Overview: This page contains the latest trade data of Electric Locomotives. In 2018, Electric Locomotives were the world's 919th most traded product, with a total trade of $975M. Between 2017 and 2018 the exports of Electric Locomotives grew by 22.6%, from $796M to $975M. Trade in Electric Locomotives represent 0.0053% of total world trade.
Exports: In 2018 the top exporters of Electric Locomotives were Germany ($469M), Spain ($200M), China ($97.7M), Austria ($35.6M), and France ($32.5M).
Top Destination Growth (2017 - 2018): Saudi Arabia, $128M
Between 2017 and 2018, the exports of Electric Locomotives grew the fastest in Spain ($121M), France ($27.1M), Romania ($20.7M), Norway ($17.5M), and Sweden ($12.8M).
Between 2017 and 2018, the fastest growing importers of Electric Locomotives were Saudi Arabia ($128M), Slovakia ($46.4M), Singapore ($41.1M), Israel ($39M), and India ($37.6M).
This chart shows the evolution of the market concentration of exports of Electric Locomotives.
In 2018, market concentration measured using Shannon Entropy, was 2.6. This means that most of the exports of Electric Locomotives are explained by 6 countries.
This map shows which countries export or import more of Electric Locomotives. Each country is colored based on the difference in exports and imports of Electric Locomotives during 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Electric Locomotives were Germany ($419M), Spain ($200M), China ($96.7M), Romania ($27.3M), and South Korea ($9.92M).
In 2018, the countries that had a largest trade value in imports than in exports of Electric Locomotives were Saudi Arabia ($186M), Austria ($79.7M), Slovakia ($63.2M), Czechia ($62.8M), and Sweden ($56M).
In 2018, the average tariff for importing Electric Locomotives was 5.98%. The countries with the highest tariffs for importing Electric Locomotives were Bahamas (40.2%), Bermuda (25%), Maldives (24.5%), Romania (17.2%), and Latvia (15%).
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.