HS Icon Railway Maintenance Vehicles

8604 (Harmonized System 1992 for 4-digit)

Overview:  This page contains the latest trade data of Railway Maintenance Vehicles. In 2019, Railway Maintenance Vehicles were the world's 898th most traded product, with a total trade of $1.03B. Between 2018 and 2019 the exports of Railway Maintenance Vehicles decreased by -18.8%, from $1.27B to $1.03B. Trade in Railway Maintenance Vehicles represent 0.0057% of total world trade.

Exports: In 2019 the top exporters of Railway Maintenance Vehicles  were Austria ($294M), Germany ($168M), Switzerland ($153M), United States ($117M), and Italy ($77.2M).

Imports: In 2019 the top importers of Railway Maintenance Vehicles were Italy ($106M), Germany ($85.2M), Canada ($82M), Japan ($66.8M), and France ($60.1M).

Tariffs: In 2018 the average tariff for Railway Maintenance Vehicles was 5.94%, making it the 711th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Railway Maintenance Vehicles 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: Railway Maintenance Vehicles ranks 730th in the Product Complexity Index (PCI).

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Austria, $294M

Top Destination (2019): Italy, $106M

Railway Maintenance Vehicles are the world's 898th most traded product.

In 2019, the top exporters of Railway Maintenance Vehicles were Austria ($294M), Germany ($168M), Switzerland ($153M), United States ($117M), and Italy ($77.2M).

In 2019, the top importers of Railway Maintenance Vehicles were Italy ($106M), Germany ($85.2M), Canada ($82M), Japan ($66.8M), and France ($60.1M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Switzerland, $40.5M

Top Destination Growth (2018 - 2019): Australia, $42.5M

Between 2018 and 2019, the exports of Railway Maintenance Vehicles grew the fastest in Switzerland ($40.5M), Russia ($11.8M), Belgium ($4.24M), United Kingdom ($3.68M), and Italy ($3.64M).

Between 2018 and 2019, the fastest growing importers of Railway Maintenance Vehicles were Australia ($42.5M), United Kingdom ($22.3M), Israel ($20.5M), Bangladesh ($18.7M), and Italy ($17.6M).

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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 Maintenance Vehicles.

In 2019,  market concentration measured using Shannon Entropy, was 3.34. This means that most of the exports of Railway Maintenance Vehicles are explained by 10 countries.

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TOP NET EXPORTER (2019): Austria, $264M

TOP NET IMPORTER (2019): Canada, $75.4M

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

In 2019, the countries that had a largest trade value in exports than in imports of Railway Maintenance Vehicles were Austria ($264M), United States ($98.8M), Switzerland ($93.1M), Germany ($83.1M), and Russia ($24.8M).

In 2019, the countries that had a largest trade value in imports than in exports of Railway Maintenance Vehicles were Canada ($75.4M), Japan ($62.6M), Australia ($45.8M), United Kingdom ($42.6M), and Italy ($29.2M).

Disaggregation

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Value

In 2019, the world most traded Railway Maintenance Vehicles, disaggragated by their HS6 level were Railway maintenance-of-way service vehicles ($1.03B)

Import Tariffs

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In 2018, the average tariff for importing Railway Maintenance Vehicles was 5.94%. The countries with the highest tariffs for importing Railway Maintenance Vehicles 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 Railway Maintenance Vehicles to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.