HS Icon Rough Wood

4403 (Harmonized System 1992 for 4-digit)

World Trade (2018): $15.7B, Rnk 233 / 1225

Top Exporter (2018): $2.49B, New Zealand

Top Importer (2018): $8.82B, China

Product Complexity (2018): -1.52, Rnk 941 / 1018

Export Growth (CAGR)(2017 - 2018): 8.66%, Rnk 836 / 1225

Mean Tariff (2018): 3.79%, Rnk 1040 / 1259

Share of World Trade (2018): 0.086%, Rnk 233 / 1225

Overview: In 2018, Rough Wood were the world's 233rd most traded product, with a total trade of $15.7B. Between 2017 and 2018 the exports of Rough Wood grew by 8.66%, from  $14.5B to $15.7B. Trade in Rough Wood represent 0.086% of total world trade.

Exports: In 2018 the top exporters of Rough Wood  were New Zealand ($2.49B), Russia ($1.48B), United States ($1.2B), Papua New Guinea ($827M), and Canada ($681M).

Imports: In 2018 the top importers of Rough Wood were China ($8.82B), Austria ($763M), Sweden ($672M), Germany ($653M), and India ($546M).

Tariffs: In 2018 the average tariff for Rough Wood was 3.79%, been the 1040 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Rough Wood are Belize (38.3%), Zambia (36.3%), 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: Rough Wood ranks 941st in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): New Zealand, $2.49B

Top Destination (2018): China, $8.82B

Rough Wood are the world's 233rd most traded product.

In 2018, the top exporters of Rough Wood were New Zealand ($2.49B), Russia ($1.48B), United States ($1.2B), Papua New Guinea ($827M), and Canada ($681M).

In 2018, the top importers of Rough Wood were China ($8.82B), Austria ($763M), Sweden ($672M), Germany ($653M), and India ($546M).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): New Zealand, $492M

Top Destination Growth (2017 - 2018): Sweden, $318M

Between 2017 and 2018, the exports of Rough Wood grew the fastest in New Zealand ($492M), Papua New Guinea ($268M), Latvia ($186M), Poland ($177M), and Solomon Islands ($134M).

Between 2017 and 2018, the fastest growing importers of Rough Wood were Sweden ($318M), China ($185M), Finland ($185M), United States ($128M), and India ($112M).

Market Concentration

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Cumulative market share

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

In 2018,  market concentration measured using Shannon Entropy, was 5.01. This means that most of the exports of Rough Wood are explained by 32 countries.

TOP NET EXPORTER (2018): New Zealand, $2.49B

TOP NET IMPORTER (2018): China, $8.79B

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

In 2018, the countries that had a largest trade value in exports than imports of Rough Wood were New Zealand ($2.49B), Russia ($1.48B), United States ($1.07B), Papua New Guinea ($827M), and Canada ($676M).

In 2018, the countries that had a largest trade value in imports than exports of Rough Wood were China ($8.79B), Austria ($654M), Sweden ($539M), India ($487M), and South Korea ($419M).

Trade Forecasts

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This section shows forecasts for total trade for Rough 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 Rough Wood was 3.79%.  The countries with the highest tariffs for importing Rough Wood were Belize (38.3%), Zambia (36.3%), 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.