HS Icon Other Wood Articles

4421 (Harmonized System 1992 for 4-digit)

World Trade (2018): $6.73B, Rnk 431 / 1225

Top Exporter (2018): $2.68B, China

Top Importer (2018): $1.64B, United States

Product Complexity (2018): -0.47, Rnk 690 / 1018

Export Growth (CAGR)(2017 - 2018): 9.31%, Rnk 807 / 1225

Mean Tariff (2018): 11.7%, Rnk 327 / 1259

Share of World Trade (2018): 0.037%, Rnk 431 / 1225

Overview:  This page contains the latest trade data of Other Wood Articles. In 2018, Other Wood Articles were the world's 431st most traded product, with a total trade of $6.73B. Between 2017 and 2018 the exports of Other Wood Articles grew by 9.31%, from  $6.16B to $6.73B. Trade in Other Wood Articles represent 0.037% of total world trade.

Exports: In 2018 the top exporters of Other Wood Articles  were China ($2.68B), Poland ($575M), Germany ($449M), Indonesia ($445M), and Canada ($365M).

Imports: In 2018 the top importers of Other Wood Articles were United States ($1.64B), Germany ($704M), Japan ($467M), France ($419M), and China ($397M).

Tariffs: In 2018 the average tariff for Other Wood Articles was 11.7%, been the 327 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Wood Articles are Zambia (36.3%), Iran (34.7%), Angola (30%), Cameroon (29.4%), and Gabon (29.4%). The countries with the lowest tariffs are Mauritius (0%), China (0%), Hong Kong (0%), Singapore (0%), and Taiwan (0%).

Ranking: Other Wood Articles ranks 690th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): China, $2.68B

Top Destination (2018): United States, $1.64B

Other Wood Articles are the world's 431st most traded product.

In 2018, the top exporters of Other Wood Articles were China ($2.68B), Poland ($575M), Germany ($449M), Indonesia ($445M), and Canada ($365M).

In 2018, the top importers of Other Wood Articles were United States ($1.64B), Germany ($704M), Japan ($467M), France ($419M), and China ($397M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): China, $263M

Top Destination Growth (2017 - 2018): United States, $197M

Between 2017 and 2018, the exports of Other Wood Articles grew the fastest in China ($263M), Poland ($159M), Germany ($116M), Austria ($58M), and India ($53.6M).

Between 2017 and 2018, the fastest growing importers of Other Wood Articles were United States ($197M), Netherlands ($82.1M), Italy ($69.8M), Germany ($63.7M), and France ($50.2M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Other Wood Articles.

In 2018,  market concentration measured using Shannon Entropy, was 3.83. This means that most of the exports of Other Wood Articles are explained by 14 countries.

Explore Visualizations

TOP NET EXPORTER (2018): China, $2.29B

TOP NET IMPORTER (2018): United States, $1.57B

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

In 2018, the countries that had a largest trade value in exports than in imports of Other Wood Articles were China ($2.29B), Poland ($481M), Indonesia ($412M), Canada ($277M), and Romania ($109M).

In 2018, the countries that had a largest trade value in imports than in exports of Other Wood Articles were United States ($1.57B), Japan ($454M), France ($334M), United Kingdom ($256M), and Germany ($255M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Other Wood Articles. 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 Other Wood Articles was 11.7%.  The countries with the highest tariffs for importing Other Wood Articles were Zambia (36.3%), Iran (34.7%), 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.