HS Icon Lumber, Oak (Quercus spp)

440791 (Harmonized System 1992 for 6-digit)

Overview:  This page contains the latest trade data of Lumber, Oak (Quercus spp). In 2019, Lumber, Oak (Quercus spp) were the world's 1233rd most traded product, with a total trade of $2.18B. Between 2018 and 2019 the exports of Lumber, Oak (Quercus spp) decreased by -16.5%, from $2.61B to $2.18B. Trade in Lumber, Oak (Quercus spp) represent 0.012% of total world trade.

Exports: In 2019 the top exporters of Lumber, Oak (Quercus spp)  were United States ($854M), Croatia ($157M), France ($148M), Ukraine ($119M), and Germany ($106M).

Imports: In 2019 the top importers of Lumber, Oak (Quercus spp) were China ($476M), United Kingdom ($156M), Germany ($135M), Vietnam ($115M), and Canada ($105M).

Tariffs: In 2018 the average tariff for Lumber, Oak (Quercus spp) was 4.59%, making it the 4455th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Lumber, Oak (Quercus spp) are Zambia (36.3%), Sudan (35%), Angola (30%), Cameroon (29.4%), and Gabon (29.4%). The countries with the lowest tariffs are Egypt (0%), Ethiopia (0%), Mauritius (0%), South Africa (0%), and China (0%).

Ranking: Lumber, Oak (Quercus spp) ranks 1111th in the Product Complexity Index (PCI).

Description: Oak is the most commonly used wood in the world, which is a term used to describe the wood of a tree that is found in the temperate regions of the northern hemisphere. The oak genus includes about 600 species, and the wood is used in a variety of products, including furniture and windows. The wood is hard and strong, and is a good choice for building construction.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): United States, $854M

Top Destination (2019): China, $476M

Lumber, Oak (Quercus spp) are the world's 1233rd most traded product.

In 2019, the top exporters of Lumber, Oak (Quercus spp) were United States ($854M), Croatia ($157M), France ($148M), Ukraine ($119M), and Germany ($106M).

In 2019, the top importers of Lumber, Oak (Quercus spp) were China ($476M), United Kingdom ($156M), Germany ($135M), Vietnam ($115M), and Canada ($105M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Canada, $22.4M

Top Destination Growth (2018 - 2019): Saudi Arabia, $11.8M

Between 2018 and 2019, the exports of Lumber, Oak (Quercus spp) grew the fastest in Canada ($22.4M), Ukraine ($19.3M), Netherlands ($5.14M), Finland ($4.89M), and Switzerland ($2.69M).

Between 2018 and 2019, the fastest growing importers of Lumber, Oak (Quercus spp) were Saudi Arabia ($11.8M), Canada ($10.9M), Denmark ($4.73M), Bulgaria ($3.86M), and Belgium ($3.63M).

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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 Lumber, Oak (Quercus spp).

In 2019,  market concentration measured using Shannon Entropy, was 3.62. This means that most of the exports of Lumber, Oak (Quercus spp) are explained by 12 countries.

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TOP NET EXPORTER (2019): United States, $834M

TOP NET IMPORTER (2019): China, $463M

This map shows which countries export or import more of Lumber, Oak (Quercus spp). Each country is colored based on the difference in exports and imports of Lumber, Oak (Quercus spp) during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Lumber, Oak (Quercus spp) were United States ($834M), Croatia ($130M), Ukraine ($117M), France ($90.3M), and Russia ($59.4M).

In 2019, the countries that had a largest trade value in imports than in exports of Lumber, Oak (Quercus spp) were China ($463M), United Kingdom ($149M), Vietnam ($114M), Spain ($42.1M), and Netherlands ($39.5M).

Import Tariffs

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In 2018, the average tariff for importing Lumber, Oak (Quercus spp) was 4.59%. The countries with the highest tariffs for importing Lumber, Oak (Quercus spp) were Zambia (36.3%), Sudan (35%), Angola (30%), Cameroon (29.4%), and Gabon (29.4%).

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.