HS Icon Self-Propelled Rail Transport

8603 (Harmonized System 1992 for 4-digit)

World Trade (2018): $5.81B, Rnk 465 / 1225

Top Exporter (2018): $946M, Spain

Top Importer (2018): $816M, United Kingdom

Product Complexity (2018): 1.51, Rnk 44 / 1018

Export Growth (CAGR)(2017 - 2018): -9.69%, Rnk 1174 / 1225

Mean Tariff (2018): 6.98%, Rnk 619 / 1259

Share of World Trade (2018): 0.032%, Rnk 465 / 1225

Overview: In 2018, Self-Propelled Rail Transport were the world's 465th most traded product, with a total trade of $5.81B. Between 2017 and 2018 the exports of Self-Propelled Rail Transport decreased by -9.69%, from  $6.43B to $5.81B. Trade in Self-Propelled Rail Transport represent 0.032% of total world trade.

Exports: In 2018 the top exporters of Self-Propelled Rail Transport  were Spain ($946M), Poland ($899M), Japan ($849M), China ($844M), and Germany ($752M).

Imports: In 2018 the top importers of Self-Propelled Rail Transport were United Kingdom ($816M), Saudi Arabia ($711M), Australia ($485M), Sweden ($308M), and Germany ($289M).

Tariffs: In 2018 the average tariff for Self-Propelled Rail Transport was 6.98%, been the 619 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Self-Propelled Rail Transport 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: Self-Propelled Rail Transport ranks 44th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Spain, $946M

Top Destination (2018): United Kingdom, $816M

Self-Propelled Rail Transport are the world's 465th most traded product.

In 2018, the top exporters of Self-Propelled Rail Transport were Spain ($946M), Poland ($899M), Japan ($849M), China ($844M), and Germany ($752M).

In 2018, the top importers of Self-Propelled Rail Transport were United Kingdom ($816M), Saudi Arabia ($711M), Australia ($485M), Sweden ($308M), and Germany ($289M).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Poland, $374M

Top Destination Growth (2017 - 2018): Saudi Arabia, $552M

Between 2017 and 2018, the exports of Self-Propelled Rail Transport grew the fastest in Poland ($374M), France ($290M), India ($131M), Spain ($130M), and United States ($112M).

Between 2017 and 2018, the fastest growing importers of Self-Propelled Rail Transport were Saudi Arabia ($552M), Australia ($412M), Algeria ($221M), Malaysia ($126M), and Macau ($124M).

Market Concentration

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Cumulative market share

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

In 2018,  market concentration measured using Shannon Entropy, was 3.44. This means that most of the exports of Self-Propelled Rail Transport are explained by 10 countries.

TOP NET EXPORTER (2018): Spain, $928M

TOP NET IMPORTER (2018): United Kingdom, $814M

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 2018.

In 2018, the countries that had a largest trade value in exports than imports of Self-Propelled Rail Transport were Spain ($928M), Japan ($847M), China ($844M), Poland ($825M), and Germany ($463M).

In 2018, the countries that had a largest trade value in imports than exports of Self-Propelled Rail Transport were United Kingdom ($814M), Saudi Arabia ($711M), Australia ($484M), Sweden ($308M), and Algeria ($276M).

Trade Forecasts

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This section shows forecasts for total trade for Self-Propelled Rail Transport. 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 Self-Propelled Rail Transport was 6.98%.  The countries with the highest tariffs for importing Self-Propelled Rail Transport 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.