HS Icon Lumber, Oak (Quercus spp)

440791 (Harmonized System 1992 for 6-digit)

World Trade (2018): $2.52B, Rnk 1135 / 4726

Top Exporter (2018): $1.09B, United States

Top Importer (2018): $765M, China

Product Complexity (2018): 0.59, Rnk 1509 / 4873

Export Growth (CAGR)(2017 - 2018): 4.29%, Rnk 3413 / 4726

Mean Tariff (2018): 4.59%, Rnk 4455 / 6538

Share of World Trade (2018): 0.014%, Rnk 1135 / 4726

Overview:  This page contains the latest trade data of Lumber, Oak (Quercus spp). In 2018, Lumber, Oak (Quercus spp) were the world's 1135th most traded product, with a total trade of $2.52B. Between 2017 and 2018 the exports of Lumber, Oak (Quercus spp) grew by 4.29%, from  $2.42B to $2.52B. Trade in Lumber, Oak (Quercus spp) represent 0.014% of total world trade.

Exports: In 2018 the top exporters of Lumber, Oak (Quercus spp)  were United States ($1.09B), Croatia ($186M), France ($180M), Germany ($115M), and Poland ($104M).

Imports: In 2018 the top importers of Lumber, Oak (Quercus spp) were China ($765M), United Kingdom ($173M), Germany ($150M), Italy ($139M), and Vietnam ($127M).

Tariffs: In 2018 the average tariff for Lumber, Oak (Quercus spp) was 4.59%, been the 4455 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Lumber, Oak (Quercus spp) are Zambia (36.3%), Sudan (35%), Angola (30%), Cameroon (29.4%), and Gabon (29.4%). The countries with the lowest tariffs are Egypt (0%), Ethiopia (0%), Mauritius (0%), South Africa (0%), and China (0%).

Ranking: Lumber, Oak (Quercus spp) ranks 1509th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): United States, $1.09B

Top Destination (2018): China, $765M

Lumber, Oak (Quercus spp) are the world's 1135th most traded product.

In 2018, the top exporters of Lumber, Oak (Quercus spp) were United States ($1.09B), Croatia ($186M), France ($180M), Germany ($115M), and Poland ($104M).

In 2018, the top importers of Lumber, Oak (Quercus spp) were China ($765M), United Kingdom ($173M), Germany ($150M), Italy ($139M), and Vietnam ($127M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): Croatia, $56M

Top Destination Growth (2017 - 2018): Saudi Arabia, $41.6M

Between 2017 and 2018, the exports of Lumber, Oak (Quercus spp) grew the fastest in Croatia ($56M), Austria ($28M), Poland ($19.6M), Sweden ($18.2M), and Slovenia ($12.7M).

Between 2017 and 2018, the fastest growing importers of Lumber, Oak (Quercus spp) were Saudi Arabia ($41.6M), Vietnam ($41.1M), Germany ($37M), Italy ($21.5M), and France ($17.5M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Lumber, Oak (Quercus spp).

In 2018,  market concentration measured using Shannon Entropy, was 3.44. This means that most of the exports of Lumber, Oak (Quercus spp) are explained by 10 countries.

Explore Visualizations

TOP NET EXPORTER (2018): United States, $1.07B

TOP NET IMPORTER (2018): China, $751M

This map shows which countries export or import more of Lumber, Oak (Quercus spp). Each country is colored based on the difference in exports and imports of Lumber, Oak (Quercus spp) during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Lumber, Oak (Quercus spp) were United States ($1.07B), Croatia ($150M), France ($115M), Ukraine ($96.6M), and Canada ($66.4M).

In 2018, the countries that had a largest trade value in imports than in exports of Lumber, Oak (Quercus spp) were China ($751M), United Kingdom ($167M), Vietnam ($123M), Spain ($48.2M), and Saudi Arabia ($45.9M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Lumber, Oak (Quercus spp). The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Lumber, Oak (Quercus spp) was 4.59%.  The countries with the highest tariffs for importing Lumber, Oak (Quercus spp) were Zambia (36.3%), Sudan (35%), Angola (30%), Cameroon (29.4%), and Gabon (29.4%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.