HS Icon Railway Cargo Containers

8609 (Harmonized System 1992 for 4-digit)

World Trade (2018): $4.67B, Rnk 525 / 1225

Top Exporter (2018): $1.94B, China

Top Importer (2018): $710M, United States

Product Complexity (2018): -0.22, Rnk 615 / 1018

Export Growth (CAGR)(2017 - 2018): 59.8%, Rnk 48 / 1225

Mean Tariff (2018): 5.21%, Rnk 791 / 1259

Share of World Trade (2018): 0.025%, Rnk 525 / 1225

Overview:  This page contains the latest trade data of Railway Cargo Containers. In 2018, Railway Cargo Containers were the world's 525th most traded product, with a total trade of $4.67B. Between 2017 and 2018 the exports of Railway Cargo Containers grew by 59.8%, from  $2.92B to $4.67B. Trade in Railway Cargo Containers represent 0.025% of total world trade.

Exports: In 2018 the top exporters of Railway Cargo Containers  were China ($1.94B), United States ($314M), Guyana ($185M), Germany ($172M), and Netherlands ($170M).

Imports: In 2018 the top importers of Railway Cargo Containers were United States ($710M), Germany ($294M), France ($219M), Netherlands ($190M), and Panama ($174M).

Tariffs: In 2018 the average tariff for Railway Cargo Containers was 5.21%, been the 791 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Railway Cargo Containers are Bahamas (40.2%), Bermuda (25%), Maldives (24.5%), Romania (17.2%), and Cambodia (15%). The countries with the lowest tariffs are Kenya (0%), Mauritius (0%), Rwanda (0%), Tanzania (0%), and Uganda (0%).

Ranking: Railway Cargo Containers ranks 615th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $1.94B

Top Destination (2018): United States, $710M

Railway Cargo Containers are the world's 525th most traded product.

In 2018, the top exporters of Railway Cargo Containers were China ($1.94B), United States ($314M), Guyana ($185M), Germany ($172M), and Netherlands ($170M).

In 2018, the top importers of Railway Cargo Containers were United States ($710M), Germany ($294M), France ($219M), Netherlands ($190M), and Panama ($174M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $1.18B

Top Destination Growth (2017 - 2018): United States, $590M

Between 2017 and 2018, the exports of Railway Cargo Containers grew the fastest in China ($1.18B), United States ($90.4M), Thailand ($77M), South Africa ($62.2M), and Chile ($53.8M).

Between 2017 and 2018, the fastest growing importers of Railway Cargo Containers were United States ($590M), Canada ($107M), Indonesia ($89.3M), Bermuda ($87.4M), and France ($70.8M).

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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 Cargo Containers.

In 2018,  market concentration measured using Shannon Entropy, was 3.85. This means that most of the exports of Railway Cargo Containers are explained by 14 countries.

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TOP NET EXPORTER (2018): China, $1.88B

TOP NET IMPORTER (2018): United States, $397M

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

In 2018, the countries that had a largest trade value in exports than in imports of Railway Cargo Containers were China ($1.88B), Guyana ($158M), Poland ($138M), South Africa ($115M), and Slovakia ($113M).

In 2018, the countries that had a largest trade value in imports than in exports of Railway Cargo Containers were United States ($397M), Panama ($173M), Japan ($136M), Denmark ($128M), and Germany ($122M).

Trade Forecasts

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This section shows forecasts for total trade for Railway Cargo Containers. 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 Cargo Containers was 5.21%.  The countries with the highest tariffs for importing Railway Cargo Containers were Bahamas (40.2%), Bermuda (25%), Maldives (24.5%), Romania (17.2%), and Cambodia (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.