HS Icon Agglomerated Cork

4504 (Harmonized System 1992 for 4-digit)

World Trade (2018): $924M, Rnk 928 / 1225

Top Exporter (2018): $586M, Portugal

Top Importer (2018): $138M, France

Product Complexity (2018): -0.72, Rnk 754 / 1018

Export Growth (CAGR)(2017 - 2018): 18.4%, Rnk 377 / 1225

Mean Tariff (2018): 5.21%, Rnk 792 / 1259

Share of World Trade (2018): 0.005%, Rnk 928 / 1225

Overview: In 2018, Agglomerated Cork were the world's 928th most traded product, with a total trade of $924M. Between 2017 and 2018 the exports of Agglomerated Cork grew by 18.4%, from  $780M to $924M. Trade in Agglomerated Cork represent 0.005% of total world trade.

Exports: In 2018 the top exporters of Agglomerated Cork  were Portugal ($586M), Spain ($99.8M), France ($71.9M), China ($37.4M), and Germany ($24.5M).

Imports: In 2018 the top importers of Agglomerated Cork were France ($138M), United States ($128M), Italy ($114M), Germany ($90.4M), and Spain ($59.4M).

Tariffs: In 2018 the average tariff for Agglomerated Cork was 5.21%, been the 792 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Agglomerated Cork are Bahamas (40.2%), Zambia (36.3%), Algeria (26.6%), Bermuda (25%), and Sudan (21.9%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Japan (0%), and Singapore (0%).

Ranking: Agglomerated Cork ranks 754th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Portugal, $586M

Top Destination (2018): France, $138M

Agglomerated Cork are the world's 928th most traded product.

In 2018, the top exporters of Agglomerated Cork were Portugal ($586M), Spain ($99.8M), France ($71.9M), China ($37.4M), and Germany ($24.5M).

In 2018, the top importers of Agglomerated Cork were France ($138M), United States ($128M), Italy ($114M), Germany ($90.4M), and Spain ($59.4M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Portugal, $133M

Top Destination Growth (2017 - 2018): Spain, $27.6M

Between 2017 and 2018, the exports of Agglomerated Cork grew the fastest in Portugal ($133M), France ($13.4M), Chile ($8.21M), United Arab Emirates ($3.57M), and Germany ($3.11M).

Between 2017 and 2018, the fastest growing importers of Agglomerated Cork were Spain ($27.6M), United States ($26.4M), Italy ($10.5M), Argentina ($10.1M), and Belgium-Luxembourg ($9.25M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Agglomerated Cork.

In 2018,  market concentration measured using Shannon Entropy, was 2.26. This means that most of the exports of Agglomerated Cork are explained by 4 countries.

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TOP NET EXPORTER (2018): Portugal, $576M

TOP NET IMPORTER (2018): United States, $122M

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

In 2018, the countries that had a largest trade value in exports than in imports of Agglomerated Cork were Portugal ($576M), Spain ($40.4M), Chile ($3.07M), United Arab Emirates ($2.72M), and China ($2.38M).

In 2018, the countries that had a largest trade value in imports than in exports of Agglomerated Cork were United States ($122M), Italy ($93.2M), France ($65.9M), Germany ($65.9M), and Russia ($42M).

Trade Forecasts

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This section shows forecasts for total trade for Agglomerated Cork. 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 Agglomerated Cork was 5.21%.  The countries with the highest tariffs for importing Agglomerated Cork were Bahamas (40.2%), Zambia (36.3%), Algeria (26.6%), Bermuda (25%), and Sudan (21.9%).

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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.