HS Code:
Padauk (Padouk) or Narra, classified under the genus Pterocarpus spp., refers to a group of tropical hardwood species primarily used for high-quality furniture, flooring, musical instruments, and decorative items due to their durability and distinctive reddish-brown color. These woods are sourced from regions in Africa, Asia, and Latin America. The trade of Padauk and Narra is governed by international regulations such as CITES (Convention on International Trade in Endangered Species of Wild Fauna and Flora) for certain species to prevent overexploitation and ensure sustainable harvesting. The HS Code for Padauk and Narra typically falls under 4407 (Wood sawn or chipped lengthwise) or 4403 (Wood in the rough), depending on the processing stage.
Total Trade Volume
Approximately $150 million USD
Data from 2022
Source
International Trade Centre (ITC) Trade Map, UN Comtrade Database
$40 million USD
26.7% of total trade of total trade
Increasing
$30 million USD
20.0% of total trade of total trade
Decreasing
$25 million USD
16.7% of total trade of total trade
Stable
$20 million USD
13.3% of total trade of total trade
Increasing
$15 million USD
10.0% of total trade of total trade
Stable
Average Rate
5.2% ad valorem
Highest Rate
15% (imposed by certain South Asian countries)
Lowest Rate
0% (under free trade agreements like ASEAN)
Rising demand in furniture and luxury goods markets
Increased export volumes from African countries to Europe and North America due to preference for exotic hardwoods
2021-2022
Stricter environmental regulations
Reduced supply from Southeast Asian countries like Myanmar due to logging bans and sustainability policies
2020-2022
Growth in sustainable certification
Higher prices for certified Padauk/Narra as buyers prioritize FSC (Forest Stewardship Council) certified timber
2019-2022
Pterocarpus erinaceus (African Rosewood) remains under CITES Appendix II, with stricter monitoring of trade from West African countries due to overharvesting concerns.
November 2022
Potential reduction in supply from countries like Nigeria and Ghana, driving up prices.
The European Union has increased scrutiny on timber imports, requiring more rigorous due diligence for Padauk from African origins to combat illegal logging.
March 2023
Increased compliance costs for exporters and potential delays in shipments to EU markets.
Myanmar has imposed temporary bans on the export of raw timber, including Narra, to promote domestic processing industries.
January 2023
Significant drop in raw Narra exports, redirecting trade to processed wood products.