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2022
Exports $3.41BWorld Rnk 2 / 194
Flag Rnk 51 / 96
2022
Destination $427M Mexico
2021 - 2022
FASTEST GROWING MARKET $427MMexico
2022
PRODUCT COMPLEXITY IN Railway and trams1.48Rnk 58 / 1025
2022
Imports $4.08BWorld Rnk 1 / 217
Flag Rnk 62 / 96
2022
Origin $1.23B China
2021 - 2022
FASTEST GROWING ORIGIN $1.23BChina
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $3.41B in Railway and trams, making it the 2nd largest exporter of Railway and trams in the world. At the same year, Railway and trams was the 51st most exported product in United States. The main destination of Railway and trams exports from United States are: Mexico ($1.16B), Canada ($1.15B), Australia ($113M), United Arab Emirates ($91.1M), and South Korea ($71.4M).

The fastest growing export markets for Railway and trams of United States between 2021 and 2022 were Mexico ($427M), Canada ($255M), and United Arab Emirates ($83.8M).

Imports In 2022, United States imported $4.08B in Railway and trams, becoming the 1st largest importer of Railway and trams in the world. At the same year, Railway and trams was the 62nd most imported product in United States. United States imports Railway and trams primarily from: China ($2.23B), Canada ($551M), Mexico ($344M), Germany ($215M), and South Korea ($104M).

The fastest growing import markets in Railway and trams for United States between 2021 and 2022 were China ($1.23B), Canada ($134M), and Germany ($109M).

COMPANIES In 2023, leading companies such as Siemens (426), Volvo (426), and Sailun Tire (397) were at the forefront of shipping Railway and trams to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Railway and trams exports accounted up to $298M and imports accounted up to $226M, resulting in a positive trade balance of $71.7M. Between August 2023 and August 2024 the exports of United States'   Railway and trams have decreased by $-13.7M (-4.39%) from $312M to $298M, while imports decreased by $-37.5M (-14.2%) from $264M to $226M.

Destinations In August 2024, Railway and trams were exported mostly to Canada ($104M), Mexico ($102M), Germany ($9.35M), Kazakhstan ($9.28M), and China ($7.49M), and were imported mostly from China ($78M), Canada ($33.6M), Mexico ($28.1M), Germany ($13.2M), and South Korea ($12M).

Growth In August 2024, the decrease in Railway and trams's year-by-year exports was explained primarily by a decrease in exports to United Arab Emirates ($-4.85M or -98.6%), Saudi Arabia ($-2.95M or -92.3%), and Canada ($-2.9M or -2.97%). In August 2024, the decrease in Railway and trams's year-by-year imports was explained primarily by a decrease in imports from Spain ($-4.57M or -58.7%), Italy ($-3.22M or -74.1%), and Hungary ($-1.1M or -52.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-13.7M(-4.39%)
IMPORT GROWTH (August 2023 - August 2024)$-37.5M(-14.2%)
MAIN EXPORTER (August 2024)Pennsylvania$80.6M
MAIN DESTINATION (August 2024)Canada$104M

This section shows Railway and trams's exports and imports data at subnational level for United States. 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 Railway and trams over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.41B
IMPORTS (2022)$4.08B
NET TRADE (2022)-$674M

In 2022, United States exported $3.41B in Railway and trams. The main destinations of United States exports on Railway and trams were Mexico ($1.16B), Canada ($1.15B), Australia ($113M), United Arab Emirates ($91.1M), and South Korea ($71.4M).

In 2022, United States imported $4.08B in Railway and trams, mainly from China ($2.23B), Canada ($551M), Mexico ($344M), Germany ($215M), and South Korea ($104M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Railway and trams EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$427M (57.9%)
Canada$255M (28.5%)
United Arab Emirates$83.8M (1.15k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Railway and trams BY United States WERE (2021 - 2022):
Indonesia-$111M (-93%)
Russia-$20.3M (-93.4%)
China-$17.4M (-32.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Railway and trams were:
China $9.83B
Germany $3.35B
In 2022, United States's main importing competitors in Railway and trams were:
Germany $3.47B
Canada $1.66B

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Trade Value of Railway and trams by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $24.2M
TOP IMPORT POTENTIALGermany+ $26.4M

Railway and trams’s highest export potential is China. With an export gap of $24.2M.   Railway and trams’s highest import potential is Germany with an import gap of $26.4M.

See methodology.

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