HS Icon Wood Carpentry

4418 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $14.6B, Rnk 240 / 1217

2019
Top Exporter | Top Importer
: $1.47B | $2.47B, China | United States

2019
Product Complexity
: 0.16, Rnk 477 / 961

2018 - 2019
Export Growth (CAGR)
: -4.74%, Rnk 729 / 1217

2018
Mean Tariff
: 13.1%, Rnk 266 / 1259

 2019
Share of World Trade
: 0.08%, Rnk 240 / 1217

Overview:  This page contains the latest trade data of Wood Carpentry. In 2019, Wood Carpentry were the world's 240th most traded product, with a total trade of $14.6B. Between 2018 and 2019 the exports of Wood Carpentry decreased by -4.74%, from  $15.3B to $14.6B. Trade in Wood Carpentry represent 0.08% of total world trade.

Exports: In 2019 the top exporters of Wood Carpentry  were China ($1.47B), Germany ($1.37B), Austria ($1.36B), Canada ($1.23B), and Poland ($1.07B).

Imports: In 2019 the top importers of Wood Carpentry were United States ($2.47B), Japan ($1.5B), Germany ($1.45B), United Kingdom ($917M), and Switzerland ($742M).

Tariffs: In 2018 the average tariff for Wood Carpentry was 13.1%, making it the 266th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Wood Carpentry are Iran (49.3%), Syria (49%), Cape Verde (40%), Zambia (36.3%), and Sudan (35%). The countries with the lowest tariffs are Hong Kong (0%), Singapore (0%), Taiwan (0%), Switzerland (0%), and Norway (0%).

Ranking: Wood Carpentry ranks 477th in the Product Complexity Index (PCI).

Description: Builders' joinery is the process of joining various materials to create a structure. Examples of materials that are joined include wood, metal, and stone. It is most often used in construction of houses, buildings, and bridges. Carpentry is the process of creating furniture, structures, and other objects from wood.

Exporters and Importers

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Trade By Country

Top Origin (2019): China, $1.47B

Top Destination (2019): United States, $2.47B

Wood Carpentry are the world's 240th most traded product.

In 2019, the top exporters of Wood Carpentry were China ($1.47B), Germany ($1.37B), Austria ($1.36B), Canada ($1.23B), and Poland ($1.07B).

In 2019, the top importers of Wood Carpentry were United States ($2.47B), Japan ($1.5B), Germany ($1.45B), United Kingdom ($917M), and Switzerland ($742M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Russia, $42.4M

Top Destination Growth (2018 - 2019): Japan, $69M

Between 2018 and 2019, the exports of Wood Carpentry grew the fastest in Russia ($42.4M), Chile ($38.7M), Canada ($33.6M), Philippines ($33.1M), and Mexico ($23.2M).

Between 2018 and 2019, the fastest growing importers of Wood Carpentry were Japan ($69M), Vietnam ($11.1M), Uzbekistan ($9.26M), Turkmenistan ($8.47M), and Netherlands ($8.32M).

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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 Carpentry.

In 2019,  market concentration measured using Shannon Entropy, was 4.88. This means that most of the exports of Wood Carpentry are explained by 29 countries.

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TOP NET EXPORTER (2019): China, $1.35B

TOP NET IMPORTER (2019): United States, $2.06B

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

In 2019, the countries that had a largest trade value in exports than in imports of Wood Carpentry were China ($1.35B), Austria ($1.04B), Poland ($921M), Canada ($862M), and Philippines ($773M).

In 2019, the countries that had a largest trade value in imports than in exports of Wood Carpentry were United States ($2.06B), Japan ($1.48B), United Kingdom ($835M), Switzerland ($680M), and France ($519M).

Disaggregation

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Value

In 2019, the world most traded Wood Carpentry, disaggragated by their HS6 level were Builder's joinery and carpentry of wood... ($8.01B), Doors, frames and thresholds, of wood ($3.78B), Windows, French-windows, frames, of wood ($2.11B), Shuttering for concrete constructional work, of... ($379M), and Shingles and shakes, of wood ($212M)

Import Tariffs

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In 2018, the average tariff for importing Wood Carpentry was 13.1%.  The countries with the highest tariffs for importing Wood Carpentry were Iran (49.3%), Syria (49%), Cape Verde (40%), Zambia (36.3%), and Sudan (35%).

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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.