Rough Wood4403 (Harmonized System 1992 for 4-digit)
World Trade (2018): $15.7B, Rnk 233 / 1225
Top Exporter (2018): $2.49B, New Zealand
Top Importer (2018): $8.82B, China
Product Complexity (2018): -1.52, Rnk 941 / 1018
Export Growth (CAGR)(2017 - 2018): 8.66%, Rnk 836 / 1225
Mean Tariff (2018): 3.79%, Rnk 1040 / 1259
Share of World Trade (2018): 0.086%, Rnk 233 / 1225
Overview: This page contains the latest trade data of Rough Wood. In 2018, Rough Wood were the world's 233rd most traded product, with a total trade of $15.7B. Between 2017 and 2018 the exports of Rough Wood grew by 8.66%, from $14.5B to $15.7B. Trade in Rough Wood represent 0.086% of total world trade.
Exports: In 2018 the top exporters of Rough Wood were New Zealand ($2.49B), Russia ($1.48B), United States ($1.2B), Papua New Guinea ($827M), and Canada ($681M).
Imports: In 2018 the top importers of Rough Wood were China ($8.82B), Austria ($763M), Sweden ($672M), Germany ($653M), and India ($546M).
Tariffs: In 2018 the average tariff for Rough Wood was 3.79%, been the 1040 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Rough Wood are Belize (38.3%), Zambia (36.3%), Sudan (35%), Cameroon (29.4%), and Gabon (29.4%). The countries with the lowest tariffs are Ethiopia (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).
Ranking: Rough Wood ranks 941st in the Product Complexity Index (PCI).
Trade By Country
Top Origin (2018): New Zealand, $2.49B
Top Destination (2018): China, $8.82B
Rough Wood are the world's 233rd most traded product.
In 2018, the top exporters of Rough Wood were New Zealand ($2.49B), Russia ($1.48B), United States ($1.2B), Papua New Guinea ($827M), and Canada ($681M).
In 2018, the top importers of Rough Wood were China ($8.82B), Austria ($763M), Sweden ($672M), Germany ($653M), and India ($546M).
Trade by country
Top Origin Growth (2017 - 2018): New Zealand, $492M
Top Destination Growth (2017 - 2018): Sweden, $318M
Between 2017 and 2018, the exports of Rough Wood grew the fastest in New Zealand ($492M), Papua New Guinea ($268M), Latvia ($186M), Poland ($177M), and Solomon Islands ($134M).
Between 2017 and 2018, the fastest growing importers of Rough Wood were Sweden ($318M), China ($185M), Finland ($185M), United States ($128M), and India ($112M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Rough Wood.
In 2018, market concentration measured using Shannon Entropy, was 5.01. This means that most of the exports of Rough Wood are explained by 32 countries.
TOP NET EXPORTER (2018): New Zealand, $2.49B
TOP NET IMPORTER (2018): China, $8.79B
This map shows which countries export or import more of Rough Wood. Each country is colored based on the difference in exports and imports of Rough Wood during 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Rough Wood were New Zealand ($2.49B), Russia ($1.48B), United States ($1.07B), Papua New Guinea ($827M), and Canada ($676M).
In 2018, the countries that had a largest trade value in imports than in exports of Rough Wood were China ($8.79B), Austria ($654M), Sweden ($539M), India ($487M), and South Korea ($419M).
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.
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