Locomotive Parts8607 (Harmonized System 1992 for 4-digit)
2020 World Trade: $12B, Rnk 262 / 1217
2020 Top Exporter | Top Importer: $2.15B | $1.68B, Germany | Germany
2020 Product Complexity: 0.64, Rnk 306 / 1028
2019 - 2020 Export Growth (CAGR): -6.42%, Rnk 576 / 1217
2018 Mean Tariff: 4.75%, Rnk 871 / 1259
2020 Share of World Trade: 0.072%, Rnk 262 / 1217
Overview This page contains the latest trade data of Locomotive Parts. In 2020, Locomotive Parts were the world's 262nd most traded product, with a total trade of $12B. Between 2019 and 2020 the exports of Locomotive Parts decreased by -6.42%, from $12.8B to $12B. Trade in Locomotive Parts represent 0.072% 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 2020 the top exporters of Locomotive Parts were Germany ($2.15B), China ($1.29B), United States ($938M), Austria ($857M), and Czechia ($752M).
Imports In 2020 the top importers of Locomotive Parts were Germany ($1.68B), United States ($784M), France ($677M), Poland ($661M), and United Kingdom ($610M).
Tariffs In 2018 the average tariff for Locomotive Parts was 4.75%, making it the 871st lowest tariff using the HS4 product classification.
Ranking Locomotive Parts ranks 306th 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.
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.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Locomotive Parts are the world's 262nd most traded product.
In 2020, the top exporters of Locomotive Parts were Germany ($2.15B), China ($1.29B), United States ($938M), Austria ($857M), and Czechia ($752M).
In 2020, the top importers of Locomotive Parts were Germany ($1.68B), United States ($784M), France ($677M), Poland ($661M), and United Kingdom ($610M).
Trade by country
Top Origin Growth (2019 - 2020): Austria, $126M
Top Destination Growth (2019 - 2020): Hong Kong, $68.3M
Between 2019 and 2020, the exports of Locomotive Parts grew the fastest in Austria ($126M), Spain ($91.4M), Hong Kong ($64.6M), Germany ($51M), and Kazakhstan ($35.4M).
Between 2019 and 2020, the fastest growing importers of Locomotive Parts were Hong Kong ($68.3M), China ($68.1M), Austria ($66.3M), Netherlands ($51.5M), and Burma ($43.9M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Locomotive Parts.
In 2020, market concentration measured using Shannon Entropy, was 4.41. This means that most of the exports of Locomotive Parts are explained by 21 countries.
TOP NET EXPORTER (2020): China, $679M
TOP NET IMPORTER (2020): United Kingdom, $495M
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 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Locomotive Parts were China ($679M), Czechia ($534M), Germany ($469M), Austria ($405M), and Spain ($298M).
In 2020, the countries that had a largest trade value in imports than in exports of Locomotive Parts were United Kingdom ($495M), Canada ($371M), Russia ($290M), India ($252M), and Mexico ($250M).
In 2020, the world most traded Locomotive Parts, disaggragated by their HS6 level were Other Railway rolling stock ($3.9B), Axles, wheels and parts ($3.22B), Air brakes, parts for railway rolling... ($1.54B), Other Railway locomotive parts ($1.03B), and Coupling devices ($838M)
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.
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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