HS Icon Railway cars nes, closed and covered

860691 (Harmonized System 1992 for 6-digit)

Overview:  This page contains the latest trade data of Railway cars nes, closed and covered. In 2019, Railway cars nes, closed and covered were the world's 1531st most traded product, with a total trade of $1.57B. Between 2018 and 2019 the exports of Railway cars nes, closed and covered grew by 441%, from $291M to $1.57B. Trade in Railway cars nes, closed and covered represent 0.0087% of total world trade.

Exports: In 2019 the top exporters of Railway cars nes, closed and covered  were Mexico ($1.36B), Russia ($48.7M), China ($29.1M), United States ($27.1M), and Croatia ($23.4M).

Imports: In 2019 the top importers of Railway cars nes, closed and covered were United States ($1.35B), Canada ($48.2M), Germany ($34.9M), Kazakhstan ($30.5M), and Belarus ($16M).

Tariffs: In 2018 the average tariff for Railway cars nes, closed and covered was 7.16%, making it the 3138th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Railway cars nes, closed and covered are Bahamas (40.2%), Bermuda (25%), Maldives (24.5%), Ecuador (18.9%), and Zimbabwe (18.2%). The countries with the lowest tariffs are Angola (0%), Ethiopia (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Railway cars nes, closed and covered ranks 3485th in the Product Complexity Index (PCI).

Description: Railway cars are used to transport goods around the world. They are closed and covered, and can carry huge amounts of goods because there is no need to build roads and bridges.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Mexico, $1.36B

Top Destination (2019): United States, $1.35B

Railway cars nes, closed and covered are the world's 1531st most traded product.

In 2019, the top exporters of Railway cars nes, closed and covered were Mexico ($1.36B), Russia ($48.7M), China ($29.1M), United States ($27.1M), and Croatia ($23.4M).

In 2019, the top importers of Railway cars nes, closed and covered were United States ($1.35B), Canada ($48.2M), Germany ($34.9M), Kazakhstan ($30.5M), and Belarus ($16M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Mexico, $1.35B

Top Destination Growth (2018 - 2019): United States, $1.25B

Between 2018 and 2019, the exports of Railway cars nes, closed and covered grew the fastest in Mexico ($1.35B), Russia ($20.3M), China ($15.8M), United States ($14.9M), and Estonia ($14.8M).

Between 2018 and 2019, the fastest growing importers of Railway cars nes, closed and covered were United States ($1.25B), Canada ($30.3M), Belarus ($15.6M), Lithuania ($11.5M), and Australia ($9.57M).

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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 Railway cars nes, closed and covered.

In 2019,  market concentration measured using Shannon Entropy, was 1.07. This means that most of the exports of Railway cars nes, closed and covered are explained by 2 countries.

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TOP NET EXPORTER (2019): Mexico, $1.36B

TOP NET IMPORTER (2019): United States, $1.32B

This map shows which countries export or import more of Railway cars nes, closed and covered. Each country is colored based on the difference in exports and imports of Railway cars nes, closed and covered during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Railway cars nes, closed and covered were Mexico ($1.36B), Russia ($48.4M), China ($29.1M), Croatia ($23.4M), and Estonia ($11.7M).

In 2019, the countries that had a largest trade value in imports than in exports of Railway cars nes, closed and covered were United States ($1.32B), Canada ($36.3M), Germany ($31.4M), Kazakhstan ($30M), and Belarus ($16M).

Import Tariffs

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In 2018, the average tariff for importing Railway cars nes, closed and covered was 7.16%. The countries with the highest tariffs for importing Railway cars nes, closed and covered were Bahamas (40.2%), Bermuda (25%), Maldives (24.5%), Ecuador (18.9%), and Zimbabwe (18.2%).

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.