HS Icon Self-Propelled Rail Transport

8603 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $6.44B, Rnk 438 / 1217

2019
Top Exporter | Top Importer
: $1.64B | $1.57B, Spain | United Kingdom

2019
Product Complexity
: 1.63, Rnk 29 / 961

2018 - 2019
Export Growth (CAGR)
: 12.8%, Rnk 56 / 1217

2018
Mean Tariff
: 6.98%, Rnk 619 / 1259

 2019
Share of World Trade
: 0.036%, Rnk 438 / 1217

Overview:  This page contains the latest trade data of Self-Propelled Rail Transport. In 2019, Self-Propelled Rail Transport were the world's 438th most traded product, with a total trade of $6.44B. Between 2018 and 2019 the exports of Self-Propelled Rail Transport grew by 12.8%, from  $5.71B to $6.44B. Trade in Self-Propelled Rail Transport represent 0.036% of total world trade.

Exports: In 2019 the top exporters of Self-Propelled Rail Transport  were Spain ($1.64B), Germany ($789M), Poland ($701M), China ($573M), and Austria ($542M).

Imports: In 2019 the top importers of Self-Propelled Rail Transport were United Kingdom ($1.57B), Saudi Arabia ($596M), Germany ($349M), Thailand ($286M), and Australia ($278M).

Tariffs: In 2018 the average tariff for Self-Propelled Rail Transport was 6.98%, making it the 619th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Self-Propelled Rail Transport 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: Self-Propelled Rail Transport ranks 29th in the Product Complexity Index (PCI).

Description: Self-propelled railway or tramway coaches, vans and trucks are used to transport people. They can be made from a variety of materials, including steel, aluminum, and plastic.

Exporters and Importers

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Trade By Country

Top Origin (2019): Spain, $1.64B

Top Destination (2019): United Kingdom, $1.57B

Self-Propelled Rail Transport are the world's 438th most traded product.

In 2019, the top exporters of Self-Propelled Rail Transport were Spain ($1.64B), Germany ($789M), Poland ($701M), China ($573M), and Austria ($542M).

In 2019, the top importers of Self-Propelled Rail Transport were United Kingdom ($1.57B), Saudi Arabia ($596M), Germany ($349M), Thailand ($286M), and Australia ($278M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Spain, $793M

Top Destination Growth (2018 - 2019): United Kingdom, $754M

Between 2018 and 2019, the exports of Self-Propelled Rail Transport grew the fastest in Spain ($793M), Austria ($438M), Switzerland ($251M), South Korea ($185M), and Italy ($149M).

Between 2018 and 2019, the fastest growing importers of Self-Propelled Rail Transport were United Kingdom ($754M), Thailand ($270M), United Arab Emirates ($254M), India ($147M), and Netherlands ($111M).

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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 Self-Propelled Rail Transport.

In 2019,  market concentration measured using Shannon Entropy, was 3.57. This means that most of the exports of Self-Propelled Rail Transport are explained by 11 countries.

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TOP NET EXPORTER (2019): Spain, $1.64B

TOP NET IMPORTER (2019): United Kingdom, $1.57B

This map shows which countries export or import more of Self-Propelled Rail Transport. Each country is colored based on the difference in exports and imports of Self-Propelled Rail Transport during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Self-Propelled Rail Transport were Spain ($1.64B), Poland ($611M), China ($573M), Austria ($535M), and Switzerland ($441M).

In 2019, the countries that had a largest trade value in imports than in exports of Self-Propelled Rail Transport were United Kingdom ($1.57B), Saudi Arabia ($596M), Thailand ($286M), Australia ($278M), and United Arab Emirates ($254M).

Disaggregation

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Value

In 2019, the world most traded Self-Propelled Rail Transport, disaggragated by their HS6 level were Self-propelled railway cars, external electric power ($5.2B) and Self-propelled railway cars except external electric ($1.23B)

Import Tariffs

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In 2018, the average tariff for importing Self-Propelled Rail Transport was 6.98%.  The countries with the highest tariffs for importing Self-Propelled Rail Transport were Bahamas (40.2%), Bermuda (25%), Maldives (24.5%), Romania (17.2%), and Latvia (15%).

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Product Complexity

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Diversification Frontier

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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.