Export of Railway Goods Wagons in the United States Sees a Modest Rise to $54M in June 2023
U.S. Railway Goods Wagon Exports
After two months of growth, overseas shipments of railway or tramway goods vans and wagons (not self-propelled) decreased by -9.6% to 652 units in June 2023. Overall, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in August 2022 with an increase of 103% month-to-month. The exports peaked at 1.7K units in June 2022; however, from July 2022 to June 2023, the exports failed to regain momentum.
In value terms, railway goods wagon exports surged to $54M (IndexBox estimates) in June 2023. Over the period under review, exports recorded a abrupt setback. The pace of growth was the most pronounced in August 2022 when exports increased by 108% against the previous month. Over the period under review, the exports attained the peak figure at 150M units in June 2022; however, from July 2022 to June 2023, the exports stood at a somewhat lower figure.
Exports by Country
Mexico (539 units) was the main destination for railway goods wagon exports from the United States, with a 83% share of total exports. Moreover, railway goods wagon exports to Mexico exceeded the volume sent to the second major destination, Canada (113 units), fivefold.
From June 2022 to June 2023, the average monthly rate of growth in terms of volume to Mexico stood at +3.4%.
In value terms, Mexico ($42M) remains the key foreign market for railway goods wagon exports from the United States, comprising 78% of total exports. The second position in the ranking was taken by Canada ($12M), with a 22% share of total exports.
From June 2022 to June 2023, the average monthly rate of growth in terms of value to Mexico amounted to +6.8%.
Export Prices by Country
In June 2023, the railway goods wagon price stood at $82,656 per unit (FOB, US), surging by 29% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2022 when the average export price increased by 56% against the previous month. The export price peaked at $94,924 per unit in October 2022; however, from November 2022 to June 2023, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major export markets. In June 2023, the country with the highest price was Canada ($105K per unit), while the average price for exports to Mexico stood at $78,031 per unit.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+3.3%).
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