HS Icon Self-propelled railway cars, external electric power

860310 (Harmonized System 1992 for 6-digit)

World Trade (2018): $4.87B, Rnk 648 / 4726

Top Exporter (2018): $776M, China

Top Importer (2018): $799M, United Kingdom

Product Complexity (2018): 1.35, Rnk 327 / 4873

Export Growth (CAGR)(2017 - 2018): -18.5%, Rnk 4504 / 4726

Mean Tariff (2018): 6.89%, Rnk 3238 / 6538

Share of World Trade (2018): 0.026%, Rnk 648 / 4726

Overview:  This page contains the latest trade data of Self-propelled railway cars, external electric power. In 2018, Self-propelled railway cars, external electric power were the world's 648th most traded product, with a total trade of $4.87B. Between 2017 and 2018 the exports of Self-propelled railway cars, external electric power decreased by -18.5%, from  $5.97B to $4.87B. Trade in Self-propelled railway cars, external electric power represent 0.026% of total world trade.

Exports: In 2018 the top exporters of Self-propelled railway cars, external electric power  were China ($776M), Spain ($765M), Germany ($740M), Japan ($695M), and Poland ($422M).

Imports: In 2018 the top importers of Self-propelled railway cars, external electric power were United Kingdom ($799M), Australia ($475M), Sweden ($305M), Saudi Arabia ($301M), and Algeria ($223M).

Tariffs: In 2018 the average tariff for Self-propelled railway cars, external electric power was 6.89%, been the 3238 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Self-propelled railway cars, external electric power 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 railway cars, external electric power ranks 327th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $776M

Top Destination (2018): United Kingdom, $799M

Self-propelled railway cars, external electric power are the world's 648th most traded product.

In 2018, the top exporters of Self-propelled railway cars, external electric power were China ($776M), Spain ($765M), Germany ($740M), Japan ($695M), and Poland ($422M).

In 2018, the top importers of Self-propelled railway cars, external electric power were United Kingdom ($799M), Australia ($475M), Sweden ($305M), Saudi Arabia ($301M), and Algeria ($223M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): France, $298M

Top Destination Growth (2017 - 2018): Australia, $407M

Between 2017 and 2018, the exports of Self-propelled railway cars, external electric power grew the fastest in France ($298M), India ($131M), United States ($122M), China ($92.4M), and Russia ($83.6M).

Between 2017 and 2018, the fastest growing importers of Self-propelled railway cars, external electric power were Australia ($407M), Algeria ($173M), Saudi Arabia ($142M), Canada ($122M), and Panama ($120M).

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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 Self-propelled railway cars, external electric power.

In 2018,  market concentration measured using Shannon Entropy, was 3.51. This means that most of the exports of Self-propelled railway cars, external electric power are explained by 11 countries.

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TOP NET EXPORTER (2018): China, $776M

TOP NET IMPORTER (2018): United Kingdom, $799M

This map shows which countries export or import more of Self-propelled railway cars, external electric power. Each country is colored based on the difference in exports and imports of Self-propelled railway cars, external electric power during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Self-propelled railway cars, external electric power were China ($776M), Spain ($747M), Japan ($694M), Germany ($520M), and France ($377M).

In 2018, the countries that had a largest trade value in imports than in exports of Self-propelled railway cars, external electric power were United Kingdom ($799M), Australia ($475M), Sweden ($305M), Canada ($126M), and Turkey ($94.2M).

Trade Forecasts

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This section shows forecasts for total trade for Self-propelled railway cars, external electric power. 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 railway cars, external electric power was 6.89%.  The countries with the highest tariffs for importing Self-propelled railway cars, external electric power 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.