Natural Cork Articles4503 (Harmonized System 1992 for 4-digit)
2020 World Trade: $655M, Rnk 976 / 1217
2020 Top Exporter | Top Importer: $489M | $151M, Portugal | United States
2020 Product Complexity: -1.05, Rnk 850 / 1028
2019 - 2020 Export Growth (CAGR): -9.23%, Rnk 700 / 1217
2018 Mean Tariff: 5.27%, Rnk 791 / 1259
2020 Share of World Trade: 0.0039%, Rnk 976 / 1217
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.
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.
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).
Trade by country
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).
Cumulative market share
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.
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).
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)
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.
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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