HS Icon Raw Cork

4501 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Raw Cork. In 2019, Raw Cork were the world's 1101st most traded product, with a total trade of $294M. Between 2018 and 2019 the exports of Raw Cork grew by 7.77%, from $273M to $294M. Trade in Raw Cork represent 0.0016% of total world trade.

Exports In 2019 the top exporters of Raw Cork  were Spain ($123M), Portugal ($105M), Italy ($25M), Morocco ($11.7M), and Algeria ($6.68M).

Imports In 2019 the top importers of Raw Cork were Portugal ($131M), Spain ($79.8M), France ($23.9M), Germany ($10.1M), and China ($7.42M).

Tariffs In 2018 the average tariff for Raw Cork was 2.39%, making it the 1188th 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%).

Description Cork is a natural material that can be used for insulation, decoration, and as a stopper.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Spain, $123M

Top Destination (2019): Portugal, $131M

Raw Cork are the world's 1101st most traded product.

In 2019, the top exporters of Raw Cork were Spain ($123M), Portugal ($105M), Italy ($25M), Morocco ($11.7M), and Algeria ($6.68M).

In 2019, the top importers of Raw Cork were Portugal ($131M), Spain ($79.8M), France ($23.9M), Germany ($10.1M), and China ($7.42M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Spain, $40.1M

Top Destination Growth (2018 - 2019): Portugal, $28.2M

Between 2018 and 2019, the exports of Raw Cork grew the fastest in Spain ($40.1M), Eswatini ($4.2M), Morocco ($2.15M), Algeria ($1.74M), and Tunisia ($1.45M).

Between 2018 and 2019, the fastest growing importers of Raw Cork were Portugal ($28.2M), France ($5.49M), Ireland ($4.15M), Germany ($1.37M), and Italy ($759k).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Raw Cork.

In 2019,  market concentration measured using Shannon Entropy, was 2.23. This means that most of the exports of Raw Cork are explained by 4 countries.

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TOP NET EXPORTER (2019): Spain, $43.4M

TOP NET IMPORTER (2019): Portugal, $26.2M

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Raw Cork were Spain ($43.4M), Italy ($21.4M), Morocco ($11.6M), Algeria ($6.57M), and Tunisia ($5.28M).

In 2019, the countries that had a largest trade value in imports than in exports of Raw Cork were Portugal ($26.2M), France ($21.3M), Germany ($9.7M), China ($5.15M), and Ireland ($4.28M).

Disaggregation

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Value

In 2019, the world most traded Raw Cork, disaggragated by their HS6 level were Waste cork, crushed, granulated or ground ($192M) and Natural cork, raw or simply prepared ($102M)

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%).

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.

Country by Relatedness

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