HS Code:
The 'In the rough, 4 meters or more in length' category (specific HS Code to be provided by user) typically includes raw or minimally processed materials such as timber, poles, or other natural products that are unworked and exceed 4 meters in length. This category is crucial for industries like construction, furniture manufacturing, and paper production, where raw materials are transformed into finished goods. Global trade in this category is influenced by factors such as deforestation regulations, sustainability certifications, and regional availability of resources.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 3.2 billion
25.6% of total trade of total trade
Increasing
USD 2.8 billion
22.4% of total trade of total trade
Stable
USD 1.9 billion
15.2% of total trade of total trade
Increasing
USD 1.1 billion
8.8% of total trade of total trade
Stable
USD 0.9 billion
7.2% of total trade of total trade
Decreasing
Average Rate
5.2%
Highest Rate
15% (imposed by certain developing economies to protect local industries)
Lowest Rate
0% (under free trade agreements like NAFTA/USMCA and EU agreements)
Rising demand for sustainable materials
Increased trade in certified timber and related products, pushing exporters to adopt eco-friendly practices
2021-2022
Shift toward processed goods
Decline in raw material exports as countries invest in domestic processing capabilities
2020-2022
Impact of geopolitical tensions
Trade disruptions due to sanctions on major exporters like Russia, leading to supply chain shifts
2022
The EU introduced strict regulations requiring proof of deforestation-free supply chains for timber imports, affecting exporters worldwide.
June 2023
Increased compliance costs for exporters but potential long-term benefits for sustainable producers
Sanctions on Russian timber exports have led to supply shortages in Europe, driving up prices and redirecting trade to North American suppliers.
March 2022
Significant shift in trade patterns, benefiting exporters like Canada and the US
Brazil tightened export controls on raw timber to combat illegal logging and promote local processing industries.
January 2023
Reduced export volumes, creating opportunities for other Latin American countries