HS Code:
The Bamboos category, classified under HS Code 140110, includes raw bamboo materials primarily used for construction, furniture, handicrafts, and paper production. Bamboo is a fast-growing, sustainable resource, widely cultivated in tropical and subtropical regions. It plays a significant role in various industries due to its versatility, strength, and eco-friendly nature. Global trade in bamboo products is driven by demand for sustainable materials and increasing applications in modern design and manufacturing.
Total Trade Volume
USD 2.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 1.8 billion
72% of total trade of total trade
Increasing
USD 300 million
12% of total trade of total trade
Increasing
USD 150 million
6% of total trade of total trade
Stable
USD 100 million
4% of total trade of total trade
Increasing
USD 50 million
2% of total trade of total trade
Stable
Average Rate
5.2%
Highest Rate
15% (applied by certain African and Middle Eastern countries)
Lowest Rate
0% (under free trade agreements like ASEAN)
Rising demand for sustainable materials
Increased exports from bamboo-rich countries as industries shift towards eco-friendly alternatives to wood and plastic.
2021-2022
Growth in bamboo-based construction materials
Higher trade volumes in engineered bamboo products for housing and infrastructure in developed markets.
2020-2022
Technological advancements in processing
Improved quality and variety of bamboo products, boosting competitiveness in global markets.
2019-2022
China introduced new export incentives for processed bamboo products to promote value-added trade and sustainability.
March 2023
Expected to further solidify China's dominance in the global bamboo market with a projected 10% export growth in 2023.
The European Union implemented stricter sustainability and traceability requirements for bamboo imports to ensure ethical sourcing.
January 2023
Smaller exporters may face compliance challenges, while larger players with certification capabilities could gain market share.
Vietnam announced a USD 50 million investment in bamboo processing facilities to boost export capacity.
September 2022
Likely to increase Vietnam's share in the global market, challenging other exporters in the ASEAN region.