HS Icon Wood Carpentry

4418 (Harmonized System 1992 for 4-digit)

World Trade (2018): $14.9B, Rnk 246 / 1225

Top Exporter (2018): $1.6B, China

Top Importer (2018): $2.44B, United States

Product Complexity (2018): 0.057, Rnk 521 / 1018

Export Growth (CAGR)(2017 - 2018): 6.21%, Rnk 928 / 1225

Mean Tariff (2018): 13.1%, Rnk 266 / 1259

Share of World Trade (2018): 0.081%, Rnk 246 / 1225

Overview: In 2018, Wood Carpentry were the world's 246th most traded product, with a total trade of $14.9B. Between 2017 and 2018 the exports of Wood Carpentry grew by 6.21%, from  $14.1B to $14.9B. Trade in Wood Carpentry represent 0.081% of total world trade.

Exports: In 2018 the top exporters of Wood Carpentry  were China ($1.6B), Austria ($1.42B), Poland ($1.41B), Germany ($1.38B), and Canada ($1.19B).

Imports: In 2018 the top importers of Wood Carpentry were United States ($2.44B), Germany ($1.48B), Japan ($1.41B), United Kingdom ($1B), and Switzerland ($760M).

Tariffs: In 2018 the average tariff for Wood Carpentry was 13.1%, been the 266 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Wood Carpentry are Iran (49.3%), Syria (49%), Cape Verde (40%), Zambia (36.3%), and Sudan (35%). The countries with the lowest tariffs are Hong Kong (0%), Singapore (0%), Taiwan (0%), Switzerland (0%), and Norway (0%).

Ranking: Wood Carpentry ranks 521st in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): China, $1.6B

Top Destination (2018): United States, $2.44B

Wood Carpentry are the world's 246th most traded product.

In 2018, the top exporters of Wood Carpentry were China ($1.6B), Austria ($1.42B), Poland ($1.41B), Germany ($1.38B), and Canada ($1.19B).

In 2018, the top importers of Wood Carpentry were United States ($2.44B), Germany ($1.48B), Japan ($1.41B), United Kingdom ($1B), and Switzerland ($760M).

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): Poland, $246M

Top Destination Growth (2017 - 2018): Germany, $232M

Between 2017 and 2018, the exports of Wood Carpentry grew the fastest in Poland ($246M), Austria ($199M), Brazil ($78M), Netherlands ($76.3M), and Germany ($73.4M).

Between 2017 and 2018, the fastest growing importers of Wood Carpentry were Germany ($232M), France ($125M), United States ($87.8M), Ireland ($76.5M), and Poland ($61.4M).

Market Concentration

#permalink to section

Cumulative market share

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

In 2018,  market concentration measured using Shannon Entropy, was 4.82. This means that most of the exports of Wood Carpentry are explained by 28 countries.

TOP NET EXPORTER (2018): China, $1.47B

TOP NET IMPORTER (2018): United States, $2.2B

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

In 2018, the countries that had a largest trade value in exports than imports of Wood Carpentry were China ($1.47B), Poland ($1.22B), Austria ($1.05B), Canada ($982M), and Philippines ($734M).

In 2018, the countries that had a largest trade value in imports than exports of Wood Carpentry were United States ($2.2B), Japan ($1.39B), United Kingdom ($904M), Switzerland ($702M), and France ($568M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Wood Carpentry. 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 Wood Carpentry was 13.1%.  The countries with the highest tariffs for importing Wood Carpentry were Iran (49.3%), Syria (49%), Cape Verde (40%), Zambia (36.3%), and Sudan (35%).

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.