HS Icon Raw Cork

4501 (Harmonized System 1992 for 4-digit)

World Trade (2018): $271M, Rnk 1110 / 1225

Top Exporter (2018): $117M, Portugal

Top Importer (2018): $101M, Portugal

Export Growth (CAGR)(2017 - 2018): 59%, Rnk 49 / 1225

Mean Tariff (2018): 2.39%, Rnk 1188 / 1259

Share of World Trade (2018): 0.0015%, Rnk 1110 / 1225

Overview:  This page contains the latest trade data of Raw Cork. In 2018, Raw Cork were the world's 1110th most traded product, with a total trade of $271M. Between 2017 and 2018 the exports of Raw Cork grew by 59%, from  $171M to $271M. Trade in Raw Cork represent 0.0015% of total world trade.

Exports: In 2018 the top exporters of Raw Cork  were Portugal ($117M), Spain ($80.8M), Italy ($33.9M), Morocco ($9.5M), and Algeria ($4.98M).

Imports: In 2018 the top importers of Raw Cork were Portugal ($101M), Spain ($90.8M), France ($18.5M), Germany ($8.73M), and China ($7.65M).

Tariffs: In 2018 the average tariff for Raw Cork was 2.39%, been the 1188 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Raw Cork are Zambia (36.3%), Bermuda (25%), Bahamas (20.1%), Cambodia (15%), and Maldives (14.7%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): Portugal, $117M

Top Destination (2018): Portugal, $101M

Raw Cork are the world's 1110th most traded product.

In 2018, the top exporters of Raw Cork were Portugal ($117M), Spain ($80.8M), Italy ($33.9M), Morocco ($9.5M), and Algeria ($4.98M).

In 2018, the top importers of Raw Cork were Portugal ($101M), Spain ($90.8M), France ($18.5M), Germany ($8.73M), and China ($7.65M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Portugal, $54.7M

Top Destination Growth (2017 - 2018): Spain, $50.4M

Between 2017 and 2018, the exports of Raw Cork grew the fastest in Portugal ($54.7M), Italy ($18.3M), Spain ($15.2M), Morocco ($3.82M), and Algeria ($2.97M).

Between 2017 and 2018, the fastest growing importers of Raw Cork were Spain ($50.4M), Portugal ($29.2M), France ($5.19M), Germany ($4.33M), and Mexico ($3.26M).

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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 Raw Cork.

In 2018,  market concentration measured using Shannon Entropy, was 2.36. This means that most of the exports of Raw Cork are explained by 5 countries.

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TOP NET EXPORTER (2018): Italy, $31M

TOP NET IMPORTER (2018): France, $15M

This map shows which countries export or import more of Raw Cork. Each country is colored based on the difference in exports and imports of Raw Cork during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Raw Cork were Italy ($31M), Portugal ($16.6M), Morocco ($9.39M), Algeria ($4.97M), and Canada ($2.59M).

In 2018, the countries that had a largest trade value in imports than in exports of Raw Cork were France ($15M), Spain ($9.99M), Germany ($8.26M), China ($4.85M), and India ($4.76M).

Import Tariffs

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In 2018, the average tariff for importing Raw Cork was 2.39%.  The countries with the highest tariffs for importing Raw Cork were Zambia (36.3%), Bermuda (25%), Bahamas (20.1%), Cambodia (15%), and Maldives (14.7%).

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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.