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Peat; (including peat litter), whether or not agglomerated

2703 (Harmonized System 1992 for 4-digit)

2022
World Trade $1.92BRnk 789 / 1218
2022
Top Exporter | Top Importer $527M | $533MCanada | United States
2022
Product Complexity 0.14Rnk 510 / 1033
2021 - 2022
Export Growth (CAGR) -3.65%Rnk 991 / 1218
2022
Share of World Trade 0.0081%Rnk 789 / 1218

About

Overview This page contains the latest trade data of Peat. In 2022, Peat were the world's 789th most traded product, with a total trade of $1.92B. Between 2021 and 2022 the exports of Peat decreased by -3.65%, from $2B to $1.92B. Trade in Peat represent 0.0081% of total world trade.

Peat are a part of Mineral fuels, mineral oils and products of their distillation. They include Peat (including peat litter).

Exports In 2022 the top exporters of Peat  were Canada ($527M), Latvia ($324M), Netherlands ($190M), Germany ($190M), and Estonia ($162M).

Imports In 2022 the top importers of Peat were United States ($533M), Netherlands ($143M), China ($113M), France ($105M), and Germany ($89.7M).

Ranking Peat ranks 510th in the Product Complexity Index (PCI).

Description -

Latest Trends

Latest Data

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The following visualization shows the latest trends on Peat. 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 (2022)Canada$527M
Top Destination (2022)United States$533M

In 2022 Peat were the world's 789th most traded product (out of 1,218).

In 2022, the top exporters of Peat were Canada ($527M), Latvia ($324M), Netherlands ($190M), Germany ($190M), and Estonia ($162M).

In 2022, the top importers of Peat were United States ($533M), Netherlands ($143M), China ($113M), France ($105M), and Germany ($89.7M).

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Exporters of Peat (2022)
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Importers of Peat (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Latvia$40.1M
Top Destination Growth (2021 -  2022)China$28.6M

Between 2021 and 2022, the exports of Peat grew the fastest in Latvia ($40.1M), Estonia ($25.4M), Belarus ($9.59M), Finland ($6.89M), and Sri Lanka ($5.58M).

Between 2021 and 2022, the fastest growing importers of Peat were China ($28.6M), Lithuania ($12.7M), Poland ($11.5M), Mexico ($10.3M), and Saudi Arabia ($9.41M).

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Exporters of Peat (2021 - 2022)

Importers of Peat (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Peat.

In 2022, market concentration measured using Shannon Entropy, was 3.52. This means that most of the exports of Peat are explained by 11 countries.

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Value of Exports in Peat

Net Trade

TOP NET EXPORTER (2022)Canada$505M
TOP NET IMPORTER (2022)United States$503M

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

In 2022, the countries that had a largest trade value in exports than in imports of Peat were Canada ($505M), Latvia ($316M), Estonia ($156M), Germany ($100M), and Lithuania ($87.5M).

In 2022, the countries that had a largest trade value in imports than in exports of Peat were United States ($503M), China ($109M), France ($101M), Italy ($69.8M), and Poland ($45.8M).

Net Trade (2022)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Peat by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALMexico+ $1.09M
TOP IMPORT POTENTIALLatvia+ $414k

Peat’s highest export potential is Mexico. With an export gap of $1.09M.  Peat’s highest import potential is Latvia with an import gap of $414k.

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)

Related Products

This visualization shows products that are likely to be exported by countries that export Peat.

Country by Relatedness

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

Relative Relatedness by Country (2022)

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