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860110 (Harmonized System 1992 for 6-digit)

2023
World Trade $946MRnk 2171 / 4644
2023
Top Exporter | Top Importer $371M | $120MGermany | Spain
2023
Product Complexity 0.91Rnk 923 / 4656
2022 - 2023
Export Growth (CAGR) -31.2%Rnk 4265 / 4644
2023
Share of World Trade 0.0042%Rnk 2171 / 4644

About

Overview This page contains the latest trade data of Rail locomotives, externally electrically powered. In 2023, Rail locomotives, externally electrically powered were the world's 2171st most traded product, with a total trade of $946M. Between 2022 and 2023 the exports of Rail locomotives, externally electrically powered decreased by -31.2%, from $1.37B to $946M. Trade in Rail locomotives, externally electrically powered represent 0.0042% of total world trade.

Rail locomotives, externally electrically powered are a part of Electric Locomotives.

Exports In 2023 the top exporters of Rail locomotives, externally electrically powered  were Germany ($371M), Italy ($126M), China ($93.6M), Spain ($79.7M), and France ($76.7M).

Imports In 2023 the top importers of Rail locomotives, externally electrically powered were Spain ($120M), Belgium ($75M), Slovakia ($73.7M), Israel ($68.8M), and Poland ($65M).

Ranking Rail locomotives, externally electrically powered ranks 923rd in the Product Complexity Index (PCI).

Description Rail locomotives are used for moving freight and passenger trains. They are powered by an external source of electricity.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Rail locomotives, externally electrically powered. 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)Germany$371M
Top Destination (2023)Spain$120M

In 2023 Rail locomotives, externally electrically powered were the world's 2171st most traded product (out of 4,644).

In 2023, the top exporters of Rail locomotives, externally electrically powered were Germany ($371M), Italy ($126M), China ($93.6M), Spain ($79.7M), and France ($76.7M).

In 2023, the top importers of Rail locomotives, externally electrically powered were Spain ($120M), Belgium ($75M), Slovakia ($73.7M), Israel ($68.8M), and Poland ($65M).

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Exporters of Rail locomotives, externally electrically powered (2023)
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Importers of Rail locomotives, externally electrically powered (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Spain$47.9M
Top Destination Growth (2022 -  2023)Israel$68.8M

Between 2022 and 2023, the exports of Rail locomotives, externally electrically powered grew the fastest in Spain ($47.9M), Austria ($10.1M), Serbia ($9.75M), United Kingdom ($9.12M), and Poland ($8.5M).

Between 2022 and 2023, the fastest growing importers of Rail locomotives, externally electrically powered were Israel ($68.8M), Australia ($58.5M), Poland ($36.9M), Turkey ($33.8M), and Bulgaria ($19.7M).

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Exporters of Rail locomotives, externally electrically powered (2022 - 2023)

Importers of Rail locomotives, externally electrically powered (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Rail locomotives, externally electrically powered.

In 2023, market concentration measured using Shannon Entropy, was 3.1. This means that most of the exports of Rail locomotives, externally electrically powered are explained by 8 countries.

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Value of Exports in Rail locomotives, externally electrically powered

Net Trade

TOP NET EXPORTER (2023)Germany$336M
TOP NET IMPORTER (2023)Belgium$74.9M

This map shows which countries export or import more of Rail locomotives, externally electrically powered. Each country is colored based on the difference in exports and imports of Rail locomotives, externally electrically powered during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Rail locomotives, externally electrically powered were Germany ($336M), Italy ($119M), China ($93.6M), France ($75.9M), and South Korea ($41.1M).

In 2023, the countries that had a largest trade value in imports than in exports of Rail locomotives, externally electrically powered were Belgium ($74.9M), Israel ($68.8M), Slovakia ($65.9M), Australia ($63.5M), and Poland ($52.2M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Rail locomotives, externally electrically powered.
It is possible to select the main countries that export or import Rail locomotives, externally electrically powered in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Rail locomotives, externally electrically powered by percentage of total exports

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)

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