2018
Exports
$683MWorld Rnk 1 / 93
Flag Rnk 45 / 1208
2022
PRODUCT COMPLEXITY IN Bovine, Sheep, and Goat Fat
-0.5Rnk 698 / 1025
2018
Imports
$124kWorld Rnk 93 / 156
Flag Rnk 1155 / 1206
2022
ECONOMIC COMPLEXITY of Australia
-0.24Rnk 78 / 133

About

Exports In 2018, Australia exported $683M in Bovine, Sheep, and Goat Fat, making it the 1st largest exporter of Bovine, Sheep, and Goat Fat in the world. At the same year, Bovine, Sheep, and Goat Fat was the 45th most exported product in Australia. The main destination of Bovine, Sheep, and Goat Fat exports from Australia are: United States ($315M), Singapore ($277M), China ($29.1M), Malaysia ($14.9M), and South Korea ($13.7M).

The fastest growing export markets for Bovine, Sheep, and Goat Fat of Australia between 2021 and 2022 were United States ($199M), Malaysia ($13.7M), and Philippines ($11.3M).

Imports In 2022, Australia imported $124k in Bovine, Sheep, and Goat Fat, becoming the 93rd largest importer of Bovine, Sheep, and Goat Fat in the world. At the same year, Bovine, Sheep, and Goat Fat was the 1155th most imported product in Australia. Australia imports Bovine, Sheep, and Goat Fat primarily from: Ireland ($74.8k), New Zealand ($35.7k), Sweden ($12.2k), and India ($1.78k).

The fastest growing import markets in Bovine, Sheep, and Goat Fat for Australia between 2021 and 2022 were New Zealand ($9.38k) and India ($906).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Bovine, Sheep, and Goat Fat. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$683M
IMPORTS (2022)$124k
NET TRADE (2022)$683M

In 2022, Australia exported $683M in Bovine, Sheep, and Goat Fat. The main destinations of Australia exports on Bovine, Sheep, and Goat Fat were United States ($315M), Singapore ($277M), China ($29.1M), Malaysia ($14.9M), and South Korea ($13.7M).

In 2022, Australia imported $124k in Bovine, Sheep, and Goat Fat, mainly from Ireland ($74.8k), New Zealand ($35.7k), Sweden ($12.2k), and India ($1.78k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Bovine, Sheep, and Goat Fat EXPORT MARKETS FOR Australia WERE (2021 - 2022):
United States$199M (170%)
Malaysia$13.7M (1.23k%)
Philippines$11.3M (1.46k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bovine, Sheep, and Goat Fat BY Australia WERE (2021 - 2022):
China-$16.6M (-36.3%)
Chinese Taipei-$3.69M (-24.5%)
Indonesia-$3.53M (-59.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Australia's main exporting competitors in Bovine, Sheep, and Goat Fat were:
In 2022, Australia's main importing competitors in Bovine, Sheep, and Goat Fat were:

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Trade Value of Bovine, Sheep, and Goat Fat by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $2.09M
TOP IMPORT POTENTIALNew Zealand+ $29.5k

Bovine, Sheep, and Goat Fat’s highest export potential is China. With an export gap of $2.09M.   Bovine, Sheep, and Goat Fat’s highest import potential is New Zealand with an import gap of $29.5k.

See methodology.

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