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681520 (Harmonized System 1992 for 6-digit)

2023
World Trade $51.8MRnk 4309 / 4644
2023
Top Exporter | Top Importer $10.4M | $12.2MCanada | United States
2023
Product Complexity 0.004Rnk 2543 / 4656
2022 - 2023
Export Growth (CAGR) -17.7%Rnk 3483 / 4644
2023
Share of World Trade 0.00023%Rnk 4309 / 4644

About

Overview This page contains the latest trade data of Articles of peat. In 2023, Articles of peat were the world's 4309th most traded product, with a total trade of $51.8M. Between 2022 and 2023 the exports of Articles of peat decreased by -17.7%, from $62.9M to $51.8M. Trade in Articles of peat represent 0.00023% of total world trade.

Articles of peat are a part of Other Stone Articles.

Exports In 2023 the top exporters of Articles of peat  were Canada ($10.4M), Netherlands ($6.78M), United States ($5.15M), Latvia ($5.13M), and Denmark ($3.61M).

Imports In 2023 the top importers of Articles of peat were United States ($12.2M), Poland ($4.76M), Germany ($3.72M), Canada ($2.92M), and Denmark ($2.84M).

Ranking Articles of peat ranks 2543rd in the Product Complexity Index (PCI).

Description Peat is often used to lighten and aerate soil in gardens. It is sometimes used in horticultural mixes for potted plants and in seed starting mixes.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Articles of peat. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Canada$10.4M
Top Destination (2023)United States$12.2M

In 2023 Articles of peat were the world's 4309th most traded product (out of 4,644).

In 2023, the top exporters of Articles of peat were Canada ($10.4M), Netherlands ($6.78M), United States ($5.15M), Latvia ($5.13M), and Denmark ($3.61M).

In 2023, the top importers of Articles of peat were United States ($12.2M), Poland ($4.76M), Germany ($3.72M), Canada ($2.92M), and Denmark ($2.84M).

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Exporters of Articles of peat (2023)
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Importers of Articles of peat (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Latvia$2.75M
Top Destination Growth (2022 -  2023)Poland$2.03M

Between 2022 and 2023, the exports of Articles of peat grew the fastest in Latvia ($2.75M), Poland ($852k), Canada ($608k), Germany ($498k), and Norway ($415k).

Between 2022 and 2023, the fastest growing importers of Articles of peat were Poland ($2.03M), United States ($1.06M), South Korea ($1.05M), Italy ($949k), and Sweden ($605k).

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Exporters of Articles of peat (2022 - 2023)

Importers of Articles of peat (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Articles of peat.

In 2023, market concentration measured using Shannon Entropy, was 3.93. This means that most of the exports of Articles of peat are explained by 15 countries.

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Value of Exports in Articles of peat

Net Trade

TOP NET EXPORTER (2023)Canada$7.5M
TOP NET IMPORTER (2023)United States$7.08M

This map shows which countries export or import more of Articles of peat. Each country is colored based on the difference in exports and imports of Articles of peat during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Articles of peat were Canada ($7.5M), Netherlands ($6.33M), Latvia ($5.05M), Norway ($3.2M), and China ($1.39M).

In 2023, the countries that had a largest trade value in imports than in exports of Articles of peat were United States ($7.08M), Poland ($3.13M), Spain ($2.51M), Italy ($1.56M), and Russia ($1.28M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Articles of peat.
It is possible to select the main countries that export or import Articles of peat in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Articles of peat by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

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