HS Icon Wood Crates

4415 (Harmonized System 1992 for 4-digit)

World Trade (2018): $3.9B, Rnk 572 / 1225

Top Exporter (2018): $628M, Poland

Top Importer (2018): $842M, Germany

Product Complexity (2018): 0.15, Rnk 485 / 1018

Export Growth (CAGR)(2017 - 2018): 25.3%, Rnk 227 / 1225

Mean Tariff (2018): 11.8%, Rnk 323 / 1259

Share of World Trade (2018): 0.021%, Rnk 572 / 1225

Overview: In 2018, Wood Crates were the world's 572nd most traded product, with a total trade of $3.9B. Between 2017 and 2018 the exports of Wood Crates grew by 25.3%, from  $3.11B to $3.9B. Trade in Wood Crates represent 0.021% of total world trade.

Exports: In 2018 the top exporters of Wood Crates  were Poland ($628M), Germany ($412M), Czechia ($253M), Netherlands ($218M), and Belgium-Luxembourg ($203M).

Imports: In 2018 the top importers of Wood Crates were Germany ($842M), France ($305M), Netherlands ($262M), Belgium-Luxembourg ($260M), and United States ($234M).

Tariffs: In 2018 the average tariff for Wood Crates was 11.8%, been the 323 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Wood Crates are Iran (45%), Bahamas (41.6%), Syria (36.8%), Zimbabwe (36.5%), and Zambia (36.3%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Taiwan (0%), and Switzerland (0%).

Ranking: Wood Crates ranks 485th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Poland, $628M

Top Destination (2018): Germany, $842M

Wood Crates are the world's 572nd most traded product.

In 2018, the top exporters of Wood Crates were Poland ($628M), Germany ($412M), Czechia ($253M), Netherlands ($218M), and Belgium-Luxembourg ($203M).

In 2018, the top importers of Wood Crates were Germany ($842M), France ($305M), Netherlands ($262M), Belgium-Luxembourg ($260M), and United States ($234M).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Poland, $206M

Top Destination Growth (2017 - 2018): Germany, $236M

Between 2017 and 2018, the exports of Wood Crates grew the fastest in Poland ($206M), Czechia ($56.6M), Germany ($42.9M), Latvia ($34.7M), and Lithuania ($34.7M).

Between 2017 and 2018, the fastest growing importers of Wood Crates were Germany ($236M), United States ($73.9M), France ($53.8M), Belgium-Luxembourg ($48.8M), and Netherlands ($40.3M).

Market Concentration

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Cumulative market share

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

In 2018,  market concentration measured using Shannon Entropy, was 4.91. This means that most of the exports of Wood Crates are explained by 30 countries.

TOP NET EXPORTER (2018): Poland, $553M

TOP NET IMPORTER (2018): Germany, $431M

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

In 2018, the countries that had a largest trade value in exports than imports of Wood Crates were Poland ($553M), Czechia ($168M), Latvia ($111M), Lithuania ($99.8M), and Malaysia ($74.7M).

In 2018, the countries that had a largest trade value in imports than exports of Wood Crates were Germany ($431M), France ($176M), United States ($91.5M), Switzerland ($86.2M), and Austria ($80.2M).

Trade Forecasts

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This section shows forecasts for total trade for Wood Crates. 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 Crates was 11.8%.  The countries with the highest tariffs for importing Wood Crates were Iran (45%), Bahamas (41.6%), Syria (36.8%), Zimbabwe (36.5%), and Zambia (36.3%).

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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.