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Wood and articles of wood; wood charcoal

44 (Harmonized System 1992 for 2-digit)

2023
World Trade $149BRnk 30 / 96
2023
Top Exporter | Top Importer $14.5B | $23.9BChina | United States
2023
Product Complexity -0.74Rnk 74 / 96
2022 - 2023
Export Growth (CAGR) -21.2%Rnk 93 / 96
2023
Share of World Trade 0.66%Rnk 30 / 96

About

Overview This page contains the latest trade data of Wood, wood articles, & charcoal. In 2023, Wood, wood articles, & charcoal were the world's 30th most traded product, with a total trade of $149B. Between 2022 and 2023 the exports of Wood, wood articles, & charcoal decreased by -21.2%, from $189B to $149B. Trade in Wood, wood articles, & charcoal represent 0.66% of total world trade.

Wood, wood articles, & charcoal are a part of Wood Products. They include Sawn Wood, Rough Wood, Plywood, Wood Carpentry, Wood Fiberboard, Particle Board, Fuel Wood, Other Wood Articles, Shaped Wood, and Veneer Sheets, among others.

Exports In 2023 the top exporters of Wood, wood articles, & charcoal  were China ($14.5B), Canada ($13.6B), Germany ($10.8B), United States ($9.79B), and Poland ($5.6B).

Imports In 2023 the top importers of Wood, wood articles, & charcoal were United States ($23.9B), China ($17.1B), Japan ($9.72B), United Kingdom ($7.94B), and Germany ($7.83B).

Ranking Wood, wood articles, & charcoal ranks 74th 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, wood articles, & charcoal. 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$14.5B
Top Destination (2023)United States$23.9B

In 2023 Wood, wood articles, & charcoal were the world's 30th most traded product (out of 96).

In 2023, the top exporters of Wood, wood articles, & charcoal were China ($14.5B), Canada ($13.6B), Germany ($10.8B), United States ($9.79B), and Poland ($5.6B).

In 2023, the top importers of Wood, wood articles, & charcoal were United States ($23.9B), China ($17.1B), Japan ($9.72B), United Kingdom ($7.94B), and Germany ($7.83B).

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Exporters of Wood, wood articles, & charcoal (2023)
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Importers of Wood, wood articles, & charcoal (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Kazakhstan$100M
Top Destination Growth (2022 -  2023)Turkey$308M

Between 2022 and 2023, the exports of Wood, wood articles, & charcoal grew the fastest in Kazakhstan ($100M), Honduras ($38.2M), Nepal ($35.7M), Denmark ($21.1M), and Uganda ($20.7M).

Between 2022 and 2023, the fastest growing importers of Wood, wood articles, & charcoal were Turkey ($308M), Algeria ($90.6M), Kazakhstan ($45M), Ireland ($14.6M), and Libya ($14.6M).

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Exporters of Wood, wood articles, & charcoal (2022 - 2023)

Importers of Wood, wood articles, & charcoal (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Wood, wood articles, & charcoal.

In 2023, market concentration measured using Shannon Entropy, was 5.3. This means that most of the exports of Wood, wood articles, & charcoal are explained by 39 countries.

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Value of Exports in Wood, wood articles, & charcoal

Net Trade

TOP NET EXPORTER (2023)Canada$10.3B
TOP NET IMPORTER (2023)United States$14.1B

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

In 2023, the countries that had a largest trade value in exports than in imports of Wood, wood articles, & charcoal were Canada ($10.3B), Russia ($5.27B), Indonesia ($3.91B), Vietnam ($3.75B), and Brazil ($3.59B).

In 2023, the countries that had a largest trade value in imports than in exports of Wood, wood articles, & charcoal were United States ($14.1B), Japan ($9.32B), United Kingdom ($7.38B), Italy ($3.74B), and Netherlands ($3.29B).

Net Trade (2023)

Disaggregation

Value
Disaggregation

In 2023, the world most traded Wood, wood articles, & charcoal, disaggragated by their HS6 level were Sawn Wood ($37.2B), Wood Carpentry ($16.5B), Plywood ($15.5B), Fuel Wood ($14.3B), and Rough Wood ($13.2B)

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

Top 10 Exporters Countries of Wood, wood articles, & charcoal by percentage of total exports

Potential Exports

Potential Exports

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View
TOP EXPORT POTENTIALUnited States+ $248M
TOP IMPORT POTENTIALGermany+ $35.7M

Wood, wood articles, & charcoal’s highest export potential is United States. With an export gap of $248M.  Wood, wood articles, & charcoal’s highest import potential is Germany with an import gap of $35.7M.

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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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