HS Icon Railway Maintenance Vehicles

8604 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.23B, Rnk 858 / 1225

Top Exporter (2018): $379M, Austria

Top Importer (2018): $130M, Switzerland

Product Complexity (2018): 1.06, Rnk 153 / 1018

Export Growth (CAGR)(2017 - 2018): 27.5%, Rnk 194 / 1225

Mean Tariff (2018): 5.94%, Rnk 711 / 1259

Share of World Trade (2018): 0.0067%, Rnk 858 / 1225

Overview:  This page contains the latest trade data of Railway Maintenance Vehicles. In 2018, Railway Maintenance Vehicles were the world's 858th most traded product, with a total trade of $1.23B. Between 2017 and 2018 the exports of Railway Maintenance Vehicles grew by 27.5%, from  $968M to $1.23B. Trade in Railway Maintenance Vehicles represent 0.0067% of total world trade.

Exports: In 2018 the top exporters of Railway Maintenance Vehicles  were Austria ($379M), Germany ($220M), United States ($121M), Switzerland ($112M), and Italy ($73.3M).

Imports: In 2018 the top importers of Railway Maintenance Vehicles were Switzerland ($130M), Canada ($92.7M), Italy ($89M), France ($83.8M), and Japan ($73.2M).

Tariffs: In 2018 the average tariff for Railway Maintenance Vehicles was 5.94%, been the 711 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Railway Maintenance Vehicles 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: Railway Maintenance Vehicles ranks 153rd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Austria, $379M

Top Destination (2018): Switzerland, $130M

Railway Maintenance Vehicles are the world's 858th most traded product.

In 2018, the top exporters of Railway Maintenance Vehicles were Austria ($379M), Germany ($220M), United States ($121M), Switzerland ($112M), and Italy ($73.3M).

In 2018, the top importers of Railway Maintenance Vehicles were Switzerland ($130M), Canada ($92.7M), Italy ($89M), France ($83.8M), and Japan ($73.2M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $61.6M

Top Destination Growth (2017 - 2018): Canada, $92.1M

Between 2017 and 2018, the exports of Railway Maintenance Vehicles grew the fastest in Germany ($61.6M), Spain ($34.4M), Italy ($34.2M), Japan ($24.5M), and Austria ($21.8M).

Between 2017 and 2018, the fastest growing importers of Railway Maintenance Vehicles were Canada ($92.1M), Switzerland ($62.6M), South Korea ($40.5M), Malaysia ($33.9M), and Norway ($27.4M).

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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 Railway Maintenance Vehicles.

In 2018,  market concentration measured using Shannon Entropy, was 3.44. This means that most of the exports of Railway Maintenance Vehicles are explained by 10 countries.

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TOP NET EXPORTER (2018): Austria, $369M

TOP NET IMPORTER (2018): Canada, $84.8M

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

In 2018, the countries that had a largest trade value in exports than in imports of Railway Maintenance Vehicles were Austria ($369M), Germany ($150M), United States ($98.6M), Spain ($42.7M), and China ($26.6M).

In 2018, the countries that had a largest trade value in imports than in exports of Railway Maintenance Vehicles were Canada ($84.8M), Malaysia ($66.8M), Norway ($45.9M), Japan ($41.9M), and France ($40.3M).

Trade Forecasts

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This section shows forecasts for total trade for Railway Maintenance Vehicles. 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 Railway Maintenance Vehicles was 5.94%.  The countries with the highest tariffs for importing Railway Maintenance Vehicles 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.