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Rail locomotives; powered from an external source of electricity or by electric accumulators

8601 (Harmonized System 1992 for 4-digit)

2022
World Trade $1.3BRnk 882 / 1218
2022
Top Exporter | Top Importer $477M | $190MGermany | Spain
2022
Product Complexity 0.9Rnk 206 / 1033
2021 - 2022
Export Growth (CAGR) -9.84%Rnk 1111 / 1218
2022
Share of World Trade 0.0055%Rnk 882 / 1218

About

Overview This page contains the latest trade data of Electric Locomotives. In 2022, Electric Locomotives were the world's 882nd most traded product, with a total trade of $1.3B. Between 2021 and 2022 the exports of Electric Locomotives decreased by -9.84%, from $1.44B to $1.3B. Trade in Electric Locomotives represent 0.0055% of total world trade.

Electric Locomotives are a part of Railway and trams. They include Rail locomotives, externally electrically powered and Rail locomotives powered by electric accumulators.

Exports In 2022 the top exporters of Electric Locomotives  were Germany ($477M), Italy ($208M), China ($170M), South Korea ($130M), and France ($76M).

Imports In 2022 the top importers of Electric Locomotives were Spain ($190M), Czechia ($123M), Austria ($112M), Hong Kong ($90M), and Belgium ($89.5M).

Ranking Electric Locomotives ranks 206th in the Product Complexity Index (PCI).

Description Rail locomotives are used to transport people and goods from one place to another. They can be powered by electricity or by electric accumulators.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Electric Locomotives. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)Germany$477M
Top Destination (2022)Spain$190M

In 2022 Electric Locomotives were the world's 882nd most traded product (out of 1,218).

In 2022, the top exporters of Electric Locomotives were Germany ($477M), Italy ($208M), China ($170M), South Korea ($130M), and France ($76M).

In 2022, the top importers of Electric Locomotives were Spain ($190M), Czechia ($123M), Austria ($112M), Hong Kong ($90M), and Belgium ($89.5M).

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Exporters of Electric Locomotives (2022)
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Importers of Electric Locomotives (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Italy$196M
Top Destination Growth (2021 -  2022)Spain$186M

Between 2021 and 2022, the exports of Electric Locomotives grew the fastest in Italy ($196M), Japan ($25.7M), United States ($6.68M), Brazil ($2.89M), and Denmark ($2.47M).

Between 2021 and 2022, the fastest growing importers of Electric Locomotives were Spain ($186M), Belgium ($78.9M), Slovakia ($73.3M), Ireland ($54.4M), and Czechia ($40.6M).

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Exporters of Electric Locomotives (2021 - 2022)

Importers of Electric Locomotives (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Electric Locomotives.

In 2022, market concentration measured using Shannon Entropy, was 3. This means that most of the exports of Electric Locomotives are explained by 8 countries.

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Value of Exports in Electric Locomotives

Net Trade

TOP NET EXPORTER (2022)Germany$440M
TOP NET IMPORTER (2022)Spain$135M

This map shows which countries export or import more of Electric Locomotives. Each country is colored based on the difference in exports and imports of Electric Locomotives during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Electric Locomotives were Germany ($440M), Italy ($203M), China ($144M), South Korea ($130M), and France ($63.9M).

In 2022, the countries that had a largest trade value in imports than in exports of Electric Locomotives were Spain ($135M), Czechia ($113M), Austria ($98.5M), Belgium ($87.8M), and Slovakia ($75M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Electric Locomotives, disaggragated by their HS6 level were Rail locomotives, externally electrically powered ($1.25B) and Rail locomotives powered by electric accumulators ($55.4M)

HS6 Disaggregation for Electric Locomotives (2022)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Electric Locomotives.
It is possible to select the main countries that export or import Electric Locomotives in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Electric Locomotives by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $776k
TOP IMPORT POTENTIALGermany+ $554k

Electric Locomotives’s highest export potential is United States. With an export gap of $776k.  Electric Locomotives’s highest import potential is Germany with an import gap of $554k.

See methodology.

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Product Complexity

Diversification Frontier

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.

Relatedness vs Country Complexity (2022)

Related Products

This visualization shows products that are likely to be exported by countries that export Electric Locomotives.

Country by Relatedness

The following visualization shows the relatedness of Electric Locomotives to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2022)

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