.  Locomotive Parts’s highest import potential is China with an import gap of $30.1M.

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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 Locomotive Parts.

Country by Relatedness

The following visualization shows the relatedness of Locomotive Parts 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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