HS Icon Railway Freight Cars

8606 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Railway Freight Cars. In 2020, Railway Freight Cars were the world's 604th most traded product, with a total trade of $3.13B. Between 2019 and 2020 the exports of Railway Freight Cars decreased by -55.2%, from $7B to $3.13B. Trade in Railway Freight Cars represent 0.019% of total world trade.

Railway Freight Cars are a part of Railway and other rolling stock. They include Railway tank cars, Railway cars nes, Railway cars nes, open, with sides > 60 cm high, Railway cars nes, closed and covered, Railway cars, self-discharging, nes, and Railway wagons, insulated/refrigerated except tank ca.

Exports In 2020 the top exporters of Railway Freight Cars  were United States ($519M), Slovakia ($484M), Mexico ($437M), China ($234M), and Russia ($205M).

Imports In 2020 the top importers of Railway Freight Cars were United States ($475M), Germany ($405M), Canada ($401M), Mexico ($193M), and Czechia ($170M).

Tariffs In 2018 the average tariff for Railway Freight Cars was 7.23%, making it the 603rd lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Railway Freight Cars are Bahamas (40.2%), Bermuda (25%), Nauru (25%), and Maldives (24.5%). The countries with the lowest tariffs are Angola (0%), Ethiopia (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking Railway Freight Cars ranks 671st in the Product Complexity Index (PCI).

Description Goods vans and wagons are used to transport goods. They can be made from a variety of materials, including steel, aluminum, or wood.

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Y-AXIS SCALE

The following visualization shows the latest trends on Railway Freight Cars. 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): United States, $519M

Top Destination (2020): United States, $475M

Railway Freight Cars are the world's 604th most traded product.

In 2020, the top exporters of Railway Freight Cars were United States ($519M), Slovakia ($484M), Mexico ($437M), China ($234M), and Russia ($205M).

In 2020, the top importers of Railway Freight Cars were United States ($475M), Germany ($405M), Canada ($401M), Mexico ($193M), and Czechia ($170M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): Slovakia, $80.8M

Top Destination Growth (2019 - 2020): Austria, $60.8M

Between 2019 and 2020, the exports of Railway Freight Cars grew the fastest in Slovakia ($80.8M), Czechia ($56.6M), Germany ($32.7M), South Africa ($26.2M), and Japan ($23.5M).

Between 2019 and 2020, the fastest growing importers of Railway Freight Cars were Austria ($60.8M), Mexico ($56.2M), Poland ($52M), Czechia ($38.9M), and Slovakia ($38M).

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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 Railway Freight Cars.

In 2020,  market concentration measured using Shannon Entropy, was 3.99. This means that most of the exports of Railway Freight Cars are explained by 15 countries.

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TOP NET EXPORTER (2020): Slovakia, $392M

TOP NET IMPORTER (2020): Germany, $314M

This map shows which countries export or import more of Railway Freight Cars. Each country is colored based on the difference in exports and imports of Railway Freight Cars during 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Railway Freight Cars were Slovakia ($392M), Mexico ($244M), China ($232M), Romania ($161M), and Russia ($116M).

In 2020, the countries that had a largest trade value in imports than in exports of Railway Freight Cars were Germany ($314M), Canada ($276M), Australia ($138M), Kazakhstan ($119M), and Austria ($104M).

Disaggregation

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Value

In 2019, the world most traded Railway Freight Cars, disaggragated by their HS6 level were Railway cars nes ($1.08B), Railway cars nes, closed and covered ($607M), Railway tank cars ($590M), Railway cars nes, open, with sides... ($503M), and Railway cars, self-discharging, nes ($349M)

Country Comparison

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

Import Tariffs

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In 2018, the average tariff for importing Railway Freight Cars was 7.23%. The countries with the highest tariffs for importing Railway Freight Cars were Bahamas (40.2%), Bermuda (25%), Nauru (25%), and Maldives (24.5%).

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 Railway Freight Cars to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.