HS Icon Railway Passenger Cars

8605 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.94B, Rnk 745 / 1225

Top Exporter (2018): $502M, Japan

Top Importer (2018): $741M, United Kingdom

Product Complexity (2018): 0.18, Rnk 473 / 1018

Export Growth (CAGR)(2017 - 2018): 1.82%, Rnk 1048 / 1225

Mean Tariff (2018): 7.18%, Rnk 609 / 1259

Share of World Trade (2018): 0.011%, Rnk 745 / 1225

Overview:  This page contains the latest trade data of Railway Passenger Cars. In 2018, Railway Passenger Cars were the world's 745th most traded product, with a total trade of $1.94B. Between 2017 and 2018 the exports of Railway Passenger Cars grew by 1.82%, from  $1.9B to $1.94B. Trade in Railway Passenger Cars represent 0.011% of total world trade.

Exports: In 2018 the top exporters of Railway Passenger Cars  were Japan ($502M), Italy ($390M), Spain ($223M), India ($214M), and Germany ($152M).

Imports: In 2018 the top importers of Railway Passenger Cars were United Kingdom ($741M), Saudi Arabia ($222M), Australia ($209M), Israel ($80.4M), and Switzerland ($65.7M).

Tariffs: In 2018 the average tariff for Railway Passenger Cars was 7.18%, been the 609 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Railway Passenger Cars are Bahamas (40.2%), Bermuda (25%), Maldives (24.5%), Romania (17.2%), and Ecuador (17.1%). The countries with the lowest tariffs are Angola (0%), Ethiopia (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Railway Passenger Cars ranks 473rd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Japan, $502M

Top Destination (2018): United Kingdom, $741M

Railway Passenger Cars are the world's 745th most traded product.

In 2018, the top exporters of Railway Passenger Cars were Japan ($502M), Italy ($390M), Spain ($223M), India ($214M), and Germany ($152M).

In 2018, the top importers of Railway Passenger Cars were United Kingdom ($741M), Saudi Arabia ($222M), Australia ($209M), Israel ($80.4M), and Switzerland ($65.7M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Italy, $364M

Top Destination Growth (2017 - 2018): United Kingdom, $388M

Between 2017 and 2018, the exports of Railway Passenger Cars grew the fastest in Italy ($364M), Japan ($114M), India ($55.7M), Belgium-Luxembourg ($30.7M), and Mexico ($18.8M).

Between 2017 and 2018, the fastest growing importers of Railway Passenger Cars were United Kingdom ($388M), Saudi Arabia ($71.3M), Australia ($63.2M), Qatar ($57.2M), and Indonesia ($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 Railway Passenger Cars.

In 2018,  market concentration measured using Shannon Entropy, was 3.27. This means that most of the exports of Railway Passenger Cars are explained by 9 countries.

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TOP NET EXPORTER (2018): Japan, $497M

TOP NET IMPORTER (2018): United Kingdom, $738M

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

In 2018, the countries that had a largest trade value in exports than in imports of Railway Passenger Cars were Japan ($497M), Italy ($353M), Spain ($209M), India ($189M), and Germany ($134M).

In 2018, the countries that had a largest trade value in imports than in exports of Railway Passenger Cars were United Kingdom ($738M), Saudi Arabia ($222M), Qatar ($60M), Hong Kong ($48.2M), and Finland ($42.2M).

Trade Forecasts

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This section shows forecasts for total trade for Railway Passenger Cars. 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 Passenger Cars was 7.18%.  The countries with the highest tariffs for importing Railway Passenger Cars were Bahamas (40.2%), Bermuda (25%), Maldives (24.5%), Romania (17.2%), and Ecuador (17.1%).

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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.