2022
Exports
$1.59BWorld Rnk 2 / 144
Flag Rnk 196 / 1217
2022
PRODUCT COMPLEXITY IN Locomotive Parts
0.82Rnk 237 / 1025
2022
Imports
$998MWorld Rnk 3 / 200
Flag Rnk 398 / 1216
2022
ECONOMIC COMPLEXITY of United States
1.47Rnk 10 / 133

About

Exports In 2022, United States exported $1.59B in Locomotive Parts, making it the 2nd largest exporter of Locomotive Parts in the world. At the same year, Locomotive Parts was the 196th most exported product in United States. The main destination of Locomotive Parts exports from United States are: Mexico ($859M), Canada ($418M), Australia ($38.7M), Kazakhstan ($37.8M), and China ($29.3M).

The fastest growing export markets for Locomotive Parts of United States between 2021 and 2022 were Mexico ($446M), Canada ($86.9M), and Australia ($15.6M).

Imports In 2022, United States imported $998M in Locomotive Parts, becoming the 3rd largest importer of Locomotive Parts in the world. At the same year, Locomotive Parts was the 398th most imported product in United States. United States imports Locomotive Parts primarily from: China ($232M), Mexico ($172M), Canada ($167M), Japan ($87.4M), and Austria ($51.6M).

The fastest growing import markets in Locomotive Parts for United States between 2021 and 2022 were China ($44.6M), Japan ($37.9M), and Mexico ($37.6M).

COMPANIES In 2023, leading companies such as VOLVO GROUP NORTH AMERICA LLC (428), SIEMENS MOBILITY, INC. (424), and SAILUN TIRE AMERICAS INC. (397) were at the forefront of shipping Locomotive Parts to the United States.

Latest Trends

February 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (February 2023 - February 2024)$-12.5M(-8.18%)
IMPORT GROWTH (February 2023 - February 2024)$5.73M(7.51%)
MAIN EXPORTER (February 2024)Illinois$44.2M
MAIN DESTINATION (February 2024)Mexico$78.7M

This section shows Locomotive Parts'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 Locomotive Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.59B
IMPORTS (2022)$998M
NET TRADE (2022)$596M

In 2022, United States exported $1.59B in Locomotive Parts. The main destinations of United States exports on Locomotive Parts were Mexico ($859M), Canada ($418M), Australia ($38.7M), Kazakhstan ($37.8M), and China ($29.3M).

In 2022, United States imported $998M in Locomotive Parts, mainly from China ($232M), Mexico ($172M), Canada ($167M), Japan ($87.4M), and Austria ($51.6M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Locomotive Parts EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$446M (108%)
Canada$86.9M (26.2%)
Australia$15.6M (67.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Locomotive Parts BY United States WERE (2021 - 2022):
Egypt-$9.29M (-45.5%)
China-$5.45M (-15.7%)
Russia-$4.93M (-78.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Locomotive Parts were:
Germany $1.71B
China $1.58B
In 2022, United States's main importing competitors in Locomotive Parts were:
Germany $1.61B
Mexico $1.05B

Explore Visualizations

Trade Value of Locomotive Parts by Exporters

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