45 - Cork and articles of cork (HS 45)
- Global exports of Cork and articles of cork reached $2.0B in 2024.
- Total world imports for the same period were $2.1B.
- Portugal dominates the export market, shipping $1.2B, which accounts for 59.3% of the global total.
- France is the largest importer, receiving $311.6M or 14.6% of global imports.
- Spain is the second-largest exporter with shipments valued at $387.2M.
- The United States is the second-largest importer, with imports of $294.8M.
Global Market for Cork and Articles of Cork
The international market for Cork and articles of cork (HS2 45) saw a total export value of $2.0B in 2024. This trade is highly concentrated, with a few key countries leading production and export. The leading exporter, Portugal, shipped goods worth $1.2B, single-handedly representing 59.3% of the market. Following Portugal are Spain and France, with significant contributions to the global supply.
Top Importers and Exporters
In 2024, the export market for Cork and articles of cork was led by Portugal ($1.2B), Spain ($387.2M), and France ($101.3M). On the import side, the top destinations for these products were France, which imported $311.6M, the United States with $294.8M in imports, and Italy with $248.7M. The trade flows highlight a strong European concentration with significant demand from North America.
- Portugal is the top exporter (59.3% of reported exports).
- France is the top importer (14.6% of reported imports).
- Top 3 exporter concentration: 83.5%.
- Top 5 exporter concentration: 88.4%.
Cork and articles of cork - product groups (4-digit) by top countries (Exports), 2024 (USD)
Cork and articles of cork - country rank by trade value (Exports), 2015-2024 (USD)
Global export trend
Cork and articles of cork - exports over time (Exports), 2015-2024 (USD)
HS4 drilldown
Cork and articles of cork - top 4-digit product groups by export share (Exports), 2024 (USD)
| HS4 | Subcategory | Value | Share |
|---|---|---|---|
| 4504 | Agglomerated cork (with or with… | $1.12B | 55.4% |
| 4503 | Cork; articles of natural cork | $561.60M | 27.8% |
| 4501 | Natural cork, raw or simply pre… | $298.48M | 14.8% |
| 4502 | Natural cork, debacked or rough… | $36.42M | 1.8% |
| HS4 | Subcategory | CAGR | 2024 value |
|---|---|---|---|
| 4501 | Natural cork, raw or simply pre… | 3.7% | $298.48M |
| 4504 | Agglomerated cork (with or with… | 3.0% | $1.12B |
| 4502 | Natural cork, debacked or rough… | -2.1% | $36.42M |
| 4503 | Cork; articles of natural cork | -4.2% | $561.60M |
Cork and articles of cork - top 4-digit product groups by import share (Imports), 2024 (USD)
| HS4 | Subcategory | Value | Share |
|---|---|---|---|
| 4504 | Agglomerated cork (with or with… | $1.11B | 52.1% |
| 4503 | Cork; articles of natural cork | $603.13M | 28.2% |
| 4501 | Natural cork, raw or simply pre… | $359.77M | 16.8% |
| 4502 | Natural cork, debacked or rough… | $36.86M | 1.7% |
| HS4 | Subcategory | CAGR | 2024 value |
|---|---|---|---|
| 4504 | Agglomerated cork (with or with… | 4.3% | $1.11B |
| 4501 | Natural cork, raw or simply pre… | 1.9% | $359.77M |
| 4502 | Natural cork, debacked or rough… | -2.6% | $36.86M |
| 4503 | Cork; articles of natural cork | -3.2% | $603.13M |
Explore country profiles
Top trade routes
| Exporter | Importer | Value | Share of exports |
|---|---|---|---|
| Portugal (PRT) | France (FRA) | $233.38M | 11.6% |
| Portugal (PRT) | Spain (ESP) | $203.71M | 10.1% |
| Portugal (PRT) | USA (USA) | $194.22M | 9.6% |
| Spain (ESP) | Portugal (PRT) | $160.93M | 8.0% |
| Portugal (PRT) | Italy (ITA) | $132.06M | 6.5% |
| Spain (ESP) | France (FRA) | $107.63M | 5.3% |
| Portugal (PRT) | Germany (DEU) | $78.24M | 3.9% |
| Portugal (PRT) | United Kingdom (GBR) | $46.60M | 2.3% |
| Portugal (PRT) | Mexico (MEX) | $43.38M | 2.2% |
| Spain (ESP) | Italy (ITA) | $36.49M | 1.8% |
| Spain (ESP) | USA (USA) | $30.66M | 1.5% |
| Spain (ESP) | Chile (CHL) | $24.61M | 1.2% |
| Chile (CHL) | Argentina (ARG) | $23.13M | 1.1% |
| Portugal (PRT) | China (CHN) | $22.13M | 1.1% |
| France (FRA) | Italy (ITA) | $21.60M | 1.1% |