PeatPeat; (including peat litter), whether or not agglomerated
2703 (Harmonized System 1992 for 4-digit)
2021 World Trade: $1.97B, Rnk 764 / 1217
2021 Top Exporter | Top Importer: $574M | $569M, Canada | United States
2021 Product Complexity: -0.081, Rnk 578 / 1024
2020 - 2021 Export Growth (CAGR): 20.6%, Rnk 628 / 1217
2018 Mean Tariff: 2.48%, Rnk 1190 / 1259
2021 Share of World Trade: 0.0094%, Rnk 764 / 1217
Overview This page contains the latest trade data of Peat. In 2021, Peat were the world's 764th most traded product, with a total trade of $1.97B. Between 2020 and 2021 the exports of Peat grew by 20.6%, from $1.63B to $1.97B. Trade in Peat represent 0.0094% 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 2021 the top exporters of Peat were Canada ($574M), Latvia ($287M), Germany ($223M), Netherlands ($219M), and Estonia ($137M).
Imports In 2021 the top importers of Peat were United States ($569M), Netherlands ($139M), Germany ($116M), France ($111M), and Italy ($95.5M).
Tariffs In 2018 the average tariff for Peat was 2.48%, making it the 1190th lowest tariff using the HS4 product classification.
Ranking Peat ranks 578th in the Product Complexity Index (PCI).
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.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2021): Canada, $574M
Top Destination (2021): United States, $569M
Peat are the world's 764th most traded product.
In 2021, the top exporters of Peat were Canada ($574M), Latvia ($287M), Germany ($223M), Netherlands ($219M), and Estonia ($137M).
In 2021, the top importers of Peat were United States ($569M), Netherlands ($139M), Germany ($116M), France ($111M), and Italy ($95.5M).
Trade by country
Top Origin Growth (2020 - 2021): Canada, $124M
Top Destination Growth (2020 - 2021): United States, $129M
Between 2020 and 2021, the exports of Peat grew the fastest in Canada ($124M), Latvia ($51.9M), Netherlands ($33.1M), Estonia ($31.2M), and Germany ($28.6M).
Between 2020 and 2021, the fastest growing importers of Peat were United States ($129M), Netherlands ($26.8M), China ($23.7M), Italy ($17.3M), and Spain ($15.5M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Peat.
In 2021, market concentration measured using Shannon Entropy, was 3.47. This means that most of the exports of Peat are explained by 11 countries.
TOP NET EXPORTER (2021): Canada, $555M
TOP NET IMPORTER (2021): United States, $546M
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 2021.
In 2021, the countries that had a largest trade value in exports than in imports of Peat were Canada ($555M), Latvia ($280M), Estonia ($129M), Germany ($107M), and Lithuania ($92.3M).
In 2021, the countries that had a largest trade value in imports than in exports of Peat were United States ($546M), France ($104M), Italy ($91.9M), China ($71.4M), and United Kingdom ($59.6M).
In 2021, the world most traded Peat, disaggragated by their HS6 level were Peat (including peat litter) ($1.97B)
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.
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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