Latest trade
$49.0BGlobal sector valueHS2 sector intelligence
Railway equipment
sector trade overview
A clear view of the railway equipment economy: scale, momentum, market concentration, leading routes, and the products within it.
Explore the workspace Reported trade intelligence
Refreshed 2026-07-20
Refreshed 2026-07-20
The numbers at a glanceLatest reported year · 2024
Annual change
+17.6%Latest year on yearExporters
189Active reporting countriesImporters
199Active reporting countriesHS6 products
23Classifications in sectorThe sector read
$49.0B in trade, with +1.2% annualized growth over three years.
Railway equipment is recorded across 6,845 active corridors, with 189 exporters and 199 importers in the latest available year.
Market signalStable+6.3% five-year CAGR
Annual trend
Momentum across three decades
Reported global trade from 1995 to 2024. Missing years remain unavailable rather than estimated. Read the methodology ↗
Top trade corridors
Where this sector moves
The leading exporter-to-importer relationships by latest reported sector trade value. See data sources ↗
Latest reported relationshipsTop 10 by trade value
| Rank | Exporter | Importer | Trade value | Growth | HS6 | Distance | FTA |
|---|---|---|---|---|---|---|---|
| 1 | ChinaCHN | China, Hong Kong Special Administrative RegionHKG | $5.0B | -11.9% | 18 | 1,226 km | Yes |
| 2 | MexicoMEX | USA, Puerto Rico and US Virgin IslandsUSA | $3.8B | +47.3% | 23 | 3,359 km | Yes |
| 3 | ChinaCHN | USA, Puerto Rico and US Virgin IslandsUSA | $1.8B | -16.3% | 18 | 11,883 km | No |
| 4 | USA, Puerto Rico and US Virgin IslandsUSA | MexicoMEX | $1.4B | +24% | 22 | 3,359 km | Yes |
| 5 | USA, Puerto Rico and US Virgin IslandsUSA | CanadaCAN | $1.2B | +7.8% | 23 | 556 km | Yes |
| 6 | ChinaCHN | SingaporeSGP | $969.4M | +19.9% | 18 | 3,797 km | Yes |
| 7 | ChinaCHN | Switzerland, LiechtensteinCHE | $789.5M | +22.8% | 11 | 9,034 km | Yes |
| 8 | ChinaCHN | GermanyDEU | $649.3M | +3% | 15 | 8,415 km | No |
| 9 | AustriaAUT | GermanyDEU | $619.5M | -6.1% | 17 | 524 km | Yes |
| 10 | CanadaCAN | USA, Puerto Rico and US Virgin IslandsUSA | $580.4M | +11.8% | 22 | 556 km | Yes |
Market structure
Where supply and demand concentrate
Exporter and importer rankings are separated so scale on one side of the market is not mistaken for demand on the other. Check coverage ↗
Top exporters2024 ranking
| Rank | Country | Exports | Partners | HS6 |
|---|---|---|---|---|
| 1 | ChinaCHN | $15.8B | 185 | 23 |
| 2 | GermanyDEU | $4.0B | 164 | 23 |
| 3 | MexicoMEX | $4.0B | 61 | 23 |
| 4 | USA, Puerto Rico and US Virgin IslandsUSA | $3.7B | 169 | 23 |
| 5 | SpainESP | $2.2B | 143 | 23 |
| 6 | PolandPOL | $2.0B | 119 | 23 |
| 7 | AustriaAUT | $1.7B | 113 | 23 |
| 8 | CzechiaCZE | $1.4B | 90 | 23 |
| 9 | ItalyITA | $1.1B | 158 | 23 |
| 10 | FranceFRA | $1.1B | 162 | 23 |
Top importers2024 ranking
| Rank | Country | Imports | Partners | HS6 |
|---|---|---|---|---|
| 1 | USA, Puerto Rico and US Virgin IslandsUSA | $7.1B | 111 | 23 |
| 2 | China, Hong Kong Special Administrative RegionHKG | $5.1B | 46 | 21 |
| 3 | GermanyDEU | $4.1B | 100 | 23 |
| 4 | MexicoMEX | $2.0B | 50 | 23 |
| 5 | Switzerland, LiechtensteinCHE | $1.8B | 74 | 23 |
| 6 | CanadaCAN | $1.5B | 88 | 23 |
| 7 | FranceFRA | $1.5B | 101 | 23 |
| 8 | United KingdomGBR | $1.3B | 86 | 23 |
| 9 | SingaporeSGP | $1.2B | 64 | 22 |
| 10 | AustriaAUT | $1.1B | 67 | 23 |
HS6 product coverage
The classifications inside this sector
Explore the six-digit product classifications that make up HS2 86.
24 classifications shownBrowse the product workspace ↗
Rail locomotives: powered from an external source of electricityHS6 860110
Rail locomotives: powered by electric accumulatorsHS6 860120
Rail locomotives: diesel-electric poweredHS6 860210
Rail locomotives and locomotive tenders: other than diesel-electric poweredHS6 860290
Railway or tramway coaches, vans and trucks: self-propelled, powered from an external source of electricity (excluding those of heading no. 8604)HS6 860310
Railway or tramway coaches, vans and trucks: self-propelled, powered other than from an external source of electricity (excluding those of heading no. 8604)HS6 860390
Railway or tramway maintenance or service vehicles: whether or not self-propelled (eg workshops, cranes, ballast tampers, trackliners, testing coaches and track inspection vehicles)HS6 860400
Railway or tramway coaches: passenger coaches, luggage vans, post office coaches and other special purpose railway or tramway coaches, not self-propelled (excluding those of heading no. 8604)HS6 860500
Railway or tramway goods vans and wagons: tank wagons and the like, not self-propelledHS6 860610
Railway or tramway goods vans and wagons: insulated or refrigerated, not self-propelled, excluding those of item no. 8606.10HS6 860620
Railway or tramway goods vans and wagons: self-discharging, not self-propelled, excluding those of item no. 8606.10HS6 860630
Railway or tramway goods vans and wagons: covered and closed, not self-propelledHS6 860691
Railway or tramway goods vans and wagons: open, with non-removable sides of a height exceeding 60cm, not self-propelledHS6 860692
Railway or tramway goods vans and wagons: n.e.s. in heading no. 8606, not self-propelledHS6 860699
Railway or tramway locomotives or rolling stock: parts, driving bogies and bissel-bogiesHS6 860711
Railway or tramway locomotives or rolling stock: parts, bogies and bissel-bogies (excluding driving bogies and bissel-bogies)HS6 860712
Railway or tramway locomotives or rolling stock: parts, axles and wheels, and parts thereofHS6 860719
Railway or tramway locomotives or rolling stock: parts, air brakes and parts thereofHS6 860721
Railway or tramway locomotives or rolling stock: parts, brakes (other than air brakes) and parts thereofHS6 860729
Railway or tramway locomotives or rolling stock: parts, hooks and other coupling devices, buffers and parts thereofHS6 860730
Railway or tramway locomotives: parts n.e.c. in heading no. 8607HS6 860791
Railway or tramway rolling stock: parts n.e.c. in heading no. 8607HS6 860799
Railway or tramway track fixtures and fittings: mechanical (including electro-mechanical) signalling, safety or traffic control equipment for railways, tramways, roads, inland waterways, parking facilities, port installations or airfields: parts thereofHS6 860800
Containers: (including containers for transport of fluids) specially designed and equipped for carriage by one or more modes of transportHS6 860900
Definitions and coverage
Read the numbers with context
Clear definitions keep reported observations and calculated indicators in their proper context. Read our Responsible AI principles ↗
Reported values
Trade values describe reported merchandise trade for the HS2 classification. They are not company-level sales, retail quotes, or shipment records.
Calculated indicators
Growth, concentration, volatility, and peak comparisons are calculated from reported observations and should be read with their coverage period.
Missing data
A missing observation remains unavailable. It is not filled, interpolated, or presented as a forecast.
Coverage: 1995–2024 · Data refreshed 2026-07-20 09:34:08
Data source
OECD trade statistics with CEPII context
OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-27). OECD BIMTS is the primary trade series for this view. Supporting bilateral trade context uses CEPII BACI bilateral trade flows (202601) under Etalab 2.0 Open Licence. Yugalinks presents derived views of reported observations and calculated indicators. Data terms: OECD Terms & Conditions.