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320120 (Harmonized System 1992 for 6-digit)

2023
World Trade $109MRnk 4012 / 4644
2023
Top Exporter | Top Importer $61.3M | $20.8MSouth Africa | India
2023
Product Complexity -1.64Rnk 4360 / 4656
2022 - 2023
Export Growth (CAGR) 3.72%Rnk 1162 / 4644
2023
Share of World Trade 0.00048%Rnk 4012 / 4644

About

Overview This page contains the latest trade data of Wattle tanning extract. In 2023, Wattle tanning extract were the world's 4012th most traded product, with a total trade of $109M. Between 2022 and 2023 the exports of Wattle tanning extract grew by 3.72%, from $105M to $109M. Trade in Wattle tanning extract represent 0.00048% of total world trade.

Wattle tanning extract are a part of Vegetable Tanning Extracts.

Exports In 2023 the top exporters of Wattle tanning extract  were South Africa ($61.3M), Brazil ($27.2M), Tanzania ($4.57M), Zimbabwe ($3.58M), and United States ($1.88M).

Imports In 2023 the top importers of Wattle tanning extract were India ($20.8M), China ($18.6M), Italy ($8.16M), Turkey ($7.26M), and Mexico ($5.51M).

Ranking Wattle tanning extract ranks 4360th in the Product Complexity Index (PCI).

Description The extract from the bark of the Acacia tree is used in tanning leather. It is also used to make a type of gum.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Wattle tanning extract. 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)South Africa$61.3M
Top Destination (2023)India$20.8M

In 2023 Wattle tanning extract were the world's 4012th most traded product (out of 4,644).

In 2023, the top exporters of Wattle tanning extract were South Africa ($61.3M), Brazil ($27.2M), Tanzania ($4.57M), Zimbabwe ($3.58M), and United States ($1.88M).

In 2023, the top importers of Wattle tanning extract were India ($20.8M), China ($18.6M), Italy ($8.16M), Turkey ($7.26M), and Mexico ($5.51M).

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Exporters of Wattle tanning extract (2023)
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Importers of Wattle tanning extract (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)South Africa$5.86M
Top Destination Growth (2022 -  2023)China$4.45M

Between 2022 and 2023, the exports of Wattle tanning extract grew the fastest in South Africa ($5.86M), Zimbabwe ($934k), Djibouti ($779k), Brazil ($761k), and Tanzania ($698k).

Between 2022 and 2023, the fastest growing importers of Wattle tanning extract were China ($4.45M), Cuba ($2.19M), Ethiopia ($921k), Bangladesh ($678k), and Canada ($643k).

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Exporters of Wattle tanning extract (2022 - 2023)

Importers of Wattle tanning extract (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Wattle tanning extract.

In 2023, market concentration measured using Shannon Entropy, was 2.16. This means that most of the exports of Wattle tanning extract are explained by 4 countries.

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Value of Exports in Wattle tanning extract

Net Trade

TOP NET EXPORTER (2023)South Africa$61.2M
TOP NET IMPORTER (2023)India$19.3M

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

In 2023, the countries that had a largest trade value in exports than in imports of Wattle tanning extract were South Africa ($61.2M), Brazil ($26M), Tanzania ($4.57M), Zimbabwe ($3.58M), and United Arab Emirates ($808k).

In 2023, the countries that had a largest trade value in imports than in exports of Wattle tanning extract were India ($19.3M), China ($18.3M), Italy ($6.85M), Turkey ($6.07M), and Mexico ($5.51M).

Net Trade (2023)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Wattle tanning extract by percentage of total exports

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)

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