HS Icon Logs, non-coniferous nes

440399 (Harmonized System 1992 for 6-digit)

World Trade (2018): $3.2B, Rnk 944 / 4726

Top Exporter (2018): $524M, Russia

Top Importer (2018): $1.59B, China

Product Complexity (2018): -2.14, Rnk 4793 / 4873

Export Growth (CAGR)(2017 - 2018): 17.4%, Rnk 1609 / 4726

Mean Tariff (2018): 3.55%, Rnk 5378 / 6538

Share of World Trade (2018): 0.017%, Rnk 944 / 4726

Overview:  This page contains the latest trade data of Logs, non-coniferous nes. In 2018, Logs, non-coniferous nes were the world's 944th most traded product, with a total trade of $3.2B. Between 2017 and 2018 the exports of Logs, non-coniferous nes grew by 17.4%, from  $2.73B to $3.2B. Trade in Logs, non-coniferous nes represent 0.017% of total world trade.

Exports: In 2018 the top exporters of Logs, non-coniferous nes  were Russia ($524M), United States ($472M), Papua New Guinea ($293M), Latvia ($226M), and Solomon Islands ($187M).

Imports: In 2018 the top importers of Logs, non-coniferous nes were China ($1.59B), Finland ($282M), Sweden ($211M), India ($185M), and Vietnam ($134M).

Tariffs: In 2018 the average tariff for Logs, non-coniferous nes was 3.55%, been the 5378 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Logs, non-coniferous nes 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: Logs, non-coniferous nes ranks 4793rd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Russia, $524M

Top Destination (2018): China, $1.59B

Logs, non-coniferous nes are the world's 944th most traded product.

In 2018, the top exporters of Logs, non-coniferous nes were Russia ($524M), United States ($472M), Papua New Guinea ($293M), Latvia ($226M), and Solomon Islands ($187M).

In 2018, the top importers of Logs, non-coniferous nes were China ($1.59B), Finland ($282M), Sweden ($211M), India ($185M), and Vietnam ($134M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Latvia, $141M

Top Destination Growth (2017 - 2018): Sweden, $143M

Between 2017 and 2018, the exports of Logs, non-coniferous nes grew the fastest in Latvia ($141M), Papua New Guinea ($87.1M), Russia ($84M), Estonia ($70.4M), and United States ($59.7M).

Between 2017 and 2018, the fastest growing importers of Logs, non-coniferous nes were Sweden ($143M), China ($119M), Finland ($111M), Vietnam ($38.4M), and Chinese Taipei ($35.2M).

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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 Logs, non-coniferous nes.

In 2018,  market concentration measured using Shannon Entropy, was 4.53. This means that most of the exports of Logs, non-coniferous nes are explained by 23 countries.

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TOP NET EXPORTER (2018): Russia, $524M

TOP NET IMPORTER (2018): China, $1.58B

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

In 2018, the countries that had a largest trade value in exports than in imports of Logs, non-coniferous nes were Russia ($524M), United States ($441M), Papua New Guinea ($293M), Latvia ($203M), and Solomon Islands ($187M).

In 2018, the countries that had a largest trade value in imports than in exports of Logs, non-coniferous nes were China ($1.58B), Finland ($267M), Sweden ($200M), India ($132M), and Vietnam ($105M).

Trade Forecasts

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This section shows forecasts for total trade for Logs, non-coniferous nes. 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 Logs, non-coniferous nes was 3.55%.  The countries with the highest tariffs for importing Logs, non-coniferous nes 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.