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450310 (Harmonized System 1992 for 6-digit)

2023
World Trade $634MRnk 2600 / 4644
2023
Top Exporter | Top Importer $509M | $184MPortugal | United States
2023
Product Complexity -0.58Rnk 3329 / 4656
2022 - 2023
Export Growth (CAGR) 0.59%Rnk 1483 / 4644
2023
Share of World Trade 0.0028%Rnk 2600 / 4644

About

Overview This page contains the latest trade data of Corks and stoppers, natural cork. In 2023, Corks and stoppers, natural cork were the world's 2600th most traded product, with a total trade of $634M. Between 2022 and 2023 the exports of Corks and stoppers, natural cork grew by 0.59%, from $630M to $634M. Trade in Corks and stoppers, natural cork represent 0.0028% of total world trade.

Corks and stoppers, natural cork are a part of Natural Cork Articles.

Exports In 2023 the top exporters of Corks and stoppers, natural cork  were Portugal ($509M), Spain ($31.5M), France ($22.1M), Italy ($16.6M), and United States ($13.1M).

Imports In 2023 the top importers of Corks and stoppers, natural cork were United States ($184M), France ($120M), Italy ($73.2M), Spain ($46.5M), and United Kingdom ($33.5M).

Ranking Corks and stoppers, natural cork ranks 3329th in the Product Complexity Index (PCI).

Description Cork is a substance that can be harvested from the bark of the cork oak tree. Stoppers are a different kind of cork and come in either metal or plastic. Cork is used to seal in the air from a wine bottle, stoppers seal in the air from a sparkling wine bottle.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Corks and stoppers, natural cork. Countries are shown based on data availability.

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

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* 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$509M
Top Destination (2023)United States$184M

In 2023 Corks and stoppers, natural cork were the world's 2600th most traded product (out of 4,644).

In 2023, the top exporters of Corks and stoppers, natural cork were Portugal ($509M), Spain ($31.5M), France ($22.1M), Italy ($16.6M), and United States ($13.1M).

In 2023, the top importers of Corks and stoppers, natural cork were United States ($184M), France ($120M), Italy ($73.2M), Spain ($46.5M), and United Kingdom ($33.5M).

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Exporters of Corks and stoppers, natural cork (2023)
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Importers of Corks and stoppers, natural cork (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Portugal$20.7M
Top Destination Growth (2022 -  2023)Italy$12.7M

Between 2022 and 2023, the exports of Corks and stoppers, natural cork grew the fastest in Portugal ($20.7M), United States ($5.75M), Israel ($2.69M), Spain ($1.87M), and Chile ($428k).

Between 2022 and 2023, the fastest growing importers of Corks and stoppers, natural cork were Italy ($12.7M), United States ($10.3M), Canada ($4.25M), United Kingdom ($4.23M), and Russia ($2.19M).

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Exporters of Corks and stoppers, natural cork (2022 - 2023)

Importers of Corks and stoppers, natural cork (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Corks and stoppers, natural cork.

In 2023, market concentration measured using Shannon Entropy, was 1.43. This means that most of the exports of Corks and stoppers, natural cork are explained by 2 countries.

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Value of Exports in Corks and stoppers, natural cork

Net Trade

TOP NET EXPORTER (2023)Portugal$485M
TOP NET IMPORTER (2023)United States$171M

This map shows which countries export or import more of Corks and stoppers, natural cork. Each country is colored based on the difference in exports and imports of Corks and stoppers, natural cork during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Corks and stoppers, natural cork were Portugal ($485M), Morocco ($5.38M), Tunisia ($4.61M), Hong Kong ($2.4M), and Algeria ($980k).

In 2023, the countries that had a largest trade value in imports than in exports of Corks and stoppers, natural cork were United States ($171M), France ($97.5M), Italy ($56.6M), United Kingdom ($32.5M), and Mexico ($16M).

Net Trade (2023)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Corks and stoppers, natural cork by percentage of total exports

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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