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440121 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.23BRnk 1879 / 4644
2023
Top Exporter | Top Importer $416M | $411MUnited States | Japan
2023
Product Complexity 0.41Rnk 1827 / 4656
2022 - 2023
Export Growth (CAGR) -6.91%Rnk 2337 / 4644
2023
Share of World Trade 0.0054%Rnk 1879 / 4644

About

Overview This page contains the latest trade data of Wood in chips, coniferous. In 2023, Wood in chips, coniferous were the world's 1879th most traded product, with a total trade of $1.23B. Between 2022 and 2023 the exports of Wood in chips, coniferous decreased by -6.91%, from $1.32B to $1.23B. Trade in Wood in chips, coniferous represent 0.0054% of total world trade.

Wood in chips, coniferous are a part of Fuel Wood.

Exports In 2023 the top exporters of Wood in chips, coniferous  were United States ($416M), Australia ($190M), Germany ($107M), Latvia ($101M), and Estonia ($49.4M).

Imports In 2023 the top importers of Wood in chips, coniferous were Japan ($411M), Sweden ($97.2M), Turkey ($93.3M), China ($86.8M), and Canada ($81.9M).

Ranking Wood in chips, coniferous ranks 1827th in the Product Complexity Index (PCI).

Description There are many uses of wood. Wood can be used for anything from a fireplace, to tables, to furniture, to a deck. Wood is used in many places because it is a good insulator and is strong.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Wood in chips, coniferous. 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$416M
Top Destination (2023)Japan$411M

In 2023 Wood in chips, coniferous were the world's 1879th most traded product (out of 4,644).

In 2023, the top exporters of Wood in chips, coniferous were United States ($416M), Australia ($190M), Germany ($107M), Latvia ($101M), and Estonia ($49.4M).

In 2023, the top importers of Wood in chips, coniferous were Japan ($411M), Sweden ($97.2M), Turkey ($93.3M), China ($86.8M), and Canada ($81.9M).

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Exporters of Wood in chips, coniferous (2023)
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Importers of Wood in chips, coniferous (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United States$35.7M
Top Destination Growth (2022 -  2023)Turkey$50.8M

Between 2022 and 2023, the exports of Wood in chips, coniferous grew the fastest in United States ($35.7M), Finland ($11.5M), Norway ($6.39M), Ireland ($6.23M), and France ($5.21M).

Between 2022 and 2023, the fastest growing importers of Wood in chips, coniferous were Turkey ($50.8M), Canada ($28.4M), Japan ($16M), Sweden ($8.19M), and Indonesia ($4.9M).

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Exporters of Wood in chips, coniferous (2022 - 2023)

Importers of Wood in chips, coniferous (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Wood in chips, coniferous.

In 2023, market concentration measured using Shannon Entropy, was 3.65. This means that most of the exports of Wood in chips, coniferous are explained by 12 countries.

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Value of Exports in Wood in chips, coniferous

Net Trade

TOP NET EXPORTER (2023)United States$411M
TOP NET IMPORTER (2023)Japan$411M

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

In 2023, the countries that had a largest trade value in exports than in imports of Wood in chips, coniferous were United States ($411M), Australia ($190M), Latvia ($96.1M), Germany ($83.7M), and Estonia ($48M).

In 2023, the countries that had a largest trade value in imports than in exports of Wood in chips, coniferous were Japan ($411M), Turkey ($93.3M), China ($86.2M), Sweden ($76.6M), and Canada ($75M).

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 Wood in chips, coniferous.
It is possible to select the main countries that export or import Wood in chips, coniferous in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Wood in chips, coniferous 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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