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Natural cork, raw or simply prepared; waste cork; crushed, granulated or ground cork

4501 (Harmonized System 1992 for 4-digit)

2023
World Trade $455MRnk 1052 / 1217
2023
Top Exporter | Top Importer $214M | $241MSpain | Portugal
2022 - 2023
Export Growth (CAGR) 18.8%Rnk 73 / 1217
2023
Share of World Trade 0.002%Rnk 1052 / 1217

About

Overview This page contains the latest trade data of Raw Cork. In 2023, Raw Cork were the world's 1052nd most traded product, with a total trade of $455M. Between 2022 and 2023 the exports of Raw Cork grew by 18.8%, from $383M to $455M. Trade in Raw Cork represent 0.002% of total world trade.

Raw Cork are a part of Cork & cork articles. They include Natural cork, raw or simply prepared and Waste cork, crushed, granulated or ground.

Exports In 2023 the top exporters of Raw Cork  were Spain ($214M), Portugal ($151M), Italy ($41.7M), Morocco ($13.7M), and China ($6.42M).

Imports In 2023 the top importers of Raw Cork were Portugal ($241M), Spain ($115M), France ($25.4M), Germany ($13.3M), and United States ($7.51M).

Description Cork is a natural material that can be used for insulation, decoration, and as a stopper.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Raw Cork. 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)Spain$214M
Top Destination (2023)Portugal$241M

In 2023 Raw Cork were the world's 1052nd most traded product (out of 1,217).

In 2023, the top exporters of Raw Cork were Spain ($214M), Portugal ($151M), Italy ($41.7M), Morocco ($13.7M), and China ($6.42M).

In 2023, the top importers of Raw Cork were Portugal ($241M), Spain ($115M), France ($25.4M), Germany ($13.3M), and United States ($7.51M).

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Exporters of Raw Cork (2023)
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Importers of Raw Cork (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Portugal$40M
Top Destination Growth (2022 -  2023)Portugal$36M

Between 2022 and 2023, the exports of Raw Cork grew the fastest in Portugal ($40M), Spain ($26.7M), China ($4.36M), Italy ($4.22M), and Morocco ($1.55M).

Between 2022 and 2023, the fastest growing importers of Raw Cork were Portugal ($36M), Spain ($29.5M), Germany ($2.8M), United States ($2.1M), and Brazil ($1.36M).

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Exporters of Raw Cork (2022 - 2023)

Importers of Raw Cork (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Raw Cork.

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

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Value of Exports in Raw Cork

Net Trade

TOP NET EXPORTER (2023)Spain$99.2M
TOP NET IMPORTER (2023)Portugal$89.7M

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

In 2023, the countries that had a largest trade value in exports than in imports of Raw Cork were Spain ($99.2M), Italy ($34.8M), Morocco ($13.5M), Algeria ($6.02M), and Tunisia ($5.16M).

In 2023, the countries that had a largest trade value in imports than in exports of Raw Cork were Portugal ($89.7M), France ($20.5M), Germany ($12.6M), Netherlands ($4.94M), and India ($4.18M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Raw Cork, disaggragated by their HS6 level were Waste cork, crushed, granulated or ground ($235M) and Natural cork, raw or simply prepared ($220M)

HS6 Disaggregation for Raw Cork (2023)
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Country Comparison

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Ranking

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

Top 10 Exporters Countries of Raw Cork by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $358k
TOP IMPORT POTENTIALAlgeria+ $172k

Raw Cork’s highest export potential is China. With an export gap of $358k.  Raw Cork’s highest import potential is Algeria with an import gap of $172k.

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 Raw Cork 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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