# Railway equipment (HS2 86) Sector Trade Overview | Yugalinks

> Published by **Yugalinks**, global trade intelligence for growing businesses.
>
> [Follow Yugalinks on LinkedIn](https://in.linkedin.com/company/yugalinks)

Railway equipment at HS2 86, with reported global trade through 2024.

Canonical: https://www.yugalinks.com/trade/sector/hs2/86

## Answer

The railway equipment sector recorded $49.0B in reported global trade in 2024, with +17.6% annual change.

## Key figures

| Measure | Value |
| --- | --- |
| Latest reported trade | $49.0B |
| Latest annual change | +17.6% |
| Active exporters | 189 |
| Active importers | 199 |
| Active HS6 products | 23 |

## Annual trend

| Year | Global trade | Corridors | HS6 products |
| --- | ---: | ---: | ---: |
| 1995 | $8.9B | 3,112 | 23 |
| 1996 | $8.5B | 3,291 | 23 |
| 1997 | $8.8B | 3,445 | 23 |
| 1998 | $11.0B | 3,532 | 23 |
| 1999 | $11.0B | 3,878 | 23 |
| 2000 | $10.9B | 4,200 | 23 |
| 2001 | $11.2B | 4,180 | 23 |
| 2002 | $11.2B | 4,479 | 23 |
| 2003 | $15.9B | 4,544 | 23 |
| 2004 | $20.3B | 4,756 | 23 |
| 2005 | $21.2B | 4,845 | 23 |
| 2006 | $23.5B | 5,233 | 23 |
| 2007 | $28.9B | 5,213 | 23 |
| 2008 | $34.6B | 5,369 | 23 |
| 2009 | $25.7B | 5,645 | 23 |
| 2010 | $31.0B | 5,562 | 23 |
| 2011 | $39.6B | 5,837 | 23 |
| 2012 | $41.6B | 6,131 | 23 |
| 2013 | $37.1B | 6,159 | 23 |
| 2014 | $38.6B | 6,354 | 23 |
| 2015 | $34.6B | 6,682 | 23 |
| 2016 | $30.8B | 6,571 | 23 |
| 2017 | $34.4B | 6,731 | 23 |
| 2018 | $36.9B | 6,720 | 23 |
| 2019 | $36.1B | 6,910 | 23 |
| 2020 | $31.4B | 6,527 | 23 |
| 2021 | $47.3B | 6,419 | 23 |
| 2022 | $43.1B | 6,576 | 23 |
| 2023 | $43.3B | 6,827 | 23 |
| 2024 | $49.0B | 6,845 | 23 |

## Growth and market structure

- Trend: Stable
- Three-year CAGR: +1.2%
- Five-year CAGR: +6.3%
- Historical peak: $49.0B in 2,024
- Positive-growth years: 82.8%
- Exporter concentration HHI: 2,015.1
- Importer concentration HHI: 1,385.9
- Trade volatility coefficient: 0.5

## Leading corridors

| Rank | Exporter | Importer | Trade value | Growth | HS6 products | Distance | FTA |
| ---: | --- | --- | ---: | ---: | ---: | ---: | --- |
| 1 | China | China, Hong Kong Special Administrative Region | $5.0B | -11.9% | 18 | 1,226 km | Yes |
| 2 | Mexico | USA, Puerto Rico and US Virgin Islands | $3.8B | +47.3% | 23 | 3,359 km | Yes |
| 3 | China | USA, Puerto Rico and US Virgin Islands | $1.8B | -16.3% | 18 | 11,883 km | No |
| 4 | USA, Puerto Rico and US Virgin Islands | Mexico | $1.4B | +24% | 22 | 3,359 km | Yes |
| 5 | USA, Puerto Rico and US Virgin Islands | Canada | $1.2B | +7.8% | 23 | 556 km | Yes |
| 6 | China | Singapore | $969.4M | +19.9% | 18 | 3,797 km | Yes |
| 7 | China | Switzerland, Liechtenstein | $789.5M | +22.8% | 11 | 9,034 km | Yes |
| 8 | China | Germany | $649.3M | +3% | 15 | 8,415 km | No |
| 9 | Austria | Germany | $619.5M | -6.1% | 17 | 524 km | Yes |
| 10 | Canada | USA, Puerto Rico and US Virgin Islands | $580.4M | +11.8% | 22 | 556 km | Yes |

## Leading exporters

| Rank | Country | Exports | Partners | HS6 products |
| ---: | --- | ---: | ---: | ---: |
| 1 | China | $15.8B | 185 | 23 |
| 2 | Germany | $4.0B | 164 | 23 |
| 3 | Mexico | $4.0B | 61 | 23 |
| 4 | USA, Puerto Rico and US Virgin Islands | $3.7B | 169 | 23 |
| 5 | Spain | $2.2B | 143 | 23 |
| 6 | Poland | $2.0B | 119 | 23 |
| 7 | Austria | $1.7B | 113 | 23 |
| 8 | Czechia | $1.4B | 90 | 23 |
| 9 | Italy | $1.1B | 158 | 23 |
| 10 | France | $1.1B | 162 | 23 |

## Leading importers

| Rank | Country | Imports | Partners | HS6 products |
| ---: | --- | ---: | ---: | ---: |
| 1 | USA, Puerto Rico and US Virgin Islands | $7.1B | 111 | 23 |
| 2 | China, Hong Kong Special Administrative Region | $5.1B | 46 | 21 |
| 3 | Germany | $4.1B | 100 | 23 |
| 4 | Mexico | $2.0B | 50 | 23 |
| 5 | Switzerland, Liechtenstein | $1.8B | 74 | 23 |
| 6 | Canada | $1.5B | 88 | 23 |
| 7 | France | $1.5B | 101 | 23 |
| 8 | United Kingdom | $1.3B | 86 | 23 |
| 9 | Singapore | $1.2B | 64 | 22 |
| 10 | Austria | $1.1B | 67 | 23 |

## HS6 products

- Rail locomotives: powered from an external source of electricity (HS6 860110)
- Rail locomotives: powered by electric accumulators (HS6 860120)
- Rail locomotives: diesel-electric powered (HS6 860210)
- Rail locomotives and locomotive tenders: other than diesel-electric powered (HS6 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-propelled (HS6 860610)
- Railway or tramway goods vans and wagons: insulated or refrigerated, not self-propelled, excluding those of item no. 8606.10 (HS6 860620)
- Railway or tramway goods vans and wagons: self-discharging, not self-propelled, excluding those of item no. 8606.10 (HS6 860630)
- Railway or tramway goods vans and wagons: covered and closed, not self-propelled (HS6 860691)
- Railway or tramway goods vans and wagons: open, with non-removable sides of a height exceeding 60cm, not self-propelled (HS6 860692)
- Railway or tramway goods vans and wagons: n.e.s. in heading no. 8606, not self-propelled (HS6 860699)
- Railway or tramway locomotives or rolling stock: parts, driving bogies and bissel-bogies (HS6 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 thereof (HS6 860719)
- Railway or tramway locomotives or rolling stock: parts, air brakes and parts thereof (HS6 860721)
- Railway or tramway locomotives or rolling stock: parts, brakes (other than air brakes) and parts thereof (HS6 860729)
- Railway or tramway locomotives or rolling stock: parts, hooks and other coupling devices, buffers and parts thereof (HS6 860730)
- Railway or tramway locomotives: parts n.e.c. in heading no. 8607 (HS6 860791)
- Railway or tramway rolling stock: parts n.e.c. in heading no. 8607 (HS6 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 thereof (HS6 860800)
- Containers: (including containers for transport of fluids) specially designed and equipped for carriage by one or more modes of transport (HS6 860900)

## Definitions and coverage

Merchandise trade observations aggregated to HS2. Growth, concentration, volatility, and peak comparisons calculated from reported observations. Missing values remain unavailable and are not imputed.

Reported observations cover 1995-2024. The data release was refreshed 2026-07-20 09:34:08.

## Other formats

- [HTML](https://www.yugalinks.com/trade/sector/hs2/86/index.html)
- [JSON](https://www.yugalinks.com/trade/sector/hs2/86/index.json)
- [JSON-LD](https://www.yugalinks.com/trade/sector/hs2/86/index.ld.json)

## About Yugalinks

Yugalinks provides practical trade intelligence for teams evaluating markets, suppliers, and routes. Visit [Yugalinks](https://www.yugalinks.com) or [follow Yugalinks on LinkedIn](https://in.linkedin.com/company/yugalinks).


## Explore Yugalinks

- [Open the trade workspace](https://www.yugalinks.com/app)
- [Read the methodology](https://www.yugalinks.com/methodology)
- [Review data sources](https://www.yugalinks.com/data-sources)
- [Check data coverage](https://www.yugalinks.com/data-coverage)
- [Read Responsible AI principles](https://www.yugalinks.com/responsible-ai)

## Data sources

- Primary trade series: OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-27). [OECD Data Explorer](https://data-explorer.oecd.org/) · [OECD Terms & Conditions](https://www.oecd.org/termsandconditions/)
- CEPII BACI bilateral trade flows (202601): [dataset page](https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37) · [BACI documentation](https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html) · [Etalab 2.0 Open Licence](https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf)

This page presents derived Yugalinks views of reported observations and calculated indicators.