HS Icon Wood Ornaments

4420 (Harmonized System 1992 for 4-digit)

World Trade (2018): $2.02B, Rnk 732 / 1225

Top Exporter (2018): $1.2B, China

Top Importer (2018): $618M, United States

Export Growth (CAGR)(2017 - 2018): 14.9%, Rnk 527 / 1225

Mean Tariff (2018): 12.5%, Rnk 294 / 1259

Share of World Trade (2018): 0.011%, Rnk 732 / 1225

Overview:  This page contains the latest trade data of Wood Ornaments. In 2018, Wood Ornaments were the world's 732nd most traded product, with a total trade of $2.02B. Between 2017 and 2018 the exports of Wood Ornaments grew by 14.9%, from  $1.76B to $2.02B. Trade in Wood Ornaments represent 0.011% of total world trade.

Exports: In 2018 the top exporters of Wood Ornaments  were China ($1.2B), Germany ($82M), Indonesia ($67.1M), India ($67M), and Netherlands ($59.8M).

Imports: In 2018 the top importers of Wood Ornaments were United States ($618M), Germany ($194M), France ($111M), Netherlands ($106M), and Japan ($92.4M).

Tariffs: In 2018 the average tariff for Wood Ornaments was 12.5%, been the 294 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Wood Ornaments are Syria (73.5%), Bahamas (41.3%), Iran (40%), Cape Verde (40%), and Zimbabwe (36.6%). The countries with the lowest tariffs are China (0%), Hong Kong (0%), Singapore (0%), Taiwan (0%), and Switzerland (0%).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): China, $1.2B

Top Destination (2018): United States, $618M

Wood Ornaments are the world's 732nd most traded product.

In 2018, the top exporters of Wood Ornaments were China ($1.2B), Germany ($82M), Indonesia ($67.1M), India ($67M), and Netherlands ($59.8M).

In 2018, the top importers of Wood Ornaments were United States ($618M), Germany ($194M), France ($111M), Netherlands ($106M), and Japan ($92.4M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): China, $138M

Top Destination Growth (2017 - 2018): United States, $121M

Between 2017 and 2018, the exports of Wood Ornaments grew the fastest in China ($138M), Netherlands ($22.8M), Germany ($20.6M), Denmark ($16.4M), and Switzerland ($14.7M).

Between 2017 and 2018, the fastest growing importers of Wood Ornaments were United States ($121M), Singapore ($25.3M), France ($16.9M), Germany ($16.5M), and Switzerland ($11.2M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Wood Ornaments.

In 2018,  market concentration measured using Shannon Entropy, was 2.99. This means that most of the exports of Wood Ornaments are explained by 7 countries.

Explore Visualizations

TOP NET EXPORTER (2018): China, $1.18B

TOP NET IMPORTER (2018): United States, $600M

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

In 2018, the countries that had a largest trade value in exports than in imports of Wood Ornaments were China ($1.18B), Indonesia ($64.2M), India ($61.6M), Vietnam ($43M), and Thailand ($40.2M).

In 2018, the countries that had a largest trade value in imports than in exports of Wood Ornaments were United States ($600M), Germany ($112M), Japan ($85M), France ($82M), and United Kingdom ($80.7M).

Trade Forecasts

#permalink to section

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

Explore Forecasts

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Wood Ornaments was 12.5%.  The countries with the highest tariffs for importing Wood Ornaments were Syria (73.5%), Bahamas (41.3%), Iran (40%), Cape Verde (40%), and Zimbabwe (36.6%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.