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Vegetable, mineral carving material and articles of these materials, moulded or carved articles of wax, stearin, natural gums, resins or modelling pastes, worked unhardened gelatin (not heading no. 3503)

9602 (Harmonized System 1992 for 4-digit)

2022
World Trade $1.23BRnk 898 / 1218
2022
Top Exporter | Top Importer $234M | $350MChina | United States
2022
Product Complexity -0.0063Rnk 556 / 1033
2021 - 2022
Export Growth (CAGR) 9.35%Rnk 432 / 1218
2022
Share of World Trade 0.0052%Rnk 898 / 1218

About

Overview This page contains the latest trade data of Vegetable and Mineral Carvings. In 2022, Vegetable and Mineral Carvings were the world's 898th most traded product, with a total trade of $1.23B. Between 2021 and 2022 the exports of Vegetable and Mineral Carvings grew by 9.35%, from $1.12B to $1.23B. Trade in Vegetable and Mineral Carvings represent 0.0052% of total world trade.

Vegetable and Mineral Carvings are a part of Misc. manufactures. They include Worked vegetable, mineral carving articles.

Exports In 2022 the top exporters of Vegetable and Mineral Carvings  were China ($234M), Belgium ($211M), India ($184M), United States ($93.3M), and Vietnam ($71.2M).

Imports In 2022 the top importers of Vegetable and Mineral Carvings were United States ($350M), Germany ($69.8M), Spain ($57.8M), Netherlands ($46.3M), and Mexico ($39.1M).

Ranking Vegetable and Mineral Carvings ranks 556th in the Product Complexity Index (PCI).

Description -

Latest Trends

Latest Data

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The following visualization shows the latest trends on Vegetable and Mineral Carvings. 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)China$234M
Top Destination (2022)United States$350M

In 2022 Vegetable and Mineral Carvings were the world's 898th most traded product (out of 1,218).

In 2022, the top exporters of Vegetable and Mineral Carvings were China ($234M), Belgium ($211M), India ($184M), United States ($93.3M), and Vietnam ($71.2M).

In 2022, the top importers of Vegetable and Mineral Carvings were United States ($350M), Germany ($69.8M), Spain ($57.8M), Netherlands ($46.3M), and Mexico ($39.1M).

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Exporters of Vegetable and Mineral Carvings (2022)
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Importers of Vegetable and Mineral Carvings (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)India$39.2M
Top Destination Growth (2021 -  2022)United States$41.9M

Between 2021 and 2022, the exports of Vegetable and Mineral Carvings grew the fastest in India ($39.2M), China ($36.6M), France ($20M), Mexico ($7.7M), and Vietnam ($7.11M).

Between 2021 and 2022, the fastest growing importers of Vegetable and Mineral Carvings were United States ($41.9M), Spain ($24.9M), Brazil ($10.4M), Germany ($6.59M), and Bangladesh ($6.1M).

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Exporters of Vegetable and Mineral Carvings (2021 - 2022)

Importers of Vegetable and Mineral Carvings (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Vegetable and Mineral Carvings.

In 2022, market concentration measured using Shannon Entropy, was 3.89. This means that most of the exports of Vegetable and Mineral Carvings are explained by 14 countries.

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Value of Exports in Vegetable and Mineral Carvings

Net Trade

TOP NET EXPORTER (2022)China$229M
TOP NET IMPORTER (2022)United States$256M

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

In 2022, the countries that had a largest trade value in exports than in imports of Vegetable and Mineral Carvings were China ($229M), Belgium ($194M), India ($168M), Vietnam ($65.6M), and South Korea ($37M).

In 2022, the countries that had a largest trade value in imports than in exports of Vegetable and Mineral Carvings were United States ($256M), Germany ($51.7M), Spain ($44.6M), Russia ($28M), and Netherlands ($26.6M).

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 Vegetable and Mineral Carvings.
It is possible to select the main countries that export or import Vegetable and Mineral Carvings in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Vegetable and Mineral Carvings by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $3.52M
TOP IMPORT POTENTIALIndia+ $1.34M

Vegetable and Mineral Carvings’s highest export potential is India. With an export gap of $3.52M.  Vegetable and Mineral Carvings’s highest import potential is India with an import gap of $1.34M.

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)

Country by Relatedness

The following visualization shows the relatedness of Vegetable and Mineral Carvings 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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