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Wood, tropical; teak, sawn or chipped lengthwise, sliced or peeled, planed, square dressed, structural, thicker than 6mm

440723 (Harmonized System 1992 for 6-digit)

2022
World Trade $163MRnk 3857 / 4648
2022
Top Exporter | Top Importer $31.3M | $33.5MPapua New Guinea | China
2022
Product Complexity -1.82Rnk 4463 / 4653
2021 - 2022
Export Growth (CAGR) -38.4%Rnk 4503 / 4648
2022
Share of World Trade 0.00069%Rnk 3857 / 4648

About

Overview This page contains the latest trade data of Tropical teak wood, processed >6mm thickness. In 2022, Tropical teak wood, processed >6mm thickness were the world's 3857th most traded product, with a total trade of $163M. Between 2021 and 2022 the exports of Tropical teak wood, processed >6mm thickness decreased by -38.4%, from $265M to $163M. Trade in Tropical teak wood, processed >6mm thickness represent 0.00069% of total world trade.

Tropical teak wood, processed >6mm thickness are a part of Sawn Wood.

Exports In 2022 the top exporters of Tropical teak wood, processed >6mm thickness  were Papua New Guinea ($31.3M), Ecuador ($31.2M), Democratic Republic of the Congo ($16.9M), United States ($14.3M), and Fiji ($10.4M).

Imports In 2022 the top importers of Tropical teak wood, processed >6mm thickness were China ($33.5M), United States ($23.1M), Kenya ($16.8M), Mexico ($15.6M), and India ($13.8M).

Ranking Tropical teak wood, processed >6mm thickness ranks 4463rd in the Product Complexity Index (PCI).

Description -

Latest Trends

Latest Data

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The following visualization shows the latest trends on Tropical teak wood, processed >6mm thickness. 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 (2022)Papua New Guinea$31.3M
Top Destination (2022)China$33.5M

In 2022 Tropical teak wood, processed >6mm thickness were the world's 3857th most traded product (out of 4,648).

In 2022, the top exporters of Tropical teak wood, processed >6mm thickness were Papua New Guinea ($31.3M), Ecuador ($31.2M), Democratic Republic of the Congo ($16.9M), United States ($14.3M), and Fiji ($10.4M).

In 2022, the top importers of Tropical teak wood, processed >6mm thickness were China ($33.5M), United States ($23.1M), Kenya ($16.8M), Mexico ($15.6M), and India ($13.8M).

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Exporters of Tropical teak wood, processed >6mm thickness (2022)
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Importers of Tropical teak wood, processed >6mm thickness (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Fiji$3.26M
Top Destination Growth (2021 -  2022)Kuwait$3.09M

Between 2021 and 2022, the exports of Tropical teak wood, processed >6mm thickness grew the fastest in Fiji ($3.26M), Indonesia ($2.69M), Estonia ($1.8M), Guatemala ($1.79M), and Burma ($1.29M).

Between 2021 and 2022, the fastest growing importers of Tropical teak wood, processed >6mm thickness were Kuwait ($3.09M), India ($2.41M), Finland ($1.61M), Dominican Republic ($1.47M), and Thailand ($856k).

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Exporters of Tropical teak wood, processed >6mm thickness (2021 - 2022)

Importers of Tropical teak wood, processed >6mm thickness (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Tropical teak wood, processed >6mm thickness.

In 2022, market concentration measured using Shannon Entropy, was 3.97. This means that most of the exports of Tropical teak wood, processed >6mm thickness are explained by 15 countries.

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Value of Exports in Tropical teak wood, processed >6mm thickness

Net Trade

TOP NET EXPORTER (2022)Papua New Guinea$31.3M
TOP NET IMPORTER (2022)China$32.5M

This map shows which countries export or import more of Tropical teak wood, processed >6mm thickness. Each country is colored based on the difference in exports and imports of Tropical teak wood, processed >6mm thickness during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Tropical teak wood, processed >6mm thickness were Papua New Guinea ($31.3M), Ecuador ($27.9M), Democratic Republic of the Congo ($16.9M), Fiji ($10.4M), and Poland ($7.77M).

In 2022, the countries that had a largest trade value in imports than in exports of Tropical teak wood, processed >6mm thickness were China ($32.5M), Mexico ($15.3M), India ($13.7M), United States ($8.76M), and United Kingdom ($8.19M).

Net Trade (2022)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Tropical teak wood, processed >6mm thickness.
It is possible to select the main countries that export or import Tropical teak wood, processed >6mm thickness in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Tropical teak wood, processed >6mm thickness 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 (2022)

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