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Cork and articles of cork

45 (Harmonized System 1992 for 2-digit)

2023
World Trade $2.33BRnk 94 / 96
2023
Top Exporter | Top Importer $1.25B | $330MPortugal | France
2023
Product Complexity -0.022Rnk 46 / 96
2022 - 2023
Export Growth (CAGR) 3.53%Rnk 16 / 96
2023
Share of World Trade 0.01%Rnk 94 / 96

About

Overview This page contains the latest trade data of Cork & cork articles. In 2023, Cork & cork articles were the world's 94th most traded product, with a total trade of $2.33B. Between 2022 and 2023 the exports of Cork & cork articles grew by 3.53%, from $2.26B to $2.33B. Trade in Cork & cork articles represent 0.01% of total world trade.

Cork & cork articles are a part of Wood Products. They include Natural Cork Articles, Agglomerated Cork, Raw Cork, and Debacked Cork.

Exports In 2023 the top exporters of Cork & cork articles  were Portugal ($1.25B), Spain ($458M), China ($97M), France ($89.5M), and Italy ($85.4M).

Imports In 2023 the top importers of Cork & cork articles were France ($330M), Portugal ($318M), United States ($312M), Spain ($246M), and Italy ($236M).

Ranking Cork & cork articles ranks 46th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Cork & cork articles. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

Explore Latest Trends

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Portugal$1.25B
Top Destination (2023)France$330M

In 2023 Cork & cork articles were the world's 94th most traded product (out of 96).

In 2023, the top exporters of Cork & cork articles were Portugal ($1.25B), Spain ($458M), China ($97M), France ($89.5M), and Italy ($85.4M).

In 2023, the top importers of Cork & cork articles were France ($330M), Portugal ($318M), United States ($312M), Spain ($246M), and Italy ($236M).

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Exporters of Cork & cork articles (2023)
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Importers of Cork & cork articles (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Portugal$67.7M
Top Destination Growth (2022 -  2023)Portugal$37.1M

Between 2022 and 2023, the exports of Cork & cork articles grew the fastest in Portugal ($67.7M), Spain ($34.5M), South Korea ($33.9M), China ($7.24M), and Saudi Arabia ($6.6M).

Between 2022 and 2023, the fastest growing importers of Cork & cork articles were Portugal ($37.1M), Italy ($36M), Spain ($26.5M), United Kingdom ($16.6M), and Belarus ($7.64M).

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Exporters of Cork & cork articles (2022 - 2023)

Importers of Cork & cork articles (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Cork & cork articles.

In 2023, market concentration measured using Shannon Entropy, was 2.63. This means that most of the exports of Cork & cork articles are explained by 6 countries.

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Value of Exports in Cork & cork articles

Net Trade

TOP NET EXPORTER (2023)Portugal$927M
TOP NET IMPORTER (2023)United States$280M

This map shows which countries export or import more of Cork & cork articles. Each country is colored based on the difference in exports and imports of Cork & cork articles during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Cork & cork articles were Portugal ($927M), Spain ($213M), China ($53.4M), South Korea ($50.8M), and Morocco ($20.5M).

In 2023, the countries that had a largest trade value in imports than in exports of Cork & cork articles were United States ($280M), France ($241M), Italy ($151M), United Kingdom ($88.9M), and Saudi Arabia ($75.8M).

Net Trade (2023)

Disaggregation

Value
Disaggregation

In 2023, the world most traded Cork & cork articles, disaggragated by their HS6 level were Agglomerated Cork ($1.09B), Natural Cork Articles ($738M), Raw Cork ($455M), and Debacked Cork ($52.3M)

HS6 Disaggregation for Cork & cork articles (2023)
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Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Cork & cork articles.
It is possible to select the main countries that export or import Cork & cork articles in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Cork & cork articles by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $722k
TOP IMPORT POTENTIALChina+ $341k

Cork & cork articles’s highest export potential is India. With an export gap of $722k.  Cork & cork articles’s highest import potential is China with an import gap of $341k.

See methodology.

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Product Complexity

Diversification Frontier

Specialization

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.

Relatedness vs Country Complexity (2023)

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