Electric Locomotives8601 (Harmonized System 1992 for 4-digit)
2019 World Trade: $1.08B, Rnk 885 / 1217
2019 Top Exporter | Top Importer: $642M | $179M, Germany | Austria
2019 Product Complexity: 0.92, Rnk 175 / 961
2018 - 2019 Export Growth (CAGR): 11.1%, Rnk 73 / 1217
2018 Mean Tariff: 5.98%, Rnk 706 / 1259
2019 Share of World Trade: 0.006%, Rnk 885 / 1217
Overview: This page contains the latest trade data of Electric Locomotives. In 2019, Electric Locomotives were the world's 885th most traded product, with a total trade of $1.08B. Between 2018 and 2019 the exports of Electric Locomotives grew by 11.1%, from $976M to $1.08B. Trade in Electric Locomotives represent 0.006% of total world trade.
Exports: In 2019 the top exporters of Electric Locomotives were Germany ($642M), China ($174M), Spain ($88.7M), Austria ($47.7M), and France ($32.2M).
Imports: In 2019 the top importers of Electric Locomotives were Austria ($179M), Singapore ($154M), Sweden ($122M), Serbia ($104M), and Saudi Arabia ($81.6M).
Tariffs: In 2018 the average tariff for Electric Locomotives was 5.98%, making it the 706th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Electric Locomotives 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: Electric Locomotives ranks 175th in the Product Complexity Index (PCI).
Description: Rail locomotives are used to transport people and goods from one place to another. They can be powered by electricity or by electric accumulators.
Trade By Country
Electric Locomotives are the world's 885th most traded product.
In 2019, the top exporters of Electric Locomotives were Germany ($642M), China ($174M), Spain ($88.7M), Austria ($47.7M), and France ($32.2M).
In 2019, the top importers of Electric Locomotives were Austria ($179M), Singapore ($154M), Sweden ($122M), Serbia ($104M), and Saudi Arabia ($81.6M).
Trade by country
Top Origin Growth (2018 - 2019): Germany, $173M
Top Destination Growth (2018 - 2019): Singapore, $113M
Between 2018 and 2019, the exports of Electric Locomotives grew the fastest in Germany ($173M), China ($75.2M), Kazakhstan ($16.7M), Austria ($12.2M), and Sweden ($4.76M).
Between 2018 and 2019, the fastest growing importers of Electric Locomotives were Singapore ($113M), Serbia ($103M), Austria ($63.8M), Sweden ($53.6M), and Netherlands ($33.8M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Electric Locomotives.
In 2019, market concentration measured using Shannon Entropy, was 2.17. This means that most of the exports of Electric Locomotives are explained by 4 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 2019.
In 2019, the countries that had a largest trade value in exports than in imports of Electric Locomotives were Germany ($627M), China ($174M), Spain ($85.8M), Kazakhstan ($18.3M), and Romania ($10.2M).
In 2019, the countries that had a largest trade value in imports than in exports of Electric Locomotives were Singapore ($154M), Austria ($131M), Sweden ($105M), Serbia ($104M), and Saudi Arabia ($81.6M).
In 2019, the world most traded Electric Locomotives, disaggragated by their HS6 level were Rail locomotives, externally electrically powered ($1.04B) and Rail locomotives powered by electric accumulators ($46.6M)
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.
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