HS Icon Self-Propelled Rail Transport

Railway or tramway coaches, vans and trucks; self-propelled tenders, other than those of heading no. 8604

8603 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Self-Propelled Rail Transport. In 2021, Self-Propelled Rail Transport were the world's 477th most traded product, with a total trade of $6.31B. Between 2020 and 2021 the exports of Self-Propelled Rail Transport grew by 24.7%, from $5.06B to $6.31B. Trade in Self-Propelled Rail Transport represent 0.0003% of total world trade.

Self-Propelled Rail Transport are a part of Railway and trams. They include Railways cars, external electric power and Railway cars except external electric.

Exports In 2021 the top exporters of Self-Propelled Rail Transport  were South Korea ($963M), China ($797M), Austria ($795M), Poland ($684M), and Germany ($635M).

Imports In 2021 the top importers of Self-Propelled Rail Transport were Germany ($746M), Austria ($473M), Israel ($366M), Australia ($350M), and Sweden ($339M).

Tariffs In 2018 the average tariff for Self-Propelled Rail Transport was 6.77%, making it the 635th lowest tariff using the HS4 product classification.

Ranking Self-Propelled Rail Transport ranks 58th in the Product Complexity Index (PCI).

Description Self-propelled railway or tramway coaches, vans and trucks are used to transport people. They can be made from a variety of materials, including steel, aluminum, and plastic.

View
Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Self-Propelled Rail Transport. 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.

Explore Latest Trends

Historical Data

#permalink to section

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2021): South Korea, $963M

Top Destination (2021): Germany, $746M

Self-Propelled Rail Transport are the world's 477th most traded product.

In 2021, the top exporters of Self-Propelled Rail Transport were South Korea ($963M), China ($797M), Austria ($795M), Poland ($684M), and Germany ($635M).

In 2021, the top importers of Self-Propelled Rail Transport were Germany ($746M), Austria ($473M), Israel ($366M), Australia ($350M), and Sweden ($339M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Color

Top Origin Growth (2020 -  2021): South Korea, $596M

Top Destination Growth (2020 -  2021): Austria, $397M

Between 2020 and 2021, the exports of Self-Propelled Rail Transport grew the fastest in South Korea ($596M), Austria ($369M), Poland ($248M), Czechia ($166M), and India ($130M).

Between 2020 and 2021, the fastest growing importers of Self-Propelled Rail Transport were Austria ($397M), Chinese Taipei ($260M), Egypt ($254M), Israel ($214M), and Hong Kong ($184M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Self-Propelled Rail Transport.

In 2021, market concentration measured using Shannon Entropy, was 3.67. This means that most of the exports of Self-Propelled Rail Transport are explained by 12 countries.

Explore Visualizations

TOP NET EXPORTER (2021): South Korea, $962M

TOP NET IMPORTER (2021): Israel, $366M

This map shows which countries export or import more of Self-Propelled Rail Transport. Each country is colored based on the difference in exports and imports of Self-Propelled Rail Transport during 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Self-Propelled Rail Transport were South Korea ($962M), China ($797M), Spain ($507M), Switzerland ($458M), and Poland ($433M).

In 2021, the countries that had a largest trade value in imports than in exports of Self-Propelled Rail Transport were Israel ($366M), Australia ($350M), Sweden ($337M), Netherlands ($299M), and Chinese Taipei ($297M).

Disaggregation

#permalink to section
Value

In 2021, the world most traded Self-Propelled Rail Transport, disaggragated by their HS6 level were Railways cars, external electric power ($5.64B) and Railway cars except external electric ($665M)

Country Comparison

#permalink to section
Flow
Measure
Ranking

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

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
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

#permalink to section

The following visualization shows the relatedness of Self-Propelled Rail Transport to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.