HS Icon Wood Barrels

4416 (Harmonized System 1992 for 4-digit)

World Trade (2018): $963M, Rnk 922 / 1225

Top Exporter (2018): $492M, France

Top Importer (2018): $255M, United States

Export Growth (CAGR)(2017 - 2018): 8.77%, Rnk 828 / 1225

Mean Tariff (2018): 10.8%, Rnk 383 / 1259

Share of World Trade (2018): 0.0052%, Rnk 922 / 1225

Overview:  This page contains the latest trade data of Wood Barrels. In 2018, Wood Barrels were the world's 922nd most traded product, with a total trade of $963M. Between 2017 and 2018 the exports of Wood Barrels grew by 8.77%, from  $885M to $963M. Trade in Wood Barrels represent 0.0052% of total world trade.

Exports: In 2018 the top exporters of Wood Barrels  were France ($492M), United States ($217M), Spain ($100M), Hungary ($17.2M), and Italy ($13.3M).

Imports: In 2018 the top importers of Wood Barrels were United States ($255M), United Kingdom ($166M), Spain ($78.7M), Australia ($57.3M), and France ($48.8M).

Tariffs: In 2018 the average tariff for Wood Barrels was 10.8%, been the 383 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Wood Barrels are Iran (45%), Bahamas (40.2%), Syria (36.8%), Zimbabwe (36.5%), and Zambia (36.3%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Singapore (0%), and Turkey (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): France, $492M

Top Destination (2018): United States, $255M

Wood Barrels are the world's 922nd most traded product.

In 2018, the top exporters of Wood Barrels were France ($492M), United States ($217M), Spain ($100M), Hungary ($17.2M), and Italy ($13.3M).

In 2018, the top importers of Wood Barrels were United States ($255M), United Kingdom ($166M), Spain ($78.7M), Australia ($57.3M), and France ($48.8M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): France, $33.3M

Top Destination Growth (2017 - 2018): Spain, $17.9M

Between 2017 and 2018, the exports of Wood Barrels grew the fastest in France ($33.3M), Spain ($23.6M), Austria ($3.5M), Lithuania ($3.39M), and Portugal ($3.32M).

Between 2017 and 2018, the fastest growing importers of Wood Barrels were Spain ($17.9M), United Kingdom ($16.3M), Germany ($7.52M), France ($5.92M), and Australia ($5.9M).

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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 Wood Barrels.

In 2018,  market concentration measured using Shannon Entropy, was 2.47. This means that most of the exports of Wood Barrels are explained by 5 countries.

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TOP NET EXPORTER (2018): France, $443M

TOP NET IMPORTER (2018): United Kingdom, $158M

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

In 2018, the countries that had a largest trade value in exports than in imports of Wood Barrels were France ($443M), Spain ($21.7M), Hungary ($15.9M), Ukraine ($10.2M), and Lithuania ($7.27M).

In 2018, the countries that had a largest trade value in imports than in exports of Wood Barrels were United Kingdom ($158M), Australia ($54.1M), United States ($38.4M), Ireland ($36.9M), and Japan ($32.9M).

Trade Forecasts

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This section shows forecasts for total trade for Wood Barrels. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Wood Barrels was 10.8%.  The countries with the highest tariffs for importing Wood Barrels were Iran (45%), Bahamas (40.2%), Syria (36.8%), Zimbabwe (36.5%), and Zambia (36.3%).

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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.