# Cork (HS2 45) Sector Trade Overview | Yugalinks

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Cork at HS2 45, with reported global trade through 2024.

Canonical: https://www.yugalinks.com/trade/sector/hs2/45

## Answer

The cork sector recorded $2.1B in reported global trade in 2024, with -14.9% annual change.

## Key figures

| Measure | Value |
| --- | --- |
| Latest reported trade | $2.1B |
| Latest annual change | -14.9% |
| Active exporters | 145 |
| Active importers | 196 |
| Active HS6 products | 7 |

## Annual trend

| Year | Global trade | Corridors | HS6 products |
| --- | ---: | ---: | ---: |
| 1995 | $1.0B | 1,972 | 7 |
| 1996 | $1.1B | 1,905 | 7 |
| 1997 | $1.1B | 2,025 | 7 |
| 1998 | $1.3B | 2,116 | 7 |
| 1999 | $1.3B | 2,320 | 7 |
| 2000 | $1.5B | 2,718 | 7 |
| 2001 | $1.4B | 2,743 | 7 |
| 2002 | $1.4B | 2,763 | 7 |
| 2003 | $1.7B | 2,849 | 7 |
| 2004 | $1.9B | 3,142 | 7 |
| 2005 | $1.8B | 3,261 | 7 |
| 2006 | $1.8B | 3,227 | 7 |
| 2007 | $2.0B | 3,252 | 7 |
| 2008 | $2.0B | 3,278 | 7 |
| 2009 | $1.6B | 3,462 | 7 |
| 2010 | $1.7B | 3,240 | 7 |
| 2011 | $1.9B | 3,446 | 7 |
| 2012 | $1.7B | 3,525 | 7 |
| 2013 | $1.8B | 3,653 | 7 |
| 2014 | $1.8B | 3,798 | 7 |
| 2015 | $1.6B | 3,834 | 7 |
| 2016 | $1.7B | 3,884 | 7 |
| 2017 | $1.8B | 3,838 | 7 |
| 2018 | $2.1B | 3,872 | 7 |
| 2019 | $2.0B | 3,933 | 7 |
| 2020 | $1.9B | 3,855 | 7 |
| 2021 | $2.2B | 3,965 | 7 |
| 2022 | $2.3B | 3,966 | 7 |
| 2023 | $2.4B | 3,996 | 7 |
| 2024 | $2.1B | 3,956 | 7 |

## Growth and market structure

- Trend: Stable
- Three-year CAGR: -1.6%
- Five-year CAGR: +1.2%
- Historical peak: $2.4B in 2,023
- Positive-growth years: 69%
- Exporter concentration HHI: 3,576.2
- Importer concentration HHI: 1,992.1
- Trade volatility coefficient: 0.2

## Leading corridors

| Rank | Exporter | Importer | Trade value | Growth | HS6 products | Distance | FTA |
| ---: | --- | --- | ---: | ---: | ---: | ---: | --- |
| 1 | Portugal | France | $212.1M | -0.9% | 7 | 1,454 km | Yes |
| 2 | Portugal | USA, Puerto Rico and US Virgin Islands | $201.2M | -4.9% | 7 | 5,435 km | No |
| 3 | Portugal | Spain | $183.7M | +0.4% | 7 | 504 km | Yes |
| 4 | Spain | Portugal | $179.4M | -0.8% | 7 | 504 km | Yes |
| 5 | Portugal | Italy | $132.3M | +1.9% | 7 | 1,866 km | Yes |
| 6 | Spain | France | $93.9M | -9% | 7 | 1,053 km | Yes |
| 7 | Portugal | Germany | $75.6M | -9.1% | 7 | 2,316 km | Yes |
| 8 | Portugal | United Kingdom | $47.8M | +4% | 7 | 1,586 km | Yes |
| 9 | Portugal | Mexico | $45.8M | +3.5% | 6 | 8,686 km | Yes |
| 10 | Spain | Italy | $41.9M | +5.2% | 7 | 1,366 km | Yes |

## Leading exporters

| Rank | Country | Exports | Partners | HS6 products |
| ---: | --- | ---: | ---: | ---: |
| 1 | Portugal | $1.2B | 139 | 7 |
| 2 | Spain | $403.4M | 113 | 7 |
| 3 | France | $136.5M | 135 | 7 |
| 4 | China | $76.8M | 158 | 7 |
| 5 | Italy | $57.3M | 112 | 7 |
| 6 | Germany | $37.0M | 134 | 7 |
| 7 | USA, Puerto Rico and US Virgin Islands | $31.9M | 130 | 7 |
| 8 | United Arab Emirates | $27.1M | 105 | 7 |
| 9 | Morocco | $19.0M | 7 | 7 |
| 10 | Poland | $16.5M | 86 | 7 |

## Leading importers

| Rank | Country | Imports | Partners | HS6 products |
| ---: | --- | ---: | ---: | ---: |
| 1 | France | $334.4M | 72 | 7 |
| 2 | USA, Puerto Rico and US Virgin Islands | $281.9M | 64 | 7 |
| 3 | Portugal | $228.3M | 58 | 7 |
| 4 | Spain | $218.5M | 54 | 7 |
| 5 | Italy | $213.4M | 49 | 7 |
| 6 | Germany | $100.3M | 59 | 7 |
| 7 | Saudi Arabia | $66.3M | 64 | 7 |
| 8 | Mexico | $65.8M | 33 | 7 |
| 9 | United Kingdom | $59.5M | 48 | 7 |
| 10 | Chile | $37.6M | 32 | 7 |

## HS6 products

- Cork: natural cork, raw or simply prepared (HS6 450110)
- Cork: waste cork, crushed, granulated or ground cork (HS6 450190)
- Cork: natural cork, debacked or roughly squared, or in rectangular (including square) blocks, plates, sheets or strip, (including sharp-edged blanks for corks or stoppers) (HS6 450200)
- Cork: corks and stoppers, of natural cork (HS6 450310)
- Cork: articles of natural cork other than corks and stoppers (HS6 450390)
- Cork: blocks, plates, sheets and strip, tiles of any shape, solid cylinders (including discs), of agglomerated cork (with or without a binding substance) (HS6 450410)
- Cork: articles of agglomerated cork (with or without a binding substance), n.e.s. in heading no. 4504 (HS6 450490)

## Definitions and coverage

Merchandise trade observations aggregated to HS2. Growth, concentration, volatility, and peak comparisons calculated from reported observations. Missing values remain unavailable and are not imputed.

Reported observations cover 1995-2024. The data release was refreshed 2026-07-20 09:34:08.

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## Data sources

- Primary trade series: OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-27). [OECD Data Explorer](https://data-explorer.oecd.org/) · [OECD Terms & Conditions](https://www.oecd.org/termsandconditions/)
- CEPII BACI bilateral trade flows (202601): [dataset page](https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37) · [BACI documentation](https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html) · [Etalab 2.0 Open Licence](https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf)

This page presents derived Yugalinks views of reported observations and calculated indicators.