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Pricing

Railway or tramway track constructions of iron or steel; rails, check and track rails, switch blades, crossing frogs, point rods, sleepers, fish-plates, chair wedges, sole plates, bedplates, ties and the like

7302 (Harmonized System 1992 for 4-digit)

2022
World Trade $3.93BRnk 612 / 1218
2022
Top Exporter | Top Importer $627M | $452MAustria | Germany
2022
Product Complexity 0.45Rnk 393 / 1033
2021 - 2022
Export Growth (CAGR) 8.13%Rnk 476 / 1218
2022
Share of World Trade 0.017%Rnk 612 / 1218

About

Overview This page contains the latest trade data of Iron Railway Products. In 2022, Iron Railway Products were the world's 612th most traded product, with a total trade of $3.93B. Between 2021 and 2022 the exports of Iron Railway Products grew by 8.13%, from $3.64B to $3.93B. Trade in Iron Railway Products represent 0.017% of total world trade.

Iron Railway Products are a part of Iron/Steel Articles. They include Railway/tramway rails, iron or steel, Rail/tramway construction material of iron/steel, nes, Railway/tramway switch/crossing material, iron/steel, Railway fish plates and sole plates, iron or steel, and Sleepers (cross-ties), iron or steel.

Exports In 2022 the top exporters of Iron Railway Products  were Austria ($627M), China ($573M), United States ($334M), Japan ($317M), and Spain ($291M).

Imports In 2022 the top importers of Iron Railway Products were Germany ($452M), Canada ($299M), United States ($216M), Mexico ($162M), and Brazil ($154M).

Ranking Iron Railway Products ranks 393rd in the Product Complexity Index (PCI).

Description Rail tracks are used to transport people and goods. They can be made from a variety of materials, including steel, wood, or concrete.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Iron Railway Products. 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)Austria$627M
Top Destination (2022)Germany$452M

In 2022 Iron Railway Products were the world's 612th most traded product (out of 1,218).

In 2022, the top exporters of Iron Railway Products were Austria ($627M), China ($573M), United States ($334M), Japan ($317M), and Spain ($291M).

In 2022, the top importers of Iron Railway Products were Germany ($452M), Canada ($299M), United States ($216M), Mexico ($162M), and Brazil ($154M).

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Exporters of Iron Railway Products (2022)
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Importers of Iron Railway Products (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$142M
Top Destination Growth (2021 -  2022)United States$78.9M

Between 2021 and 2022, the exports of Iron Railway Products grew the fastest in China ($142M), United States ($64.6M), Austria ($44.7M), Czechia ($42.2M), and Japan ($41.4M).

Between 2021 and 2022, the fastest growing importers of Iron Railway Products were United States ($78.9M), Germany ($71.4M), Canada ($56M), Nigeria ($31.3M), and Tanzania ($30.5M).

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Exporters of Iron Railway Products (2021 - 2022)

Importers of Iron Railway Products (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Iron Railway Products.

In 2022, market concentration measured using Shannon Entropy, was 4.17. This means that most of the exports of Iron Railway Products are explained by 17 countries.

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Value of Exports in Iron Railway Products

Net Trade

TOP NET EXPORTER (2022)Austria$584M
TOP NET IMPORTER (2022)Canada$276M

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

In 2022, the countries that had a largest trade value in exports than in imports of Iron Railway Products were Austria ($584M), China ($531M), Japan ($310M), Spain ($255M), and Czechia ($164M).

In 2022, the countries that had a largest trade value in imports than in exports of Iron Railway Products were Canada ($276M), Germany ($228M), Mexico ($161M), Brazil ($141M), and Switzerland ($101M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Iron Railway Products, disaggragated by their HS6 level were Railway/tramway rails, iron or steel ($2.55B), Railway/tramway switch/crossing material, iron/steel ($597M), Rail/tramway construction material of iron/steel, nes ($560M), and Railway fish plates and sole plates,... ($223M)

HS6 Disaggregation for Iron Railway Products (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 Iron Railway Products.
It is possible to select the main countries that export or import Iron Railway Products in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Iron Railway Products by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALAustralia+ $1.29M
TOP IMPORT POTENTIALChina+ $9.06M

Iron Railway Products’s highest export potential is Australia. With an export gap of $1.29M.  Iron Railway Products’s highest import potential is China with an import gap of $9.06M.

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 Iron Railway Products.

Country by Relatedness

The following visualization shows the relatedness of Iron Railway Products 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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