HS Icon Veneer Sheets

4408 (Harmonized System 1992 for 4-digit)

World Trade (2019): $3.64B, Rnk 583 / 1217

Top Exporter (2019): $563M, China

Top Importer (2019): $357M, United States

Product Complexity (2019): -0.76, Rnk 721 / 961

Export Growth (CAGR)(2018 - 2019): -2.37%, Rnk 568 / 1217

Mean Tariff (2018): 6.12%, Rnk 688 / 1259

Share of World Trade (2019): 0.02%, Rnk 583 / 1217

Overview:  This page contains the latest trade data of Veneer Sheets. In 2019, Veneer Sheets were the world's 583rd most traded product, with a total trade of $3.64B. Between 2018 and 2019 the exports of Veneer Sheets decreased by -2.37%, from  $3.73B to $3.64B. Trade in Veneer Sheets represent 0.02% of total world trade.

Exports: In 2019 the top exporters of Veneer Sheets  were China ($563M), United States ($302M), Canada ($267M), Ukraine ($212M), and Gabon ($198M).

Imports: In 2019 the top importers of Veneer Sheets were United States ($357M), India ($316M), China ($200M), Italy ($193M), and Germany ($179M).

Tariffs: In 2018 the average tariff for Veneer Sheets was 6.12%, making it the 688th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Veneer Sheets are Papua New Guinea (49.4%), Laos (38.1%), Zambia (36.3%), Sudan (35%), and Angola (30%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Indonesia (0%), Lebanon (0%), and Sri Lanka (0%).

Ranking: Veneer Sheets ranks 721st in the Product Complexity Index (PCI).

Description: Sheets are used for veneering when they are thin enough to be cut with a knife. This is usually done when the grain of the sheet is running perpendicular to the grain of the veneer. Sheets are also used to build up the thickness of a piece of veneer.

Exporters and Importers

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Trade By Country

Top Origin (2019): China, $563M

Top Destination (2019): United States, $357M

Veneer Sheets are the world's 583rd most traded product.

In 2019, the top exporters of Veneer Sheets were China ($563M), United States ($302M), Canada ($267M), Ukraine ($212M), and Gabon ($198M).

In 2019, the top importers of Veneer Sheets were United States ($357M), India ($316M), China ($200M), Italy ($193M), and Germany ($179M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Gabon, $56.4M

Top Destination Growth (2018 - 2019): Vietnam, $55.2M

Between 2018 and 2019, the exports of Veneer Sheets grew the fastest in Gabon ($56.4M), China ($45.7M), Italy ($23.6M), Finland ($13.8M), and Vietnam ($13.5M).

Between 2018 and 2019, the fastest growing importers of Veneer Sheets were Vietnam ($55.2M), India ($51.4M), China ($40.7M), Cambodia ($25.6M), and Nigeria ($18.5M).

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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 Veneer Sheets.

In 2019,  market concentration measured using Shannon Entropy, was 4.89. This means that most of the exports of Veneer Sheets are explained by 29 countries.

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TOP NET EXPORTER (2019): China, $363M

TOP NET IMPORTER (2019): India, $293M

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

In 2019, the countries that had a largest trade value in exports than in imports of Veneer Sheets were China ($363M), Gabon ($198M), Ukraine ($190M), Russia ($150M), and Canada ($139M).

In 2019, the countries that had a largest trade value in imports than in exports of Veneer Sheets were India ($293M), Japan ($151M), Vietnam ($112M), Mexico ($78.4M), and Chinese Taipei ($68M).

Disaggregation

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Value

In 2019, the world most traded Veneer Sheets, disaggragated by their HS6 level were Veneer,ply sheet, not conifer or tropical,... ($3.01B), Veneer or ply sheet, coniferous (softwood)... ($589M), and Veneer or ply sheet, tropical woods,... ($38.3M)

Import Tariffs

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In 2018, the average tariff for importing Veneer Sheets was 6.12%.  The countries with the highest tariffs for importing Veneer Sheets were Papua New Guinea (49.4%), Laos (38.1%), Zambia (36.3%), Sudan (35%), and Angola (30%).

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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.