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2022
Exports $573MWorld Rnk 2 / 126
Flag Rnk 557 / 1216
2022
Destination $31.2M United States
2021 - 2022
FASTEST GROWING MARKET $31.2MNigeria
2022
PRODUCT COMPLEXITY IN Iron Railway Products0.37Rnk 418 / 1025
2022
Imports $42.7MWorld Rnk 27 / 203
Flag Rnk 810 / 1212
2022
Origin $5.99M Luxembourg
2021 - 2022
FASTEST GROWING ORIGIN $5.99MLuxembourg
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $573M in Iron Railway Products, making it the 2nd largest exporter of Iron Railway Products in the world. At the same year, Iron Railway Products was the 557th most exported product in China. The main destination of Iron Railway Products exports from China are: United States ($41.8M), Mongolia ($40.5M), Mexico ($40.3M), Indonesia ($32.3M), and Nigeria ($32M).

The fastest growing export markets for Iron Railway Products of China between 2021 and 2022 were Nigeria ($31.2M), Tanzania ($27.5M), and Mongolia ($24.9M).

Imports In 2022, China imported $42.7M in Iron Railway Products, becoming the 27th largest importer of Iron Railway Products in the world. At the same year, Iron Railway Products was the 810th most imported product in China. China imports Iron Railway Products primarily from: Luxembourg ($12.9M), Germany ($9.76M), Austria ($7.06M), Poland ($2M), and Russia ($1.91M).

The fastest growing import markets in Iron Railway Products for China between 2021 and 2022 were Luxembourg ($5.99M), Spain ($1.46M), and United Kingdom ($1.41M).

COMPANIES In 2023, leading companies such as CLOUD NETWORK TECHNOLOGY USA INC. (64), GLOBAL ETRADE SERVICES INC (35), and VOLVO GROUP NORTH AMERICA LLC (23) were at the forefront of shipping Iron Railway Products from China to the United States.

Latest Trends

March 2024

About

Overview In March 2024 China's Iron Railway Products exports accounted up to $44.6M and imports accounted up to $1.14M, resulting in a positive trade balance of $43.5M. Between March 2023 and March 2024 the exports of China's   Iron Railway Products have decreased by $-24.2M (-35.2%) from $68.8M to $44.6M, while imports decreased by $-1.09M (-48.9%) from $2.22M to $1.14M.

Destinations In March 2024, Iron Railway Products were exported mostly to Mexico ($10.3M), Thailand ($7.39M), Vietnam ($5.46M), Guinea ($4.99M), and United States ($3.36M), and were imported mostly from Luxembourg ($652k), Austria ($239k), Germany ($159k), China ($38.6k), and Belgium ($26k).

Growth In March 2024, the decrease in Iron Railway Products's year-by-year exports was explained primarily by a decrease in exports to Saudi Arabia ($-4.86M or -99.5%), New Zealand ($-1.74M or -92.9%), and Indonesia ($-1.12M or -46.2%). In March 2024, the decrease in Iron Railway Products's year-by-year imports was explained primarily by a decrease in imports from Austria ($-873k or -57.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - March 2024)$-24.2M(-35.2%)
IMPORT GROWTH (March 2023 - March 2024)$-1.09M(-48.9%)
MAIN EXPORTER (March 2024)Sichuan Province$23.9M
MAIN DESTINATION (March 2024)Mexico$10.3M

This section shows Iron Railway Products's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Iron Railway Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$573M
IMPORTS (2022)$42.7M
NET TRADE (2022)$531M

In 2022, China exported $573M in Iron Railway Products. The main destinations of China exports on Iron Railway Products were United States ($41.8M), Mongolia ($40.5M), Mexico ($40.3M), Indonesia ($32.3M), and Nigeria ($32M).

In 2022, China imported $42.7M in Iron Railway Products, mainly from Luxembourg ($12.9M), Germany ($9.76M), Austria ($7.06M), Poland ($2M), and Russia ($1.91M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Railway Products EXPORT MARKETS FOR China WERE (2021 - 2022):
Nigeria$31.2M (3.88k%)
Tanzania$27.5M (6.13k%)
Mongolia$24.9M (161%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Railway Products BY China WERE (2021 - 2022):
Brazil-$41.8M (-59.6%)
Laos-$15.5M (-89.1%)
Indonesia-$11.9M (-26.9%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Iron Railway Products were:
Austria $627M
United States $334M
In 2022, China's main importing competitors in Iron Railway Products were:
Germany $452M
Canada $299M
United States $216M

Explore Visualizations

Trade Value of Iron Railway Products by Exporters

Keep Exploring

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