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Cork; articles of natural cork

4503 (Harmonized System 1992 for 4-digit)

2023
World Trade $738MRnk 978 / 1217
2023
Top Exporter | Top Importer $526M | $188MPortugal | United States
2023
Product Complexity -0.29Rnk 656 / 1044
2022 - 2023
Export Growth (CAGR) 1.93%Rnk 340 / 1217
2023
Share of World Trade 0.0033%Rnk 978 / 1217

About

Overview This page contains the latest trade data of Natural Cork Articles. In 2023, Natural Cork Articles were the world's 978th most traded product, with a total trade of $738M. Between 2022 and 2023 the exports of Natural Cork Articles grew by 1.93%, from $724M to $738M. Trade in Natural Cork Articles represent 0.0033% of total world trade.

Natural Cork Articles are a part of Cork & cork articles. They include Corks and stoppers, natural cork and Natural cork articles other than corks or stoppers.

Exports In 2023 the top exporters of Natural Cork Articles  were Portugal ($526M), Spain ($35.6M), United Arab Emirates ($27.7M), France ($23.8M), and Italy ($18.3M).

Imports In 2023 the top importers of Natural Cork Articles were United States ($188M), France ($122M), Italy ($77.9M), Spain ($54.7M), and United Kingdom ($36.9M).

Ranking Natural Cork Articles ranks 656th in the Product Complexity Index (PCI).

Description Natural cork is used to make wine bottle stoppers, flooring, and sealing materials.

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Natural 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.

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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)Portugal$526M
Top Destination (2023)United States$188M

In 2023 Natural Cork Articles were the world's 978th most traded product (out of 1,217).

In 2023, the top exporters of Natural Cork Articles were Portugal ($526M), Spain ($35.6M), United Arab Emirates ($27.7M), France ($23.8M), and Italy ($18.3M).

In 2023, the top importers of Natural Cork Articles were United States ($188M), France ($122M), Italy ($77.9M), Spain ($54.7M), and United Kingdom ($36.9M).

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Exporters of Natural Cork Articles (2023)
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Importers of Natural Cork Articles (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Portugal$18.1M
Top Destination Growth (2022 -  2023)Italy$12.9M

Between 2022 and 2023, the exports of Natural Cork Articles grew the fastest in Portugal ($18.1M), United States ($6.55M), United Arab Emirates ($6.08M), Germany ($4.06M), and Israel ($2.68M).

Between 2022 and 2023, the fastest growing importers of Natural Cork Articles were Italy ($12.9M), Saudi Arabia ($9.83M), United States ($9.32M), United Kingdom ($4.52M), and Canada ($3.81M).

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Exporters of Natural Cork Articles (2022 - 2023)

Importers of Natural Cork Articles (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Natural Cork Articles.

In 2023, market concentration measured using Shannon Entropy, was 2.05. This means that most of the exports of Natural Cork Articles are explained by 4 countries.

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Value of Exports in Natural Cork Articles

Net Trade

TOP NET EXPORTER (2023)Portugal$499M
TOP NET IMPORTER (2023)United States$170M

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

In 2023, the countries that had a largest trade value in exports than in imports of Natural Cork Articles were Portugal ($499M), United Arab Emirates ($22.4M), China ($6.98M), Tunisia ($6.81M), and Morocco ($6.25M).

In 2023, the countries that had a largest trade value in imports than in exports of Natural Cork Articles were United States ($170M), France ($97.8M), Italy ($59.7M), United Kingdom ($34.8M), and Saudi Arabia ($21.4M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Natural Cork Articles, disaggragated by their HS6 level were Corks and stoppers, natural cork ($634M) and Natural cork articles other than corks... ($104M)

HS6 Disaggregation for Natural Cork Articles (2023)
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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 Natural Cork Articles.
It is possible to select the main countries that export or import Natural Cork Articles in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Natural Cork Articles by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $887k
TOP IMPORT POTENTIALChina+ $133k

Natural Cork Articles’s highest export potential is China. With an export gap of $887k.  Natural Cork Articles’s highest import potential is China with an import gap of $133k.

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 (2023)

Country by Relatedness

The following visualization shows the relatedness of Natural Cork Articles to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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