HS Icon Locomotive Parts

8607 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Locomotive Parts. In 2019, Locomotive Parts were the world's 271st most traded product, with a total trade of $13B. Between 2018 and 2019 the exports of Locomotive Parts grew by 6.13%, from $12.2B to $13B. Trade in Locomotive Parts represent 0.072% of total world trade.

Exports In 2019 the top exporters of Locomotive Parts  were Germany ($2.1B), China ($1.4B), United States ($1.39B), Poland ($850M), and Austria ($736M).

Imports In 2019 the top importers of Locomotive Parts were Germany ($1.69B), United States ($1.11B), Mexico ($902M), Poland ($683M), and France ($672M).

Tariffs In 2018 the average tariff for Locomotive Parts was 4.85%, making it the 844th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Locomotive Parts are Bahamas (40.2%), Bermuda (25%), Maldives (24.5%), Romania (16.8%), and Panama (15%). The countries with the lowest tariffs are Angola (0%), Ethiopia (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking Locomotive Parts ranks 184th in the Product Complexity Index (PCI).

Description Parts of railway or tramway locomotives or rolling stock are used in the production of other goods. They can be made from a variety of materials, including steel, aluminum, and copper.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $2.1B

Top Destination (2019): Germany, $1.69B

Locomotive Parts are the world's 271st most traded product.

In 2019, the top exporters of Locomotive Parts were Germany ($2.1B), China ($1.4B), United States ($1.39B), Poland ($850M), and Austria ($736M).

In 2019, the top importers of Locomotive Parts were Germany ($1.69B), United States ($1.11B), Mexico ($902M), Poland ($683M), and France ($672M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Poland, $297M

Top Destination Growth (2018 - 2019): Russia, $333M

Between 2018 and 2019, the exports of Locomotive Parts grew the fastest in Poland ($297M), Ukraine ($275M), China ($171M), Mexico ($109M), and Czechia ($100M).

Between 2018 and 2019, the fastest growing importers of Locomotive Parts were Russia ($333M), Belarus ($159M), Poland ($156M), Italy ($111M), and Kazakhstan ($79.3M).

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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 Locomotive Parts.

In 2019,  market concentration measured using Shannon Entropy, was 4.4. This means that most of the exports of Locomotive Parts are explained by 21 countries.

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TOP NET EXPORTER (2019): China, $829M

TOP NET IMPORTER (2019): Mexico, $531M

This map shows which countries export or import more of Locomotive Parts. Each country is colored based on the difference in exports and imports of Locomotive Parts during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Locomotive Parts were China ($829M), Czechia ($545M), Germany ($410M), Ukraine ($379M), and Austria ($352M).

In 2019, the countries that had a largest trade value in imports than in exports of Locomotive Parts were Mexico ($531M), United Kingdom ($466M), Canada ($452M), Russia ($369M), and Australia ($200M).

Disaggregation

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Value

In 2019, the world most traded Locomotive Parts, disaggragated by their HS6 level were Railway rolling stock parts nes ($4.18B), Railway & tramway axles, wheels and... ($3.68B), Air brakes, parts for railway rolling... ($1.67B), Railway locomotive parts nes ($999M), and Coupling devices, parts for railway rolling... ($891M)

Import Tariffs

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In 2018, the average tariff for importing Locomotive Parts was 4.85%. The countries with the highest tariffs for importing Locomotive Parts were Bahamas (40.2%), Bermuda (25%), Maldives (24.5%), Romania (16.8%), and Panama (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 Locomotive Parts to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.