HS Icon Fuel Wood

4401 (Harmonized System 1992 for 4-digit)

World Trade (2018): $10.2B, Rnk 324 / 1225

Top Exporter (2018): $1.71B, Vietnam

Top Importer (2018): $1.98B, Japan

Product Complexity (2018): -0.037, Rnk 562 / 1018

Export Growth (CAGR)(2017 - 2018): 22.2%, Rnk 288 / 1225

Mean Tariff (2018): 5.51%, Rnk 749 / 1259

Share of World Trade (2018): 0.055%, Rnk 324 / 1225

Overview:  This page contains the latest trade data of Fuel Wood. In 2018, Fuel Wood were the world's 324th most traded product, with a total trade of $10.2B. Between 2017 and 2018 the exports of Fuel Wood grew by 22.2%, from  $8.31B to $10.2B. Trade in Fuel Wood represent 0.055% of total world trade.

Exports: In 2018 the top exporters of Fuel Wood  were Vietnam ($1.71B), United States ($1.34B), Australia ($1.17B), Canada ($474M), and Latvia ($435M).

Imports: In 2018 the top importers of Fuel Wood were Japan ($1.98B), China ($1.79B), United Kingdom ($1.26B), Italy ($785M), and Denmark ($602M).

Tariffs: In 2018 the average tariff for Fuel Wood was 5.51%, been the 749 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Fuel Wood are Zambia (36.3%), Sudan (35%), Cameroon (29.4%), Gabon (29.4%), and Chad (29.4%). The countries with the lowest tariffs are Ethiopia (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Fuel Wood ranks 562nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Vietnam, $1.71B

Top Destination (2018): Japan, $1.98B

Fuel Wood are the world's 324th most traded product.

In 2018, the top exporters of Fuel Wood were Vietnam ($1.71B), United States ($1.34B), Australia ($1.17B), Canada ($474M), and Latvia ($435M).

In 2018, the top importers of Fuel Wood were Japan ($1.98B), China ($1.79B), United Kingdom ($1.26B), Italy ($785M), and Denmark ($602M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Vietnam, $449M

Top Destination Growth (2017 - 2018): Italy, $309M

Between 2017 and 2018, the exports of Fuel Wood grew the fastest in Vietnam ($449M), United States ($168M), Latvia ($110M), Australia ($91.6M), and Germany ($74.8M).

Between 2017 and 2018, the fastest growing importers of Fuel Wood were Italy ($309M), South Korea ($220M), China ($202M), Denmark ($140M), and Japan ($123M).

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Market Concentration

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Cumulative market share

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

In 2018,  market concentration measured using Shannon Entropy, was 4.56. This means that most of the exports of Fuel Wood are explained by 23 countries.

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TOP NET EXPORTER (2018): Vietnam, $1.7B

TOP NET IMPORTER (2018): Japan, $1.98B

This map shows which countries export or import more of Fuel Wood. Each country is colored based on the difference in exports and imports of Fuel Wood during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Fuel Wood were Vietnam ($1.7B), United States ($1.21B), Australia ($1.16B), Chile ($399M), and Latvia ($385M).

In 2018, the countries that had a largest trade value in imports than in exports of Fuel Wood were Japan ($1.98B), China ($1.78B), United Kingdom ($1.21B), Italy ($766M), and South Korea ($552M).

Trade Forecasts

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This section shows forecasts for total trade for Fuel Wood. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Fuel Wood was 5.51%.  The countries with the highest tariffs for importing Fuel Wood were Zambia (36.3%), Sudan (35%), Cameroon (29.4%), Gabon (29.4%), and Chad (29.4%).

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Product Complexity

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Diversification Frontier

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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.