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IX (Harmonized System 1992 for Section)

2021
World Trade $194BRnk 16 / 21
2021
Top Exporter | Top Importer $22.5B | $36.5BCanada | United States
2021
Product Complexity -0.36Rnk 14 / 21
2020 - 2021
Export Growth (CAGR) 38.4%Rnk 4 / 21
2018
Mean Tariff 8.38%Rnk 12 / 21
2021
Share of World Trade 0.92%Rnk 16 / 21

About

Overview This page contains the latest trade data of Wood Products. In 2021, Wood Products were the world's 16th most traded product, with a total trade of $194B. Between 2020 and 2021 the exports of Wood Products grew by 38.4%, from $140B to $194B. Trade in Wood Products represent 0.92% of total world trade.

Wood Products include Wood, wood articles, & charcoal, Straw & esparto manufactures, and Cork & cork articles.

Exports In 2021 the top exporters of Wood Products  were Canada ($22.5B), China ($20.5B), Germany ($13.3B), Russia ($12B), and United States ($9.82B).

Imports In 2021 the top importers of Wood Products were United States ($36.5B), China ($21.2B), Germany ($12.2B), Japan ($11.1B), and United Kingdom ($10.3B).

Tariffs In 2018 the average tariff for Wood Products was 8.38%, making it the 12th lowest tariff using the Section product classification.

Ranking Wood Products ranks 14th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Wood Products. 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.

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Historical Data

Exporters and Importers

Top Origin (2021)Canada$22.5B
Top Destination (2021)United States$36.5B

In 2021 Wood Products were the world's 16th most traded product (out of 21).

In 2021, the top exporters of Wood Products were Canada ($22.5B), China ($20.5B), Germany ($13.3B), Russia ($12B), and United States ($9.82B).

In 2021, the top importers of Wood Products were United States ($36.5B), China ($21.2B), Germany ($12.2B), Japan ($11.1B), and United Kingdom ($10.3B).

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Exporters of Wood Products (2021)
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Importers of Wood Products (2021)
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Market Dynamics

Color
Top Origin Growth (2020 -  2021)Canada$9.1B
Top Destination Growth (2020 -  2021)United States$13.3B

Between 2020 and 2021, the exports of Wood Products grew the fastest in Canada ($9.1B), China ($5.17B), Russia ($3.57B), Germany ($3.51B), and New Zealand ($2.96B).

Between 2020 and 2021, the fastest growing importers of Wood Products were United States ($13.3B), China ($4.21B), Germany ($3.3B), United Kingdom ($3.23B), and Japan ($2.98B).

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Exporters of Wood Products (2020 - 2021)

Importers of Wood Products (2020 - 2021)

Market Concentration

Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Wood Products.

In 2021, market concentration measured using Shannon Entropy, was 5.17. This means that most of the exports of Wood Products are explained by 36 countries.

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Value of Exports in Wood Products

Net Trade

TOP NET EXPORTER (2021)Canada$18.6B
TOP NET IMPORTER (2021)United States$26.7B

This map shows which countries export or import more of Wood Products. Each country is colored based on the difference in exports and imports of Wood Products during 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Wood Products were Canada ($18.6B), Russia ($11.1B), New Zealand ($5.56B), Indonesia ($4.86B), and Brazil ($4.43B).

In 2021, the countries that had a largest trade value in imports than in exports of Wood Products were United States ($26.7B), Japan ($10.7B), United Kingdom ($9.55B), South Korea ($3.8B), and Italy ($3.67B).

Net Trade (2021)

Disaggregation

Value
Disaggregation

In 2021, the world most traded Wood Products, disaggragated by their HS6 level were Wood, wood articles, & charcoal ($189B), Straw & esparto manufactures ($3.3B), and Cork & cork articles ($2.21B)

HS6 Disaggregation for Wood Products (2021)
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Country Comparison

Flow
Measure
Ranking

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

Top 10 Exporters Countries of Wood Products 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 (2021)

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