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440131 (Harmonized System 2012 for 6-digit)

2023
World Trade $5.76BRnk 645 / 5198
2023
Top Exporter | Top Importer $2.02B | $1.5BUnited States | United Kingdom
2023
Product Complexity 0.23Rnk 2395 / 5199
2022 - 2023
Export Growth (CAGR) -15.6%Rnk 3749 / 5198
2023
Share of World Trade 0.025%Rnk 645 / 5198

About

Overview This page contains the latest trade data of Wood: for fuel, sawdust and wood waste and scrap, whether or not agglomerated in logs, briquettes, pellets or similar forms: wood pellets. In 2023, Wood: for fuel, sawdust and wood waste and scrap, whether or not agglomerated in logs, briquettes, pellets or similar forms: wood pellets were the world's 645th most traded product, with a total trade of $5.76B. Between 2022 and 2023 the exports of Wood: for fuel, sawdust and wood waste and scrap, whether or not agglomerated in logs, briquettes, pellets or similar forms: wood pellets decreased by -15.6%, from $6.82B to $5.76B. Trade in Wood: for fuel, sawdust and wood waste and scrap, whether or not agglomerated in logs, briquettes, pellets or similar forms: wood pellets represent 0.025% of total world trade.

Wood: for fuel, sawdust and wood waste and scrap, whether or not agglomerated in logs, briquettes, pellets or similar forms: wood pellets are a part of Fuel wood, in logs, billets, twigs, faggots or similar forms; wood in....

Exports In 2023 the top exporters of Wood: for fuel, sawdust and wood waste and scrap, whether or not agglomerated in logs, briquettes, pellets or similar forms: wood pellets  were United States ($2.02B), Canada ($581M), Vietnam ($567M), Latvia ($302M), and Estonia ($287M).

Imports In 2023 the top importers of Wood: for fuel, sawdust and wood waste and scrap, whether or not agglomerated in logs, briquettes, pellets or similar forms: wood pellets were United Kingdom ($1.5B), Japan ($1.18B), Italy ($618M), Denmark ($583M), and Netherlands ($480M).

Ranking Wood: for fuel, sawdust and wood waste and scrap, whether or not agglomerated in logs, briquettes, pellets or similar forms: wood pellets ranks 2395th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Wood: for fuel, sawdust and wood waste and scrap, whether or not agglomerated in logs, briquettes, pellets or similar forms: wood pellets. 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)United States$2.02B
Top Destination (2023)United Kingdom$1.5B

In 2023 Wood: for fuel, sawdust and wood waste and scrap, whether or not agglomerated in logs, briquettes, pellets or similar forms: wood pellets were the world's 645th most traded product (out of 5,198).

In 2023, the top exporters of Wood: for fuel, sawdust and wood waste and scrap, whether or not agglomerated in logs, briquettes, pellets or similar forms: wood pellets were United States ($2.02B), Canada ($581M), Vietnam ($567M), Latvia ($302M), and Estonia ($287M).

In 2023, the top importers of Wood: for fuel, sawdust and wood waste and scrap, whether or not agglomerated in logs, briquettes, pellets or similar forms: wood pellets were United Kingdom ($1.5B), Japan ($1.18B), Italy ($618M), Denmark ($583M), and Netherlands ($480M).

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Exporters of Wood: for fuel, sawdust and wood waste and scrap, whether or not agglomerated in logs, briquettes, pellets or similar forms: wood pellets (2023)
[Click to Select a Country]

Importers of Wood: for fuel, sawdust and wood waste and scrap, whether or not agglomerated in logs, briquettes, pellets or similar forms: wood pellets (2023)
[Click to Select a Country]

Market Dynamics

Color
Top Origin Growth (2022 -  2023)United States$284M
Top Destination Growth (2022 -  2023)Japan$326M

Between 2022 and 2023, the exports of Wood: for fuel, sawdust and wood waste and scrap, whether or not agglomerated in logs, briquettes, pellets or similar forms: wood pellets grew the fastest in United States ($284M), Germany ($43M), Estonia ($39.6M), Denmark ($17.6M), and Thailand ($12.7M).

Between 2022 and 2023, the fastest growing importers of Wood: for fuel, sawdust and wood waste and scrap, whether or not agglomerated in logs, briquettes, pellets or similar forms: wood pellets were Japan ($326M), France ($46.4M), Sweden ($28.5M), Estonia ($6.32M), and Finland ($5.23M).

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Exporters of Wood: for fuel, sawdust and wood waste and scrap, whether or not agglomerated in logs, briquettes, pellets or similar forms: wood pellets (2022 - 2023)

Importers of Wood: for fuel, sawdust and wood waste and scrap, whether or not agglomerated in logs, briquettes, pellets or similar forms: wood pellets (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Wood: for fuel, sawdust and wood waste and scrap, whether or not agglomerated in logs, briquettes, pellets or similar forms: wood pellets.

In 2023, market concentration measured using Shannon Entropy, was 3.74. This means that most of the exports of Wood: for fuel, sawdust and wood waste and scrap, whether or not agglomerated in logs, briquettes, pellets or similar forms: wood pellets are explained by 13 countries.

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Value of Exports in Wood: for fuel, sawdust and wood waste and scrap, whether or not agglomerated in logs, briquettes, pellets or similar forms: wood pellets

Net Trade

TOP NET EXPORTER (2023)United States$1.97B
TOP NET IMPORTER (2023)United Kingdom$1.49B

This map shows which countries export or import more of Wood: for fuel, sawdust and wood waste and scrap, whether or not agglomerated in logs, briquettes, pellets or similar forms: wood pellets. Each country is colored based on the difference in exports and imports of Wood: for fuel, sawdust and wood waste and scrap, whether or not agglomerated in logs, briquettes, pellets or similar forms: wood pellets during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Wood: for fuel, sawdust and wood waste and scrap, whether or not agglomerated in logs, briquettes, pellets or similar forms: wood pellets were United States ($1.97B), Vietnam ($567M), Canada ($565M), Latvia ($270M), and Estonia ($268M).

In 2023, the countries that had a largest trade value in imports than in exports of Wood: for fuel, sawdust and wood waste and scrap, whether or not agglomerated in logs, briquettes, pellets or similar forms: wood pellets were United Kingdom ($1.49B), Japan ($1.18B), Italy ($614M), Denmark ($506M), and Netherlands ($433M).

Net Trade (2023)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Wood: for fuel, sawdust and wood waste and scrap, whether or not agglomerated in logs, briquettes, pellets or similar forms: wood pellets.
It is possible to select the main countries that export or import Wood: for fuel, sawdust and wood waste and scrap, whether or not agglomerated in logs, briquettes, pellets or similar forms: wood pellets in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Wood: for fuel, sawdust and wood waste and scrap, whether or not agglomerated in logs, briquettes, pellets or similar forms: wood pellets 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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