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IX (Harmonized System 1992 for Section)

2023
World Trade $154BRnk 18 / 21
2023
Top Exporter | Top Importer $15.6B | $24.8BChina | United States
2023
Product Complexity -0.39Rnk 15 / 21
2022 - 2023
Export Growth (CAGR) -20.9%Rnk 20 / 21
2023
Share of World Trade 0.68%Rnk 18 / 21

About

Overview This page contains the latest trade data of Wood Products. In 2023, Wood Products were the world's 18th most traded product, with a total trade of $154B. Between 2022 and 2023 the exports of Wood Products decreased by -20.9%, from $194B to $154B. Trade in Wood Products represent 0.68% of total world trade.

Wood Products include Wood, wood articles, & charcoal, Straw & esparto manufactures, and Cork & cork articles.

Exports In 2023 the top exporters of Wood Products  were China ($15.6B), Canada ($13.6B), Germany ($10.8B), United States ($9.83B), and Poland ($5.67B).

Imports In 2023 the top importers of Wood Products were United States ($24.8B), China ($17.1B), Japan ($9.87B), United Kingdom ($8.14B), and Germany ($8.09B).

Ranking Wood Products ranks 15th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Wood Products. 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.

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Historical Data

Exporters and Importers

Top Origin (2023)China$15.6B
Top Destination (2023)United States$24.8B

In 2023 Wood Products were the world's 18th most traded product (out of 21).

In 2023, the top exporters of Wood Products were China ($15.6B), Canada ($13.6B), Germany ($10.8B), United States ($9.83B), and Poland ($5.67B).

In 2023, the top importers of Wood Products were United States ($24.8B), China ($17.1B), Japan ($9.87B), United Kingdom ($8.14B), and Germany ($8.09B).

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

Color
Top Origin Growth (2022 -  2023)Kazakhstan$100M
Top Destination Growth (2022 -  2023)Turkey$317M

Between 2022 and 2023, the exports of Wood Products grew the fastest in Kazakhstan ($100M), Honduras ($38.2M), Nepal ($35.7M), Denmark ($23.5M), and Uganda ($21.6M).

Between 2022 and 2023, the fastest growing importers of Wood Products were Turkey ($317M), Algeria ($91.3M), Kazakhstan ($51.2M), Libya ($17M), and Georgia ($14.8M).

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Exporters of Wood Products (2022 - 2023)

Importers of Wood Products (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 5.32. This means that most of the exports of Wood Products are explained by 40 countries.

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Value of Exports in Wood Products

Net Trade

TOP NET EXPORTER (2023)Canada$10.2B
TOP NET IMPORTER (2023)United States$15B

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

In 2023, the countries that had a largest trade value in exports than in imports of Wood Products were Canada ($10.2B), Russia ($5.24B), Vietnam ($4.02B), Indonesia ($4.01B), and Brazil ($3.57B).

In 2023, the countries that had a largest trade value in imports than in exports of Wood Products were United States ($15B), Japan ($9.46B), United Kingdom ($7.55B), Italy ($3.93B), and Netherlands ($3.35B).

Net Trade (2023)

Disaggregation

Value
Disaggregation

In 2023, the world most traded Wood Products, disaggragated by their HS6 level were Wood, wood articles, & charcoal ($149B), Straw & esparto manufactures ($2.41B), and Cork & cork articles ($2.33B)

HS6 Disaggregation for Wood Products (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 Products.
It is possible to select the main countries that export or import Wood Products in the world, or by continent, as well as select the measure of interest.

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

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $262M
TOP IMPORT POTENTIALGermany+ $36M

Wood Products’s highest export potential is United States. With an export gap of $262M.  Wood Products’s highest import potential is Germany with an import gap of $36M.

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)

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