HS Icon Wood Ornaments

4420 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $2.05B, Rnk 719 / 1217

2019
Top Exporter | Top Importer
: $1.22B | $666M, China | United States

2019
Product Complexity
: -0.53, Rnk 669 / 961

2018 - 2019
Export Growth (CAGR)
: 0.021%, Rnk 392 / 1217

2018
Mean Tariff
: 12.5%, Rnk 294 / 1259

 2019
Share of World Trade
: 0.011%, Rnk 719 / 1217

Overview:  This page contains the latest trade data of Wood Ornaments. In 2019, Wood Ornaments were the world's 719th most traded product, with a total trade of $2.05B. Between 2018 and 2019 the exports of Wood Ornaments grew by 0.021%, from  $2.05B to $2.05B. Trade in Wood Ornaments represent 0.011% of total world trade.

Exports: In 2019 the top exporters of Wood Ornaments  were China ($1.22B), Germany ($79.5M), India ($67.3M), Indonesia ($66.5M), and Netherlands ($54.3M).

Imports: In 2019 the top importers of Wood Ornaments were United States ($666M), Germany ($197M), France ($110M), Netherlands ($103M), and United Kingdom ($95M).

Tariffs: In 2018 the average tariff for Wood Ornaments was 12.5%, making it the 294th 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%).

Ranking: Wood Ornaments ranks 669th in the Product Complexity Index (PCI).

Description: Wood marquetry is a type of wood inlay that uses different pieces of veneer to create a picture or design. Inlaid wood is often used to decorate the sides of furniture, such as the inside of drawers or the back panel of cabinets.

Exporters and Importers

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Trade By Country

Top Origin (2019): China, $1.22B

Top Destination (2019): United States, $666M

Wood Ornaments are the world's 719th most traded product.

In 2019, the top exporters of Wood Ornaments were China ($1.22B), Germany ($79.5M), India ($67.3M), Indonesia ($66.5M), and Netherlands ($54.3M).

In 2019, the top importers of Wood Ornaments were United States ($666M), Germany ($197M), France ($110M), Netherlands ($103M), and United Kingdom ($95M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $19.9M

Top Destination Growth (2018 - 2019): United States, $50.1M

Between 2018 and 2019, the exports of Wood Ornaments grew the fastest in China ($19.9M), France ($9.46M), Austria ($3.29M), Switzerland ($2.53M), and Ukraine ($2.04M).

Between 2018 and 2019, the fastest growing importers of Wood Ornaments were United States ($50.1M), Poland ($4.41M), Spain ($4.37M), Germany ($4.18M), and Saudi Arabia ($3.44M).

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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 Ornaments.

In 2019,  market concentration measured using Shannon Entropy, was 2.98. This means that most of the exports of Wood Ornaments are explained by 7 countries.

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TOP NET EXPORTER (2019): China, $1.2B

TOP NET IMPORTER (2019): United States, $637M

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Wood Ornaments were China ($1.2B), Indonesia ($64.2M), India ($61.8M), Thailand ($39.9M), and Vietnam ($38.3M).

In 2019, the countries that had a largest trade value in imports than in exports of Wood Ornaments were United States ($637M), Germany ($118M), United Kingdom ($82.5M), Japan ($80.6M), and France ($71.8M).

Disaggregation

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Value

In 2019, the world most traded Wood Ornaments, disaggragated by their HS6 level were Statuettes and other ornaments of wood ($1.13B) and Wood marquetry, laid; caskets & cases... ($919M)

Import Tariffs

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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%).

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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.