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Wood marquetry and inlaid wood; caskets and cases for jewellery or cutlery, and similar articles of wood; statuettes and other ornaments of wood; wooden articles of furniture not falling in chapter 94

4420 (Harmonized System 1992 for 4-digit)

2023
World Trade $2.07BRnk 754 / 1217
2023
Top Exporter | Top Importer $1.2B | $677MChina | United States
2023
Product Complexity -0.67Rnk 762 / 1044
2022 - 2023
Export Growth (CAGR) -20.4%Rnk 1046 / 1217
2023
Share of World Trade 0.0092%Rnk 754 / 1217

About

Overview This page contains the latest trade data of Wood Ornaments. In 2023, Wood Ornaments were the world's 754th most traded product, with a total trade of $2.07B. Between 2022 and 2023 the exports of Wood Ornaments decreased by -20.4%, from $2.61B to $2.07B. Trade in Wood Ornaments represent 0.0092% of total world trade.

Wood Ornaments are a part of Wood, wood articles, & charcoal. They include Wood marquetry, laid; caskets & cases for jewels, etc and Statuettes and other ornaments of wood.

Exports In 2023 the top exporters of Wood Ornaments  were China ($1.2B), India ($104M), Indonesia ($65.4M), Thailand ($63.3M), and Germany ($61.4M).

Imports In 2023 the top importers of Wood Ornaments were United States ($677M), Germany ($179M), France ($136M), Netherlands ($117M), and Japan ($97.3M).

Ranking Wood Ornaments ranks 762nd in the Product Complexity Index (PCI).

Description Wood marquetry is a type of wood inlay that uses different pieces of veneer to create a picture or design. Inlaid wood is often used to decorate the sides of furniture, such as the inside of drawers or the back panel of cabinets.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Wood Ornaments. 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)China$1.2B
Top Destination (2023)United States$677M

In 2023 Wood Ornaments were the world's 754th most traded product (out of 1,217).

In 2023, the top exporters of Wood Ornaments were China ($1.2B), India ($104M), Indonesia ($65.4M), Thailand ($63.3M), and Germany ($61.4M).

In 2023, the top importers of Wood Ornaments were United States ($677M), Germany ($179M), France ($136M), Netherlands ($117M), and Japan ($97.3M).

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Exporters of Wood Ornaments (2023)
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Importers of Wood Ornaments (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)France$9.91M
Top Destination Growth (2022 -  2023)Hong Kong$10.7M

Between 2022 and 2023, the exports of Wood Ornaments grew the fastest in France ($9.91M), Thailand ($8.43M), Netherlands ($4.22M), Morocco ($4.14M), and Italy ($1.98M).

Between 2022 and 2023, the fastest growing importers of Wood Ornaments were Hong Kong ($10.7M), Singapore ($3.16M), Kazakhstan ($2.15M), Azerbaijan ($2.03M), and Cuba ($1.82M).

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Exporters of Wood Ornaments (2022 - 2023)

Importers of Wood Ornaments (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Wood Ornaments.

In 2023, market concentration measured using Shannon Entropy, was 3.05. This means that most of the exports of Wood Ornaments are explained by 8 countries.

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Value of Exports in Wood Ornaments

Net Trade

TOP NET EXPORTER (2023)China$1.17B
TOP NET IMPORTER (2023)United States$659M

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

In 2023, the countries that had a largest trade value in exports than in imports of Wood Ornaments were China ($1.17B), India ($99.5M), Indonesia ($64.3M), Thailand ($59.5M), and Vietnam ($57.9M).

In 2023, the countries that had a largest trade value in imports than in exports of Wood Ornaments were United States ($659M), Germany ($117M), Japan ($88.6M), France ($83.5M), and United Kingdom ($69.6M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Wood Ornaments, disaggragated by their HS6 level were Wood marquetry, laid; caskets & cases... ($1.16B) and Statuettes and other ornaments of wood ($916M)

HS6 Disaggregation for Wood Ornaments (2023)
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Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Wood Ornaments by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALJapan+ $7.23M
TOP IMPORT POTENTIALIndia+ $2.93M

Wood Ornaments’s highest export potential is Japan. With an export gap of $7.23M.  Wood Ornaments’s highest import potential is India with an import gap of $2.93M.

See methodology.

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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)

Related Products

This visualization shows products that are likely to be exported by countries that export Wood Ornaments.

Country by Relatedness

The following visualization shows the relatedness of Wood Ornaments to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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