Wednesday, August 25, 2021

List Of Top 5 Countries Export Firewood To USA

Firewood is a basic need for cold countries, like the USA, Canada, etc. In 2019, firewood was the world’s 305th most traded product. It represents a share of 0.059% of total world trade. As of 2019, Canada, China and Brazil were the leading firewood exporters in the global market.

firewood

From 2018 to 2019, there has been a growth of 4.79% from $10.3 Billion to $10.8 Billion in firewood exports worldwide. In 2019, the United States imported firewood worth $136 Million, which covered 52.9% of firewood imports in North America. However, the USA has imported 38.25% of its wood products from Canada itself.

In this article, you will learn about the top five countries that export firewood to the USA.

Top 5 Countries That Supply Firewood To The US

Following is a list of the top 5 firewood suppliers and the worth of firewood imported to the USA in 2019.

1. Canada - $18.10 Million
2. China- $9.44 Million
3. Brazil- $2.97 Million
4. Mexico - $2.15 Million
5. Germany- $1.67 Million

As seen in the above data, Canada is the leading firewood supplier for the USA.

Significance Of Global Firewood Trade

Trading goods and services play a crucial role in the economic development of a country and have been doing so for centuries now. It can significantly alleviate the poverty of the country in a positive direction.

Trading can provide jobs, reduce costs, increase the variety of products for consumers, and enable the countries to meet with new technologies. For example, the top exporter of Firewood is Vietnam ($2.05 Billion), and the leading importer is Japan ($2.11 Billion).

Both countries have experienced a massive boost in jobs and per capita income because of the firewood export and import.

What's The Importance Of International Trade Data?


Trade data helps an exporter understand which product is in trend in the global market and can be sold by them. By reading the import and export data of a similar product, one would be able to identify the profit margin and lower the market risks.

International trade data allows an importer to understand the market in-depth and whether the product that they wish to import will meet the demands of their consumers or not. Therefore, it is highly recommended that import/export businesses refer to accurate trade data to ensure the success of their business.

For example, analysing trade data reveals that in 2019, the leading importers of firewood worldwide were Japan, China, United Kingdom, Italy and Denmark. And the leading firewood exporter across the globe was Vietnam, followed by the United States, Australia, Latvia and Canada.

When compared to 2017, the USA had imported 41% of its firewood from Canada. However, that number has become relatively small over the past year. Gaining these insights can help importers and exporters set themselves up for success.
 

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