China Overtook Japan in Exports of Railway Or Tramway Track Construction Material of Iron Or Steel in 2014, 555M vs. 546M USD
Basic Iron And Steel July 07, 2015
China seized control of the global trade for railway or tramway track construction material of iron or steel. In 2014, China exported 594 thousand tonnes of railway or tramway track construction material of iron or steel, totaling 555 million USD, 45% over the previous year. Its primary trading partner was Thailand, where it supplied 16.5% of its total railway or tramway track construction material of iron or steel exports in value terms, accounting for 63.5% of total Thailand's imports.
Overall, the global trade for railway or tramway track construction material of iron or steel reached $3.4B, with a CAGR of 0,4% from 2007 to 2014. In physical terms, it showed mixed dynamics, falling from 3,201 thousand tonnes in 2007 to 2,956 thousand tonnes in 2014.
The U.S. (12.9%), Germany (9.5%), Canada (8.9%) and Brazil (6.0%) were the leading destinations of railway or tramway track construction material of iron or steel imports in 2014, together making up 37.3% of global imports. The shares of Canada, Brazil, Poland and Thailand increased, while the share of Mexico illustrated negative dynamics (-1 percentage points).
In 2014, China and Japan were the main global suppliers of railway or tramway track construction material of iron or steel with a combined share of 32.6% of global exports. The fastest growing exporters from 2007 to 2014 were the UK (+14.5% per year) and China (+12.7% per year). China significantly strengthened its position in the global export structure, from 7% in 2007 to 16% in 2014.
