HS Icon Railway Track Fixtures

8608 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1B, Rnk 909 / 1225

Top Exporter (2018): $108M, Germany

Top Importer (2018): $53.7M, Germany

Product Complexity (2018): 0.5, Rnk 374 / 1018

Export Growth (CAGR)(2017 - 2018): 30.9%, Rnk 164 / 1225

Mean Tariff (2018): 4.79%, Rnk 857 / 1259

Share of World Trade (2018): 0.0055%, Rnk 909 / 1225

Overview: In 2018, Railway Track Fixtures were the world's 909th most traded product, with a total trade of $1B. Between 2017 and 2018 the exports of Railway Track Fixtures grew by 30.9%, from  $766M to $1B. Trade in Railway Track Fixtures represent 0.0055% of total world trade.

Exports: In 2018 the top exporters of Railway Track Fixtures  were Germany ($108M), China ($100M), Japan ($72.5M), France ($64.9M), and United Kingdom ($60.4M).

Imports: In 2018 the top importers of Railway Track Fixtures were Germany ($53.7M), United States ($46.5M), United Kingdom ($36.8M), France ($35.3M), and Switzerland ($29.6M).

Tariffs: In 2018 the average tariff for Railway Track Fixtures was 4.79%, been the 857 lowest tariff using the HS4 product classification.

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

Ranking: Railway Track Fixtures ranks 374th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $108M

Top Destination (2018): Germany, $53.7M

Railway Track Fixtures are the world's 909th most traded product.

In 2018, the top exporters of Railway Track Fixtures were Germany ($108M), China ($100M), Japan ($72.5M), France ($64.9M), and United Kingdom ($60.4M).

In 2018, the top importers of Railway Track Fixtures were Germany ($53.7M), United States ($46.5M), United Kingdom ($36.8M), France ($35.3M), and Switzerland ($29.6M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Japan, $51.6M

Top Destination Growth (2017 - 2018): United States, $46.5M

Between 2017 and 2018, the exports of Railway Track Fixtures grew the fastest in Japan ($51.6M), United Kingdom ($18.1M), Russia ($17.7M), China ($17.2M), and France ($14.3M).

Between 2017 and 2018, the fastest growing importers of Railway Track Fixtures were United States ($46.5M), Singapore ($21M), Argentina ($20.9M), Thailand ($20.2M), and Pakistan ($20.1M).

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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 Track Fixtures.

In 2018,  market concentration measured using Shannon Entropy, was 4.75. This means that most of the exports of Railway Track Fixtures are explained by 26 countries.

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TOP NET EXPORTER (2018): China, $78.9M

TOP NET IMPORTER (2018): Argentina, $27.7M

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

In 2018, the countries that had a largest trade value in exports than in imports of Railway Track Fixtures were China ($78.9M), Japan ($57.5M), Germany ($54.6M), Spain ($43.6M), and Italy ($34.3M).

In 2018, the countries that had a largest trade value in imports than in exports of Railway Track Fixtures were Argentina ($27.7M), Thailand ($26.9M), Saudi Arabia ($22.4M), Pakistan ($20.7M), and Azerbaijan ($20M).

Trade Forecasts

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This section shows forecasts for total trade for Railway Track Fixtures. 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 Track Fixtures was 4.79%.  The countries with the highest tariffs for importing Railway Track Fixtures were Bahamas (40.2%), Bermuda (25%), Maldives (24.5%), Romania (17.2%), and Panama (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.