HS Icon Natural Cork Articles

4503 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Natural Cork Articles. In 2019, Natural Cork Articles were the world's 966th most traded product, with a total trade of $725M. Between 2018 and 2019 the exports of Natural Cork Articles decreased by -13.5%, from $838M to $725M. Trade in Natural Cork Articles represent 0.004% of total world trade.

Exports In 2019 the top exporters of Natural Cork Articles  were Portugal ($514M), Spain ($60M), France ($24.3M), United Arab Emirates ($17.2M), and China ($15.5M).

Imports In 2019 the top importers of Natural Cork Articles were France ($143M), United States ($138M), Spain ($67.5M), Italy ($58.8M), and Portugal ($41.4M).

Tariffs In 2018 the average tariff for Natural Cork Articles was 5.24%, making it the 785th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Natural Cork Articles are Bahamas (41.4%), Zambia (36.3%), Algeria (26.6%), Bermuda (25%), and Tunisia (20%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), South Africa (0%), Hong Kong (0%), and Japan (0%).

Ranking Natural Cork Articles ranks 774th in the Product Complexity Index (PCI).

Description Natural cork is used to make wine bottle stoppers, flooring, and sealing materials.

Historical Data

#permalink to section

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2019): Portugal, $514M

Top Destination (2019): France, $143M

Natural Cork Articles are the world's 966th most traded product.

In 2019, the top exporters of Natural Cork Articles were Portugal ($514M), Spain ($60M), France ($24.3M), United Arab Emirates ($17.2M), and China ($15.5M).

In 2019, the top importers of Natural Cork Articles were France ($143M), United States ($138M), Spain ($67.5M), Italy ($58.8M), and Portugal ($41.4M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2018 -  2019): China, $8.29M

Top Destination Growth (2018 - 2019): Saudi Arabia, $9.48M

Between 2018 and 2019, the exports of Natural Cork Articles grew the fastest in China ($8.29M), United Arab Emirates ($6.73M), Hungary ($2.76M), Germany ($2.67M), and Sweden ($1.84M).

Between 2018 and 2019, the fastest growing importers of Natural Cork Articles were Saudi Arabia ($9.48M), Bahrain ($1.83M), Russia ($1.7M), Japan ($1.62M), and China ($1.38M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Natural Cork Articles.

In 2019,  market concentration measured using Shannon Entropy, was 1.98. This means that most of the exports of Natural Cork Articles are explained by 3 countries.

Explore Visualizations

TOP NET EXPORTER (2019): Portugal, $473M

TOP NET IMPORTER (2019): United States, $126M

This map shows which countries export or import more of Natural Cork Articles. Each country is colored based on the difference in exports and imports of Natural Cork Articles during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Natural Cork Articles were Portugal ($473M), United Arab Emirates ($15.9M), Morocco ($12.6M), Tunisia ($6.23M), and Sweden ($1.71M).

In 2019, the countries that had a largest trade value in imports than in exports of Natural Cork Articles were United States ($126M), France ($119M), Italy ($43.7M), United Kingdom ($31.7M), and Mexico ($27.4M).

Disaggregation

#permalink to section
Value

In 2019, the world most traded Natural Cork Articles, disaggragated by their HS6 level were Corks and stoppers, natural cork ($636M) and Natural cork articles other than corks... ($88.1M)

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Natural Cork Articles was 5.24%. The countries with the highest tariffs for importing Natural Cork Articles were Bahamas (41.4%), Zambia (36.3%), Algeria (26.6%), Bermuda (25%), and Tunisia (20%).

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
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

#permalink to section

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