HS Icon Other Locomotives

8602 (Harmonized System 1992 for 4-digit)

Overview:  This page contains the latest trade data of Other Locomotives. In 2019, Other Locomotives were the world's 927th most traded product, with a total trade of $907M. Between 2018 and 2019 the exports of Other Locomotives decreased by -36.2%, from $1.42B to $907M. Trade in Other Locomotives represent 0.005% of total world trade.

Exports: In 2019 the top exporters of Other Locomotives  were United States ($347M), Germany ($124M), China ($79.4M), Russia ($64.5M), and India ($52M).

Imports: In 2019 the top importers of Other Locomotives were Sri Lanka ($98M), Australia ($78M), Egypt ($54.5M), Turkey ($45.5M), and Tunisia ($43.5M).

Tariffs: In 2018 the average tariff for Other Locomotives was 5.89%, making it the 713th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other 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: Other Locomotives ranks 713th 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, diesel, or steam. Locomotive tenders are used to store fuel for the locomotive.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): United States, $347M

Top Destination (2019): Sri Lanka, $98M

Other Locomotives are the world's 927th most traded product.

In 2019, the top exporters of Other Locomotives were United States ($347M), Germany ($124M), China ($79.4M), Russia ($64.5M), and India ($52M).

In 2019, the top importers of Other Locomotives were Sri Lanka ($98M), Australia ($78M), Egypt ($54.5M), Turkey ($45.5M), and Tunisia ($43.5M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): India, $36.5M

Top Destination Growth (2018 - 2019): Sri Lanka, $93.4M

Between 2018 and 2019, the exports of Other Locomotives grew the fastest in India ($36.5M), Germany ($19.6M), Spain ($15.9M), United Kingdom ($14.6M), and Latvia ($13.5M).

Between 2018 and 2019, the fastest growing importers of Other Locomotives were Sri Lanka ($93.4M), Egypt ($51.4M), Turkey ($41.6M), Mongolia ($22.4M), and Cambodia ($18.2M).

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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 Other Locomotives.

In 2019,  market concentration measured using Shannon Entropy, was 3.38. This means that most of the exports of Other Locomotives are explained by 10 countries.

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TOP NET EXPORTER (2019): United States, $325M

TOP NET IMPORTER (2019): Australia, $77.1M

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

In 2019, the countries that had a largest trade value in exports than in imports of Other Locomotives were United States ($325M), Germany ($120M), China ($56.3M), Russia ($43.9M), and Czechia ($33.4M).

In 2019, the countries that had a largest trade value in imports than in exports of Other Locomotives were Australia ($77.1M), Turkey ($45.3M), Chile ($38.5M), Mongolia ($36.8M), and Canada ($33.6M).

Disaggregation

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Value

In 2019, the world most traded Other Locomotives, disaggragated by their HS6 level were Rail locomotives, diesel-electric ($760M) and Rail locomotives non-electric and locomotive tenders ($148M)

Import Tariffs

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In 2018, the average tariff for importing Other Locomotives was 5.89%. The countries with the highest tariffs for importing Other 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 Other Locomotives to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.