Fuel Wood4401 (Harmonized System 1992 for 4-digit)
2020 World Trade: $9.95B, Rnk 317 / 1217
2020 Top Exporter | Top Importer: $1.92B | $1.72B, Vietnam | Japan
2020 Product Complexity: -0.2, Rnk 608 / 1028
2019 - 2020 Export Growth (CAGR): -8.56%, Rnk 667 / 1217
2018 Mean Tariff: 5.51%, Rnk 759 / 1259
2020 Share of World Trade: 0.059%, Rnk 317 / 1217
Overview This page contains the latest trade data of Fuel Wood. In 2020, Fuel Wood were the world's 317th most traded product, with a total trade of $9.95B. Between 2019 and 2020 the exports of Fuel Wood decreased by -8.56%, from $10.9B to $9.95B. Trade in Fuel Wood represent 0.059% of total world trade.
Fuel Wood are a part of Wood, wood articles, & charcoal. They include Wood in chips, non-coniferous, Sawdust, wood waste or scrap, Wood in chips, coniferous, and Fuel wood.
Exports In 2020 the top exporters of Fuel Wood were Vietnam ($1.92B), United States ($1.4B), Australia ($657M), Latvia ($557M), and Canada ($493M).
Imports In 2020 the top importers of Fuel Wood were Japan ($1.72B), China ($1.65B), United Kingdom ($1.48B), Italy ($711M), and Denmark ($622M).
Tariffs In 2018 the average tariff for Fuel Wood was 5.51%, making it the 759th lowest tariff using the HS4 product classification.
Ranking Fuel Wood ranks 608th in the Product Complexity Index (PCI).
Description Fuel wood is used for heating homes and cooking.
The following visualization shows the latest trends on Fuel Wood. Countries are shown based on data availability.
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Fuel Wood are the world's 317th most traded product.
In 2020, the top exporters of Fuel Wood were Vietnam ($1.92B), United States ($1.4B), Australia ($657M), Latvia ($557M), and Canada ($493M).
In 2020, the top importers of Fuel Wood were Japan ($1.72B), China ($1.65B), United Kingdom ($1.48B), Italy ($711M), and Denmark ($622M).
Trade by country
Top Origin Growth (2019 - 2020): Latvia, $56.1M
Top Destination Growth (2019 - 2020): Netherlands, $241M
Between 2019 and 2020, the exports of Fuel Wood grew the fastest in Latvia ($56.1M), Russia ($53.9M), Denmark ($49M), Canada ($33.2M), and Lithuania ($28.6M).
Between 2019 and 2020, the fastest growing importers of Fuel Wood were Netherlands ($241M), United Kingdom ($80.1M), Finland ($41.3M), Estonia ($28.4M), and Belgium ($9.53M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Fuel Wood.
In 2020, market concentration measured using Shannon Entropy, was 4.51. This means that most of the exports of Fuel Wood are explained by 22 countries.
This map shows which countries export or import more of Fuel Wood. Each country is colored based on the difference in exports and imports of Fuel Wood during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Fuel Wood were Vietnam ($1.92B), United States ($1.25B), Australia ($649M), Russia ($481M), and Latvia ($464M).
In 2020, the countries that had a largest trade value in imports than in exports of Fuel Wood were Japan ($1.72B), China ($1.64B), United Kingdom ($1.46B), Italy ($691M), and South Korea ($399M).
In 2020, the world most traded Fuel Wood, disaggragated by their HS6 level were Sawdust, wood waste or scrap ($5.31B), Wood in chips, non-coniferous ($3.31B), Wood in chips, coniferous ($870M), and Fuel wood ($456M)
This visualization shows the countries that have an important ratio of their trade related to Fuel Wood. It is possible to select the main countries that export or import Fuel Wood in the world, or by continent, as well as select the measure of interest.
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.
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