HS Icon Wood Stakes

4404 (Harmonized System 1992 for 4-digit)

World Trade (2018): $293M, Rnk 1104 / 1225

Top Exporter (2018): $38.6M, Poland

Top Importer (2018): $30.5M, Romania

Export Growth (CAGR)(2017 - 2018): 10.2%, Rnk 768 / 1225

Mean Tariff (2018): 5.87%, Rnk 718 / 1259

Share of World Trade (2018): 0.0016%, Rnk 1104 / 1225

Overview: In 2018, Wood Stakes were the world's 1104th most traded product, with a total trade of $293M. Between 2017 and 2018 the exports of Wood Stakes grew by 10.2%, from  $266M to $293M. Trade in Wood Stakes represent 0.0016% of total world trade.

Exports: In 2018 the top exporters of Wood Stakes  were Poland ($38.6M), Slovakia ($30M), Latvia ($27.3M), France ($13M), and Germany ($12.7M).

Imports: In 2018 the top importers of Wood Stakes were Romania ($30.5M), United Kingdom ($25.8M), France ($24.8M), Germany ($23.6M), and United States ($19.5M).

Tariffs: In 2018 the average tariff for Wood Stakes was 5.87%, been the 718 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Wood Stakes are Belize (60.6%), Zambia (36.3%), Sudan (35%), Angola (30%), and Cameroon (29.4%). The countries with the lowest tariffs are Kenya (0%), Mauritius (0%), Rwanda (0%), Tanzania (0%), and Uganda (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): Poland, $38.6M

Top Destination (2018): Romania, $30.5M

Wood Stakes are the world's 1104th most traded product.

In 2018, the top exporters of Wood Stakes were Poland ($38.6M), Slovakia ($30M), Latvia ($27.3M), France ($13M), and Germany ($12.7M).

In 2018, the top importers of Wood Stakes were Romania ($30.5M), United Kingdom ($25.8M), France ($24.8M), Germany ($23.6M), and United States ($19.5M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Latvia, $11.3M

Top Destination Growth (2017 - 2018): United States, $13.5M

Between 2017 and 2018, the exports of Wood Stakes grew the fastest in Latvia ($11.3M), Poland ($9.69M), Canada ($6.96M), France ($3.58M), and United Kingdom ($3.21M).

Between 2017 and 2018, the fastest growing importers of Wood Stakes were United States ($13.5M), Germany ($12.8M), Belgium-Luxembourg ($10M), United Kingdom ($8.74M), and Slovakia ($4.81M).

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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 Stakes.

In 2018,  market concentration measured using Shannon Entropy, was 4.84. This means that most of the exports of Wood Stakes are explained by 28 countries.

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TOP NET EXPORTER (2018): Poland, $31.2M

TOP NET IMPORTER (2018): Romania, $25M

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

In 2018, the countries that had a largest trade value in exports than in imports of Wood Stakes were Poland ($31.2M), Slovakia ($22M), Latvia ($20.8M), Lithuania ($11.6M), and Hungary ($10.6M).

In 2018, the countries that had a largest trade value in imports than in exports of Wood Stakes were Romania ($25M), United Kingdom ($17.3M), United States ($16.6M), France ($11.7M), and Belgium-Luxembourg ($11M).

Trade Forecasts

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This section shows forecasts for total trade for Wood Stakes. 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 Stakes was 5.87%.  The countries with the highest tariffs for importing Wood Stakes were Belize (60.6%), Zambia (36.3%), Sudan (35%), Angola (30%), and Cameroon (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.