HS Icon Natural Cork Articles

4503 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Natural Cork Articles. In 2020, Natural Cork Articles were the world's 976th most traded product, with a total trade of $655M. Between 2019 and 2020 the exports of Natural Cork Articles decreased by -9.23%, from $722M to $655M. Trade in Natural Cork Articles represent 0.0039% 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 2020 the top exporters of Natural Cork Articles  were Portugal ($489M), Spain ($29.5M), France ($24.7M), China ($17.8M), and United Arab Emirates ($17.4M).

Imports In 2020 the top importers of Natural Cork Articles were United States ($151M), France ($121M), Spain ($53.2M), Italy ($52.9M), and Mexico ($36.8M).

Tariffs In 2018 the average tariff for Natural Cork Articles was 5.27%, making it the 791st lowest tariff using the HS4 product classification.

Ranking Natural Cork Articles ranks 850th in the Product Complexity Index (PCI).

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

View
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.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Historical Data

#permalink to section

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2020): Portugal, $489M

Top Destination (2020): United States, $151M

Natural Cork Articles are the world's 976th most traded product.

In 2020, the top exporters of Natural Cork Articles were Portugal ($489M), Spain ($29.5M), France ($24.7M), China ($17.8M), and United Arab Emirates ($17.4M).

In 2020, the top importers of Natural Cork Articles were United States ($151M), France ($121M), Spain ($53.2M), Italy ($52.9M), and Mexico ($36.8M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2019 -  2020): United Arab Emirates, $2.19M

Top Destination Growth (2019 - 2020): United States, $13.1M

Between 2019 and 2020, the exports of Natural Cork Articles grew the fastest in United Arab Emirates ($2.19M), China ($1.55M), France ($1.34M), United States ($1.04M), and Australia ($854k).

Between 2019 and 2020, the fastest growing importers of Natural Cork Articles were United States ($13.1M), Mexico ($7.17M), Oman ($4.06M), Bahrain ($1.72M), and United Arab Emirates ($1.47M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

Value

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

In 2020,  market concentration measured using Shannon Entropy, was 1.84. This means that most of the exports of Natural Cork Articles are explained by 3 countries.

Explore Visualizations

TOP NET EXPORTER (2020): Portugal, $463M

TOP NET IMPORTER (2020): United States, $138M

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 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Natural Cork Articles were Portugal ($463M), United Arab Emirates ($14.3M), China ($11.1M), Morocco ($7.36M), and Tunisia ($3.41M).

In 2020, the countries that had a largest trade value in imports than in exports of Natural Cork Articles were United States ($138M), France ($96.8M), Italy ($38.5M), Mexico ($33.8M), and Spain ($23.7M).

Disaggregation

#permalink to section
Value

In 2020, the world most traded Natural Cork Articles, disaggragated by their HS6 level were Corks and stoppers, natural cork ($587M) and Natural cork articles other than corks... ($67.9M)

Country Comparison

#permalink to section
Flow
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.

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
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.

Country by Relatedness

#permalink to section

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.