HS Icon Agglomerated Cork

4504 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Agglomerated Cork. In 2019, Agglomerated Cork were the world's 920th most traded product, with a total trade of $920M. Between 2018 and 2019 the exports of Agglomerated Cork decreased by -2.03%, from $939M to $920M. Trade in Agglomerated Cork represent 0.0051% of total world trade.

Exports In 2019 the top exporters of Agglomerated Cork  were Portugal ($534M), Spain ($157M), France ($74.2M), China ($38.3M), and Germany ($24.4M).

Imports In 2019 the top importers of Agglomerated Cork were France ($179M), United States ($119M), Italy ($104M), Germany ($79.5M), and Spain ($66.4M).

Tariffs In 2018 the average tariff for Agglomerated Cork was 5.21%, making it the 792nd 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 679th in the Product Complexity Index (PCI).

Description Agglomerated cork is often used in the production of tiles, linoleum, and rubber. It is also used in the production of corkboard, which is a type of bulletin board.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Portugal, $534M

Top Destination (2019): France, $179M

Agglomerated Cork are the world's 920th most traded product.

In 2019, the top exporters of Agglomerated Cork were Portugal ($534M), Spain ($157M), France ($74.2M), China ($38.3M), and Germany ($24.4M).

In 2019, the top importers of Agglomerated Cork were France ($179M), United States ($119M), Italy ($104M), Germany ($79.5M), and Spain ($66.4M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Spain, $45M

Top Destination Growth (2018 - 2019): France, $29.1M

Between 2018 and 2019, the exports of Agglomerated Cork grew the fastest in Spain ($45M), France ($2.39M), Poland ($1.24M), Belgium ($885k), and Malaysia ($630k).

Between 2018 and 2019, the fastest growing importers of Agglomerated Cork were France ($29.1M), Chile ($8.07M), Spain ($7.55M), Portugal ($5.77M), and Russia ($3.94M).

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Market Concentration

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Cumulative market share

Value

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

In 2019,  market concentration measured using Shannon Entropy, was 2.3. This means that most of the exports of Agglomerated Cork are explained by 4 countries.

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TOP NET EXPORTER (2019): Portugal, $519M

TOP NET IMPORTER (2019): United States, $111M

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Agglomerated Cork were Portugal ($519M), Spain ($90.8M), China ($13.3M), Algeria ($844k), and United Arab Emirates ($777k).

In 2019, the countries that had a largest trade value in imports than in exports of Agglomerated Cork were United States ($111M), France ($105M), Italy ($83.2M), Germany ($55.1M), and Russia ($45.4M).

Disaggregation

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Value

In 2019, the world most traded Agglomerated Cork, disaggragated by their HS6 level were Blocks, sheets, strip and tiles of... ($812M) and Articles of agglomerated cork ($108M)

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%).

Product Complexity

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Diversification Frontier

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Specialization

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.

Country by Relatedness

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The following visualization shows the relatedness of Agglomerated Cork to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.