HS Icon Wood Products

IX (Harmonized System 1992 for Section)

 2019
World Trade
: $143B, Rnk 17 / 21

2019
Top Exporter | Top Importer
: $15.1B | $19.8B, China | United States

2019
Product Complexity
: -0.51, Rnk 15 / 21

2018 - 2019
Export Growth (CAGR)
: -6.42%, Rnk 17 / 21

2018
Mean Tariff
: 8.35%, Rnk 12 / 21

 2019
Share of World Trade
: 0.79%, Rnk 17 / 21

Overview:  This page contains the latest trade data of Wood Products. In 2019, Wood Products were the world's 17th most traded product, with a total trade of $143B. Between 2018 and 2019 the exports of Wood Products decreased by -6.42%, from  $152B to $143B. Trade in Wood Products represent 0.79% of total world trade.

Exports: In 2019 the top exporters of Wood Products  were China ($15.1B), Canada ($11.7B), Germany ($9.3B), Russia ($8.94B), and United States ($8.41B).

Imports: In 2019 the top importers of Wood Products were United States ($19.8B), China ($18.8B), Japan ($9.73B), Germany ($8.72B), and United Kingdom ($7.15B).

Tariffs: In 2018 the average tariff for Wood Products was 8.35%, making it the 12th lowest tariff using the Section product classification.

The countries with the highest import tariffs for Wood Products are Zambia (35.1%), Sudan (30.4%), Cameroon (29.1%), Gabon (28.7%), and Chad (28.5%). The countries with the lowest tariffs are Hong Kong (0%), Singapore (0%), Switzerland (0%), Norway (0%), and Canada (0.61%).

Ranking: Wood Products ranks 15th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2019): China, $15.1B

Top Destination (2019): United States, $19.8B

Wood Products are the world's 17th most traded product.

In 2019, the top exporters of Wood Products were China ($15.1B), Canada ($11.7B), Germany ($9.3B), Russia ($8.94B), and United States ($8.41B).

In 2019, the top importers of Wood Products were United States ($19.8B), China ($18.8B), Japan ($9.73B), Germany ($8.72B), and United Kingdom ($7.15B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Vietnam, $441M

Top Destination Growth (2018 - 2019): Ghana, $235M

Between 2018 and 2019, the exports of Wood Products grew the fastest in Vietnam ($441M), United Kingdom ($172M), Mozambique ($156M), United States ($114M), and India ($106M).

Between 2018 and 2019, the fastest growing importers of Wood Products were Ghana ($235M), Saudi Arabia ($155M), Vietnam ($93.4M), Indonesia ($83M), and Mexico ($80.7M).

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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 Products.

In 2019,  market concentration measured using Shannon Entropy, was 5.31. This means that most of the exports of Wood Products are explained by 39 countries.

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TOP NET EXPORTER (2019): Canada, $8.84B

TOP NET IMPORTER (2019): United States, $11.4B

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

In 2019, the countries that had a largest trade value in exports than in imports of Wood Products were Canada ($8.84B), Russia ($8.2B), Indonesia ($3.61B), New Zealand ($3.12B), and Brazil ($2.88B).

In 2019, the countries that had a largest trade value in imports than in exports of Wood Products were United States ($11.4B), Japan ($9.37B), United Kingdom ($6.3B), China ($3.73B), and South Korea ($2.87B).

Disaggregation

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Value
Disaggregation

In 2019, the world most traded Wood Products, disaggragated by their HS6 level were Lumber, coniferous (softwood) thickness < 6... ($26.4B), Fibreboard >0.8 g/cm2 worked/surface covered ($8.92B), Logs, poles, coniferous not treated or... ($8.22B), Builder's joinery and carpentry of wood... ($8.01B), and Particle board of wood ($7.85B)

Import Tariffs

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In 2018, the average tariff for importing Wood Products was 8.35%.  The countries with the highest tariffs for importing Wood Products were Zambia (35.1%), Sudan (30.4%), Cameroon (29.1%), Gabon (28.7%), and Chad (28.5%).

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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.