HS Icon Locomotive Parts

8607 (Harmonized System 1992 for 4-digit)

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.

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Y-AXIS SCALE

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.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2020): Germany, $2.15B

Top Destination (2020): Germany, $1.68B

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).

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Market Dynamics

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Trade by country

Value

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).

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Market Concentration

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Cumulative market share

Value

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.

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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).

Disaggregation

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Value

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)

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.

Product Complexity

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Diversification Frontier

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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.

Country by Relatedness

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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.