HS Icon Logs, non-coniferous nes

440399 (Harmonized System 1992 for 6-digit)

World Trade (2019): $3.01B, Rnk 984 / 4648

Top Exporter (2019): $441M, United States

Top Importer (2019): $1.09B, China

Product Complexity (2019): -1.79, Rnk 4616 / 4826

Export Growth (CAGR)(2018 - 2019): -18.7%, Rnk 4145 / 4648

Mean Tariff (2018): 3.55%, Rnk 5378 / 6538

Share of World Trade (2019): 0.017%, Rnk 984 / 4648

Overview:  This page contains the latest trade data of Logs, non-coniferous nes. In 2019, Logs, non-coniferous nes were the world's 984th most traded product, with a total trade of $3.01B. Between 2018 and 2019 the exports of Logs, non-coniferous nes decreased by -18.7%, from  $3.71B to $3.01B. Trade in Logs, non-coniferous nes represent 0.017% of total world trade.

Exports: In 2019 the top exporters of Logs, non-coniferous nes  were United States ($441M), Russia ($407M), Papua New Guinea ($197M), Latvia ($170M), and Solomon Islands ($150M).

Imports: In 2019 the top importers of Logs, non-coniferous nes were China ($1.09B), Vietnam ($353M), India ($293M), Finland ($234M), and Sweden ($182M).

Tariffs: In 2018 the average tariff for Logs, non-coniferous nes was 3.55%, making it the 5378th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Logs, non-coniferous nes are Belize (38.3%), Zambia (36.3%), Sudan (35%), Cameroon (29.4%), and Gabon (29.4%). The countries with the lowest tariffs are Ethiopia (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Logs, non-coniferous nes ranks 4616th in the Product Complexity Index (PCI).

Description: Logs are used for building bridges, houses, and furniture. Trees are cut down and the logs are transported to sawmills where they are cut into boards.

Exporters and Importers

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Trade By Country

Top Origin (2019): United States, $441M

Top Destination (2019): China, $1.09B

Logs, non-coniferous nes are the world's 984th most traded product.

In 2019, the top exporters of Logs, non-coniferous nes were United States ($441M), Russia ($407M), Papua New Guinea ($197M), Latvia ($170M), and Solomon Islands ($150M).

In 2019, the top importers of Logs, non-coniferous nes were China ($1.09B), Vietnam ($353M), India ($293M), Finland ($234M), and Sweden ($182M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Belgium, $41.2M

Top Destination Growth (2018 - 2019): Egypt, $29M

Between 2018 and 2019, the exports of Logs, non-coniferous nes grew the fastest in Belgium ($41.2M), Mozambique ($35.6M), Brazil ($24.9M), Finland ($21.4M), and Singapore ($13.2M).

Between 2018 and 2019, the fastest growing importers of Logs, non-coniferous nes were Egypt ($29M), Hong Kong ($19.7M), Portugal ($6.95M), Italy ($5.37M), and Netherlands ($3.69M).

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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 Logs, non-coniferous nes.

In 2019,  market concentration measured using Shannon Entropy, was 4.81. This means that most of the exports of Logs, non-coniferous nes are explained by 27 countries.

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TOP NET EXPORTER (2019): United States, $410M

TOP NET IMPORTER (2019): China, $1.08B

This map shows which countries export or import more of Logs, non-coniferous nes. Each country is colored based on the difference in exports and imports of Logs, non-coniferous nes during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Logs, non-coniferous nes were United States ($410M), Russia ($407M), Papua New Guinea ($197M), Latvia ($157M), and Solomon Islands ($150M).

In 2019, the countries that had a largest trade value in imports than in exports of Logs, non-coniferous nes were China ($1.08B), Vietnam ($351M), India ($233M), Finland ($193M), and Sweden ($177M).

Import Tariffs

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In 2018, the average tariff for importing Logs, non-coniferous nes was 3.55%.  The countries with the highest tariffs for importing Logs, non-coniferous nes were Belize (38.3%), Zambia (36.3%), Sudan (35%), Cameroon (29.4%), and Gabon (29.4%).

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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.