HS Icon Wood Charcoal

4402 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.46B, Rnk 826 / 1225

Top Exporter (2018): $309M, Indonesia

Top Importer (2018): $127M, Germany

Product Complexity (2018): -1.62, Rnk 957 / 1018

Export Growth (CAGR)(2017 - 2018): 25.9%, Rnk 218 / 1225

Mean Tariff (2018): 4.95%, Rnk 825 / 1259

Share of World Trade (2018): 0.0079%, Rnk 826 / 1225

Overview: In 2018, Wood Charcoal were the world's 826th most traded product, with a total trade of $1.46B. Between 2017 and 2018 the exports of Wood Charcoal grew by 25.9%, from  $1.16B to $1.46B. Trade in Wood Charcoal represent 0.0079% of total world trade.

Exports: In 2018 the top exporters of Wood Charcoal  were Indonesia ($309M), China ($130M), Poland ($119M), Nigeria ($88.4M), and Vietnam ($74.8M).

Imports: In 2018 the top importers of Wood Charcoal were Germany ($127M), Japan ($121M), South Korea ($108M), Saudi Arabia ($81.2M), and China ($79.4M).

Tariffs: In 2018 the average tariff for Wood Charcoal was 4.95%, been the 825 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Wood Charcoal are Zambia (36.3%), Bahamas (35.7%), Sudan (35%), Cameroon (29.4%), and Gabon (29.4%). The countries with the lowest tariffs are Ethiopia (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Wood Charcoal ranks 957th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Indonesia, $309M

Top Destination (2018): Germany, $127M

Wood Charcoal are the world's 826th most traded product.

In 2018, the top exporters of Wood Charcoal were Indonesia ($309M), China ($130M), Poland ($119M), Nigeria ($88.4M), and Vietnam ($74.8M).

In 2018, the top importers of Wood Charcoal were Germany ($127M), Japan ($121M), South Korea ($108M), Saudi Arabia ($81.2M), and China ($79.4M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Indonesia, $59M

Top Destination Growth (2017 - 2018): China, $33M

Between 2017 and 2018, the exports of Wood Charcoal grew the fastest in Indonesia ($59M), Nigeria ($37.8M), Vietnam ($31M), Philippines ($26.8M), and Poland ($21.6M).

Between 2017 and 2018, the fastest growing importers of Wood Charcoal were China ($33M), Saudi Arabia ($24.4M), United Arab Emirates ($23.7M), Germany ($20.3M), and Thailand ($15.9M).

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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 Charcoal.

In 2018,  market concentration measured using Shannon Entropy, was 4.61. This means that most of the exports of Wood Charcoal are explained by 24 countries.

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TOP NET EXPORTER (2018): Indonesia, $308M

TOP NET IMPORTER (2018): Japan, $117M

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

In 2018, the countries that had a largest trade value in exports than in imports of Wood Charcoal were Indonesia ($308M), Nigeria ($87.6M), Ukraine ($69M), Vietnam ($67.4M), and Poland ($67.2M).

In 2018, the countries that had a largest trade value in imports than in exports of Wood Charcoal were Japan ($117M), South Korea ($107M), Germany ($100M), Saudi Arabia ($80.8M), and France ($56.7M).

Trade Forecasts

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This section shows forecasts for total trade for Wood Charcoal. 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 Charcoal was 4.95%.  The countries with the highest tariffs for importing Wood Charcoal were Zambia (36.3%), Bahamas (35.7%), Sudan (35%), Cameroon (29.4%), and Gabon (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.