NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

Wood; coniferous species, of Hem-fir (western hemlock (Tsuga heterophylla) and fir (Abies spp.))

440714 (Harmonized System 2022 for 6-digit)

2023
World Trade $217MRnk 4064 / 5606
2023
Top Exporter | Top Importer $186M | $77MCanada | United States
2023
Product Complexity 1.07Rnk 773 / 5606
2022 - 2023
Export Growth (CAGR) -38.6%Rnk 5367 / 5606
2023
Share of World Trade 0.00096%Rnk 4064 / 5606

About

Overview This page contains the latest trade data of Hem-Fir Wood. In 2023, Hem-Fir Wood were the world's 4064th most traded product, with a total trade of $217M. Between 2022 and 2023 the exports of Hem-Fir Wood decreased by -38.6%, from $354M to $217M. Trade in Hem-Fir Wood represent 0.00096% of total world trade.

Hem-Fir Wood are a part of Sawn Wood.

Exports In 2023 the top exporters of Hem-Fir Wood  were Canada ($186M), United States ($20.3M), China ($4.63M), Switzerland ($2.65M), and Germany ($953k).

Imports In 2023 the top importers of Hem-Fir Wood were United States ($77M), China ($46.2M), Japan ($31.8M), Chinese Taipei ($12.1M), and Canada ($11M).

Ranking Hem-Fir Wood ranks 773rd in the Product Complexity Index (PCI).

Latest Trends

Latest Data

View
Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Hem-Fir Wood. 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Exporters and Importers

Year
Top Origin (2023)Canada$186M
Top Destination (2023)United States$77M

In 2023 Hem-Fir Wood were the world's 4064th most traded product (out of 5,606).

In 2023, the top exporters of Hem-Fir Wood were Canada ($186M), United States ($20.3M), China ($4.63M), Switzerland ($2.65M), and Germany ($953k).

In 2023, the top importers of Hem-Fir Wood were United States ($77M), China ($46.2M), Japan ($31.8M), Chinese Taipei ($12.1M), and Canada ($11M).

Explore Visualizations

Exporters of Hem-Fir Wood (2023)
[Click to Select a Country]

Importers of Hem-Fir Wood (2023)
[Click to Select a Country]

Market Dynamics

Starting
Ending
Color
Top Origin Growth (2022 -  2023)China$2.08M
Top Destination Growth (2022 -  2023)Malaysia$1.31M

Between 2022 and 2023, the exports of Hem-Fir Wood grew the fastest in China ($2.08M), Russia ($111k), Japan ($73.6k), Indonesia ($68.4k), and Chinese Taipei ($50.5k).

Between 2022 and 2023, the fastest growing importers of Hem-Fir Wood were Malaysia ($1.31M), Indonesia ($1.21M), Saudi Arabia ($291k), United Kingdom ($195k), and Czechia ($102k).

Explore Visualizations

Exporters of Hem-Fir Wood (2022 - 2023)

Importers of Hem-Fir Wood (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Hem-Fir Wood.

In 2023, market concentration measured using Shannon Entropy, was 0.87. This means that most of the exports of Hem-Fir Wood are explained by 1 countries.

Explore Visualizations

Value of Exports in Hem-Fir Wood

Net Trade

Year
TOP NET EXPORTER (2023)Canada$175M
TOP NET IMPORTER (2023)United States$56.7M

This map shows which countries export or import more of Hem-Fir Wood. Each country is colored based on the difference in exports and imports of Hem-Fir Wood during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Hem-Fir Wood were Canada ($175M), Switzerland ($2.37M), Slovenia ($709k), Russia ($381k), and Belgium ($135k).

In 2023, the countries that had a largest trade value in imports than in exports of Hem-Fir Wood were United States ($56.7M), China ($41.5M), Japan ($31.7M), Chinese Taipei ($12.1M), and Hong Kong ($6.81M).

Net Trade (2023)

Country Comparison

Flow
Measure
Ranking

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

Top 10 Exporters Countries of Hem-Fir Wood by percentage of total exports

Product Complexity

Diversification Frontier

Specialization
Year

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)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms