HS Icon Wood in chips, non-coniferous

440122 (Harmonized System 1992 for 6-digit)

World Trade (2018): $3.91B, Rnk 801 / 4726

Top Exporter (2018): $1.33B, Vietnam

Top Importer (2018): $1.75B, China

Product Complexity (2018): -0.96, Rnk 3958 / 4873

Export Growth (CAGR)(2017 - 2018): 10.8%, Rnk 2553 / 4726

Mean Tariff (2018): 4.36%, Rnk 4651 / 6538

Share of World Trade (2018): 0.021%, Rnk 801 / 4726

Overview:  This page contains the latest trade data of Wood in chips, non-coniferous. In 2018, Wood in chips, non-coniferous were the world's 801st most traded product, with a total trade of $3.91B. Between 2017 and 2018 the exports of Wood in chips, non-coniferous grew by 10.8%, from  $3.53B to $3.91B. Trade in Wood in chips, non-coniferous represent 0.021% of total world trade.

Exports: In 2018 the top exporters of Wood in chips, non-coniferous  were Vietnam ($1.33B), Australia ($1.05B), Chile ($397M), South Africa ($221M), and Thailand ($186M).

Imports: In 2018 the top importers of Wood in chips, non-coniferous were China ($1.75B), Japan ($1.56B), Portugal ($106M), Chinese Taipei ($62.6M), and South Korea ($57.9M).

Tariffs: In 2018 the average tariff for Wood in chips, non-coniferous was 4.36%, been the 4651 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Wood in chips, non-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, non-coniferous ranks 3958th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Vietnam, $1.33B

Top Destination (2018): China, $1.75B

Wood in chips, non-coniferous are the world's 801st most traded product.

In 2018, the top exporters of Wood in chips, non-coniferous were Vietnam ($1.33B), Australia ($1.05B), Chile ($397M), South Africa ($221M), and Thailand ($186M).

In 2018, the top importers of Wood in chips, non-coniferous were China ($1.75B), Japan ($1.56B), Portugal ($106M), Chinese Taipei ($62.6M), and South Korea ($57.9M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Vietnam, $263M

Top Destination Growth (2017 - 2018): China, $202M

Between 2017 and 2018, the exports of Wood in chips, non-coniferous grew the fastest in Vietnam ($263M), Australia ($83.3M), Fiji ($39.3M), Uruguay ($28.1M), and United States ($23.2M).

Between 2017 and 2018, the fastest growing importers of Wood in chips, non-coniferous were China ($202M), Indonesia ($37.4M), Denmark ($22M), Sweden ($16.6M), and Japan ($15.1M).

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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, non-coniferous.

In 2018,  market concentration measured using Shannon Entropy, was 3.05. This means that most of the exports of Wood in chips, non-coniferous are explained by 8 countries.

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TOP NET EXPORTER (2018): Vietnam, $1.33B

TOP NET IMPORTER (2018): China, $1.75B

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

In 2018, the countries that had a largest trade value in exports than in imports of Wood in chips, non-coniferous were Vietnam ($1.33B), Australia ($1.04B), Chile ($393M), South Africa ($220M), and Thailand ($184M).

In 2018, the countries that had a largest trade value in imports than in exports of Wood in chips, non-coniferous were China ($1.75B), Japan ($1.56B), Portugal ($104M), Chinese Taipei ($62.5M), and South Korea ($57.9M).

Trade Forecasts

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This section shows forecasts for total trade for Wood in chips, non-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, non-coniferous was 4.36%.  The countries with the highest tariffs for importing Wood in chips, non-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.