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Cork and articles of cork

45 (Harmonized System 1992 for 2-digit)

2022
World Trade $2.2BRnk 94 / 96
2022
Top Exporter | Top Importer $1.24B | $368MPortugal | France
2022
Product Complexity -0.18Rnk 49 / 96
2021 - 2022
Export Growth (CAGR) -1.3%Rnk 76 / 96
2022
Share of World Trade 0.0093%Rnk 94 / 96

About

Overview This page contains the latest trade data of Cork & cork articles. In 2022, Cork & cork articles were the world's 94th most traded product, with a total trade of $2.2B. Between 2021 and 2022 the exports of Cork & cork articles decreased by -1.3%, from $2.23B to $2.2B. Trade in Cork & cork articles represent 0.0093% of total world trade.

Cork & cork articles are a part of Wood Products. They include Agglomerated Cork, Natural Cork Articles, Raw Cork, and Debacked Cork.

Exports In 2022 the top exporters of Cork & cork articles  were Portugal ($1.24B), Spain ($428M), France ($108M), China ($68.8M), and Italy ($64.8M).

Imports In 2022 the top importers of Cork & cork articles were France ($368M), United States ($292M), Portugal ($241M), Spain ($232M), and Italy ($211M).

Ranking Cork & cork articles ranks 49th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Cork & cork articles. Countries are shown based on data availability.

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

Explore Latest Trends

* 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 (2022)Portugal$1.24B
Top Destination (2022)France$368M

In 2022 Cork & cork articles were the world's 94th most traded product (out of 96).

In 2022, the top exporters of Cork & cork articles were Portugal ($1.24B), Spain ($428M), France ($108M), China ($68.8M), and Italy ($64.8M).

In 2022, the top importers of Cork & cork articles were France ($368M), United States ($292M), Portugal ($241M), Spain ($232M), and Italy ($211M).

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Exporters of Cork & cork articles (2022)
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Importers of Cork & cork articles (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Spain$29.2M
Top Destination Growth (2021 -  2022)Portugal$25.6M

Between 2021 and 2022, the exports of Cork & cork articles grew the fastest in Spain ($29.2M), Morocco ($10M), Turkey ($7.57M), Tunisia ($5.43M), and United States ($5.2M).

Between 2021 and 2022, the fastest growing importers of Cork & cork articles were Portugal ($25.6M), Italy ($23.1M), Spain ($14.1M), Turkey ($9.52M), and Belarus ($4.62M).

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Exporters of Cork & cork articles (2021 - 2022)

Importers of Cork & cork articles (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Cork & cork articles.

In 2022, market concentration measured using Shannon Entropy, was 2.47. This means that most of the exports of Cork & cork articles are explained by 5 countries.

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Value of Exports in Cork & cork articles

Net Trade

TOP NET EXPORTER (2022)Portugal$998M
TOP NET IMPORTER (2022)United States$264M

This map shows which countries export or import more of Cork & cork articles. Each country is colored based on the difference in exports and imports of Cork & cork articles during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Cork & cork articles were Portugal ($998M), Spain ($195M), United Arab Emirates ($26.2M), China ($22.9M), and Morocco ($21.9M).

In 2022, the countries that had a largest trade value in imports than in exports of Cork & cork articles were United States ($264M), France ($260M), Italy ($146M), Germany ($76.4M), and United Kingdom ($61.6M).

Net Trade (2022)

Disaggregation

Value
Disaggregation

In 2022, the world most traded Cork & cork articles, disaggragated by their HS6 level were Agglomerated Cork ($1.09B), Natural Cork Articles ($737M), Raw Cork ($334M), and Debacked Cork ($45.1M)

HS6 Disaggregation for Cork & cork articles (2022)
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Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Cork & cork articles by percentage of total exports

Potential Exports

Potential Exports

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View
TOP EXPORT POTENTIALIndia+ $722k
TOP IMPORT POTENTIALChina+ $341k

Cork & cork articles’s highest export potential is India. With an export gap of $722k.  Cork & cork articles’s highest import potential is China with an import gap of $341k.

See methodology.

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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 (2022)

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