HS Icon Other Locomotives

8602 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.37B, Rnk 836 / 1225

Top Exporter (2018): $690M, United States

Top Importer (2018): $224M, India

Product Complexity (2018): -0.22, Rnk 617 / 1018

Export Growth (CAGR)(2017 - 2018): 57.8%, Rnk 53 / 1225

Mean Tariff (2018): 5.89%, Rnk 713 / 1259

Share of World Trade (2018): 0.0075%, Rnk 836 / 1225

Overview:  This page contains the latest trade data of Other Locomotives. In 2018, Other Locomotives were the world's 836th most traded product, with a total trade of $1.37B. Between 2017 and 2018 the exports of Other Locomotives grew by 57.8%, from  $870M to $1.37B. Trade in Other Locomotives represent 0.0075% of total world trade.

Exports: In 2018 the top exporters of Other Locomotives  were United States ($690M), China ($290M), Germany ($96M), Russia ($79.1M), and Czechia ($52.6M).

Imports: In 2018 the top importers of Other Locomotives were India ($224M), Argentina ($111M), Kenya ($96.2M), Canada ($85.3M), and Ukraine ($77.6M).

Tariffs: In 2018 the average tariff for Other Locomotives was 5.89%, been the 713 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Locomotives are Bahamas (40.2%), Bermuda (25%), Maldives (24.5%), Romania (17.2%), and Latvia (15%). The countries with the lowest tariffs are Angola (0%), Ethiopia (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Other Locomotives ranks 617th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $690M

Top Destination (2018): India, $224M

Other Locomotives are the world's 836th most traded product.

In 2018, the top exporters of Other Locomotives were United States ($690M), China ($290M), Germany ($96M), Russia ($79.1M), and Czechia ($52.6M).

In 2018, the top importers of Other Locomotives were India ($224M), Argentina ($111M), Kenya ($96.2M), Canada ($85.3M), and Ukraine ($77.6M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $549M

Top Destination Growth (2017 - 2018): India, $220M

Between 2017 and 2018, the exports of Other Locomotives grew the fastest in United States ($549M), Russia ($40.8M), Czechia ($29.9M), Germany ($23.7M), and South Africa ($16M).

Between 2017 and 2018, the fastest growing importers of Other Locomotives were India ($220M), Canada ($85.3M), Australia ($76.9M), Ukraine ($74.3M), and Mozambique ($37.8M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Other Locomotives.

In 2018,  market concentration measured using Shannon Entropy, was 2.57. This means that most of the exports of Other Locomotives are explained by 5 countries.

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TOP NET EXPORTER (2018): United States, $683M

TOP NET IMPORTER (2018): India, $214M

This map shows which countries export or import more of Other Locomotives. Each country is colored based on the difference in exports and imports of Other Locomotives during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Other Locomotives were United States ($683M), China ($275M), Germany ($92M), Russia ($69.1M), and Czechia ($42.8M).

In 2018, the countries that had a largest trade value in imports than in exports of Other Locomotives were India ($214M), Canada ($85.1M), Ukraine ($72.7M), Brazil ($46.2M), and France ($43.7M).

Trade Forecasts

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This section shows forecasts for total trade for Other Locomotives. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Other Locomotives was 5.89%.  The countries with the highest tariffs for importing Other Locomotives were Bahamas (40.2%), Bermuda (25%), Maldives (24.5%), Romania (17.2%), and Latvia (15%).

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Product Complexity

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Diversification Frontier

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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.