Wood and wood products in international trade and business.

Wood and wood’s Products are between the 10 most traded products of the world, with a total trade of 150 Billion USD for wood and 144 Billion Usd for wood products. Between 2017 and 2019 the exports of Wood Products grew more than 20% and this market is expanding every year regardless of other trends that changed by market interact to new barriers like global pandemics Covid-19.

The top exporters of Wood Products are China, Canada, Germany, Russia, and the United States. while the top importers of Wood Products are the United States, China, Japan, Germany, and the United Kingdom.

wood Tariffs on average are 8.35%, which makes wood to have the 12 lowest tariffs between classified goods. The countries with the highest import tariffs for Wood are Zambia (35.1%), Sudan (30.4%), Cameroon (29.1%), Gabon (28.7%), and Chad (28.5%). The countries with the lowest tariffs are Hong Kong (0%), Singapore (0%), Switzerland (0%), Norway (0%), and Canada (0.61%).