HS Icon Other Wood Articles

4421 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $6.75B, Rnk 422 / 1217

2019
Top Exporter | Top Importer
: $2.64B | $1.53B, China | United States

2019
Product Complexity
: -0.43, Rnk 647 / 961

2018 - 2019
Export Growth (CAGR)
: -1.36%, Rnk 498 / 1217

2018
Mean Tariff
: 11.7%, Rnk 327 / 1259

 2019
Share of World Trade
: 0.037%, Rnk 422 / 1217

Overview:  This page contains the latest trade data of Other Wood Articles. In 2019, Other Wood Articles were the world's 422nd most traded product, with a total trade of $6.75B. Between 2018 and 2019 the exports of Other Wood Articles decreased by -1.36%, from  $6.84B to $6.75B. Trade in Other Wood Articles represent 0.037% of total world trade.

Exports: In 2019 the top exporters of Other Wood Articles  were China ($2.64B), Poland ($493M), Germany ($442M), Indonesia ($398M), and Canada ($361M).

Imports: In 2019 the top importers of Other Wood Articles were United States ($1.53B), Germany ($669M), Japan ($472M), France ($427M), and China ($366M).

Tariffs: In 2018 the average tariff for Other Wood Articles was 11.7%, making it the 327th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Wood Articles are Zambia (36.3%), Iran (34.7%), Angola (30%), Cameroon (29.4%), and Gabon (29.4%). The countries with the lowest tariffs are Mauritius (0%), China (0%), Hong Kong (0%), Singapore (0%), and Taiwan (0%).

Ranking: Other Wood Articles ranks 647th in the Product Complexity Index (PCI).

Description: Other articles of wood could include household items or carpentry utility items

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2019): China, $2.64B

Top Destination (2019): United States, $1.53B

Other Wood Articles are the world's 422nd most traded product.

In 2019, the top exporters of Other Wood Articles were China ($2.64B), Poland ($493M), Germany ($442M), Indonesia ($398M), and Canada ($361M).

In 2019, the top importers of Other Wood Articles were United States ($1.53B), Germany ($669M), Japan ($472M), France ($427M), and China ($366M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2018 -  2019): United Arab Emirates, $39.4M

Top Destination Growth (2018 - 2019): Saudi Arabia, $42.1M

Between 2018 and 2019, the exports of Other Wood Articles grew the fastest in United Arab Emirates ($39.4M), Ecuador ($33.6M), Italy ($24.7M), United States ($22.6M), and Belarus ($10.7M).

Between 2018 and 2019, the fastest growing importers of Other Wood Articles were Saudi Arabia ($42.1M), India ($22.7M), Vietnam ($19.2M), Ghana ($14.7M), and France ($9.89M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Other Wood Articles.

In 2019,  market concentration measured using Shannon Entropy, was 3.93. This means that most of the exports of Other Wood Articles are explained by 15 countries.

Explore Visualizations

TOP NET EXPORTER (2019): China, $2.28B

TOP NET IMPORTER (2019): United States, $1.36B

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

In 2019, the countries that had a largest trade value in exports than in imports of Other Wood Articles were China ($2.28B), Poland ($394M), Indonesia ($360M), Canada ($189M), and Mexico ($103M).

In 2019, the countries that had a largest trade value in imports than in exports of Other Wood Articles were United States ($1.36B), Japan ($460M), France ($351M), United Kingdom ($259M), and Germany ($227M).

Disaggregation

#permalink to section
Value

In 2019, the world most traded Other Wood Articles, disaggragated by their HS6 level were Wooden articles nes ($6.4B) and Clothes hangers of wood ($341M)

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Other Wood Articles was 11.7%.  The countries with the highest tariffs for importing Other Wood Articles were Zambia (36.3%), Iran (34.7%), Angola (30%), Cameroon (29.4%), and Gabon (29.4%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.