HS Icon Electric Locomotives

8601 (Harmonized System 1992 for 4-digit)

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.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $642M

Top Destination (2019): Austria, $179M

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).

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Market Dynamics

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Trade by country

Value

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).

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Market Concentration

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Cumulative market share

Value

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.

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TOP NET EXPORTER (2019): Germany, $627M

TOP NET IMPORTER (2019): Singapore, $154M

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).

Disaggregation

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Value

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)

Import Tariffs

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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%).

Product Complexity

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Diversification Frontier

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Specialization

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.

Country by Relatedness

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The following visualization shows the relatedness of Electric Locomotives to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.