HS Icon Wood in chips, coniferous

440121 (Harmonized System 1992 for 6-digit)

World Trade (2018): $1.04B, Rnk 1978 / 4726

Top Exporter (2018): $296M, United States

Top Importer (2018): $248M, Japan

Product Complexity (2018): 0.068, Rnk 2502 / 4873

Export Growth (CAGR)(2017 - 2018): 19.8%, Rnk 1393 / 4726

Mean Tariff (2018): 4.35%, Rnk 4661 / 6538

Share of World Trade (2018): 0.0056%, Rnk 1978 / 4726

Overview:  This page contains the latest trade data of Wood in chips, coniferous. In 2018, Wood in chips, coniferous were the world's 1978th most traded product, with a total trade of $1.04B. Between 2017 and 2018 the exports of Wood in chips, coniferous grew by 19.8%, from  $865M to $1.04B. Trade in Wood in chips, coniferous represent 0.0056% of total world trade.

Exports: In 2018 the top exporters of Wood in chips, coniferous  were United States ($296M), Australia ($107M), Belarus ($76.7M), Russia ($76.5M), and Latvia ($75M).

Imports: In 2018 the top importers of Wood in chips, coniferous were Japan ($248M), Finland ($113M), Turkey ($98.1M), Sweden ($93.7M), and Canada ($81.2M).

Tariffs: In 2018 the average tariff for Wood in chips, coniferous was 4.35%, been the 4661 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Wood in chips, coniferous 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: Wood in chips, coniferous ranks 2502nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $296M

Top Destination (2018): Japan, $248M

Wood in chips, coniferous are the world's 1978th most traded product.

In 2018, the top exporters of Wood in chips, coniferous were United States ($296M), Australia ($107M), Belarus ($76.7M), Russia ($76.5M), and Latvia ($75M).

In 2018, the top importers of Wood in chips, coniferous were Japan ($248M), Finland ($113M), Turkey ($98.1M), Sweden ($93.7M), and Canada ($81.2M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Belarus, $47.4M

Top Destination Growth (2017 - 2018): Finland, $29.9M

Between 2017 and 2018, the exports of Wood in chips, coniferous grew the fastest in Belarus ($47.4M), United States ($41.4M), Venezuela ($25.6M), Latvia ($20.6M), and Australia ($17.1M).

Between 2017 and 2018, the fastest growing importers of Wood in chips, coniferous were Finland ($29.9M), Canada ($22.4M), Poland ($18.8M), Sweden ($15.8M), and Austria ($13.4M).

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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 Wood in chips, coniferous.

In 2018,  market concentration measured using Shannon Entropy, was 3.95. This means that most of the exports of Wood in chips, coniferous are explained by 15 countries.

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TOP NET EXPORTER (2018): United States, $294M

TOP NET IMPORTER (2018): Japan, $248M

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

In 2018, the countries that had a largest trade value in exports than in imports of Wood in chips, coniferous were United States ($294M), Australia ($106M), Belarus ($76.7M), Russia ($76.5M), and Latvia ($68.1M).

In 2018, the countries that had a largest trade value in imports than in exports of Wood in chips, coniferous were Japan ($248M), Finland ($105M), Turkey ($98M), Sweden ($79.7M), and Canada ($77.5M).

Trade Forecasts

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This section shows forecasts for total trade for Wood in chips, coniferous. 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 Wood in chips, coniferous was 4.35%.  The countries with the highest tariffs for importing Wood in chips, coniferous 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.