Railway Passenger Cars8605 (Harmonized System 1992 for 4-digit)
World Trade (2018): $1.94B, Rnk 745 / 1225
Top Exporter (2018): $502M, Japan
Top Importer (2018): $741M, United Kingdom
Product Complexity (2018): 0.18, Rnk 473 / 1018
Export Growth (CAGR)(2017 - 2018): 1.82%, Rnk 1048 / 1225
Mean Tariff (2018): 7.18%, Rnk 609 / 1259
Share of World Trade (2018): 0.011%, Rnk 745 / 1225
Overview: This page contains the latest trade data of Railway Passenger Cars. In 2018, Railway Passenger Cars were the world's 745th most traded product, with a total trade of $1.94B. Between 2017 and 2018 the exports of Railway Passenger Cars grew by 1.82%, from $1.9B to $1.94B. Trade in Railway Passenger Cars represent 0.011% of total world trade.
Exports: In 2018 the top exporters of Railway Passenger Cars were Japan ($502M), Italy ($390M), Spain ($223M), India ($214M), and Germany ($152M).
Imports: In 2018 the top importers of Railway Passenger Cars were United Kingdom ($741M), Saudi Arabia ($222M), Australia ($209M), Israel ($80.4M), and Switzerland ($65.7M).
Tariffs: In 2018 the average tariff for Railway Passenger Cars was 7.18%, been the 609 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Railway Passenger Cars are Bahamas (40.2%), Bermuda (25%), Maldives (24.5%), Romania (17.2%), and Ecuador (17.1%). The countries with the lowest tariffs are Angola (0%), Ethiopia (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).
Ranking: Railway Passenger Cars ranks 473rd in the Product Complexity Index (PCI).
Trade By Country
Top Origin (2018): Japan, $502M
Top Destination (2018): United Kingdom, $741M
Railway Passenger Cars are the world's 745th most traded product.
In 2018, the top exporters of Railway Passenger Cars were Japan ($502M), Italy ($390M), Spain ($223M), India ($214M), and Germany ($152M).
In 2018, the top importers of Railway Passenger Cars were United Kingdom ($741M), Saudi Arabia ($222M), Australia ($209M), Israel ($80.4M), and Switzerland ($65.7M).
Trade by country
Top Origin Growth (2017 - 2018): Italy, $364M
Top Destination Growth (2017 - 2018): United Kingdom, $388M
Between 2017 and 2018, the exports of Railway Passenger Cars grew the fastest in Italy ($364M), Japan ($114M), India ($55.7M), Belgium-Luxembourg ($30.7M), and Mexico ($18.8M).
Between 2017 and 2018, the fastest growing importers of Railway Passenger Cars were United Kingdom ($388M), Saudi Arabia ($71.3M), Australia ($63.2M), Qatar ($57.2M), and Indonesia ($37.8M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Railway Passenger Cars.
In 2018, market concentration measured using Shannon Entropy, was 3.27. This means that most of the exports of Railway Passenger Cars are explained by 9 countries.
TOP NET EXPORTER (2018): Japan, $497M
TOP NET IMPORTER (2018): United Kingdom, $738M
This map shows which countries export or import more of Railway Passenger Cars. Each country is colored based on the difference in exports and imports of Railway Passenger Cars during 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Railway Passenger Cars were Japan ($497M), Italy ($353M), Spain ($209M), India ($189M), and Germany ($134M).
In 2018, the countries that had a largest trade value in imports than in exports of Railway Passenger Cars were United Kingdom ($738M), Saudi Arabia ($222M), Qatar ($60M), Hong Kong ($48.2M), and Finland ($42.2M).
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.
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