HS Icon Shaped Wood

4409 (Harmonized System 1992 for 4-digit)

World Trade (2018): $5.1B, Rnk 495 / 1225

Top Exporter (2018): $740M, Indonesia

Top Importer (2018): $1.22B, United States

Product Complexity (2018): -1, Rnk 818 / 1018

Export Growth (CAGR)(2017 - 2018): 9.94%, Rnk 778 / 1225

Mean Tariff (2018): 8.74%, Rnk 493 / 1259

Share of World Trade (2018): 0.028%, Rnk 495 / 1225

Overview: In 2018, Shaped Wood were the world's 495th most traded product, with a total trade of $5.1B. Between 2017 and 2018 the exports of Shaped Wood grew by 9.94%, from  $4.64B to $5.1B. Trade in Shaped Wood represent 0.028% of total world trade.

Exports: In 2018 the top exporters of Shaped Wood  were Indonesia ($740M), China ($568M), Brazil ($502M), Germany ($277M), and Poland ($272M).

Imports: In 2018 the top importers of Shaped Wood were United States ($1.22B), Germany ($349M), Australia ($328M), China ($298M), and France ($285M).

Tariffs: In 2018 the average tariff for Shaped Wood was 8.74%, been the 493 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Shaped Wood are Belize (49%), Zambia (36.3%), Sudan (35%), Laos (31.8%), and Angola (30%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Lebanon (0%), Sri Lanka (0%), and Singapore (0%).

Ranking: Shaped Wood ranks 818th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Indonesia, $740M

Top Destination (2018): United States, $1.22B

Shaped Wood are the world's 495th most traded product.

In 2018, the top exporters of Shaped Wood were Indonesia ($740M), China ($568M), Brazil ($502M), Germany ($277M), and Poland ($272M).

In 2018, the top importers of Shaped Wood were United States ($1.22B), Germany ($349M), Australia ($328M), China ($298M), and France ($285M).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Indonesia, $165M

Top Destination Growth (2017 - 2018): China, $124M

Between 2017 and 2018, the exports of Shaped Wood grew the fastest in Indonesia ($165M), Poland ($96.6M), Malaysia ($54.7M), Croatia ($37.1M), and Italy ($36.1M).

Between 2017 and 2018, the fastest growing importers of Shaped Wood were China ($124M), Netherlands ($82.7M), Germany ($70.1M), France ($46.7M), and Chinese Taipei ($27.8M).

Market Concentration

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Cumulative market share

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

In 2018,  market concentration measured using Shannon Entropy, was 4.74. This means that most of the exports of Shaped Wood are explained by 26 countries.

TOP NET EXPORTER (2018): Indonesia, $739M

TOP NET IMPORTER (2018): United States, $1.02B

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

In 2018, the countries that had a largest trade value in exports than imports of Shaped Wood were Indonesia ($739M), Brazil ($502M), China ($270M), Chile ($251M), and Poland ($195M).

In 2018, the countries that had a largest trade value in imports than exports of Shaped Wood were United States ($1.02B), Australia ($325M), France ($234M), Japan ($197M), and United Kingdom ($161M).

Trade Forecasts

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This section shows forecasts for total trade for Shaped 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 Shaped Wood was 8.74%.  The countries with the highest tariffs for importing Shaped Wood were Belize (49%), Zambia (36.3%), Sudan (35%), Laos (31.8%), and Angola (30%).

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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.