Animal and Vegetable Bi-ProductsIII (Harmonized System 1992 for Section)
2020 World Trade: $115B, Rnk 18 / 21
2020 Top Exporter | Top Importer: $25B | $12.2B, Indonesia | China
2020 Product Complexity: -0.89, Rnk 18 / 21
2019 - 2020 Export Growth (CAGR): 11.5%, Rnk 1 / 21
2018 Mean Tariff: 10.6%, Rnk 8 / 21
2020 Share of World Trade: 0.69%, Rnk 18 / 21
Overview This page contains the latest trade data of Animal and Vegetable Bi-Products. In 2020, Animal and Vegetable Bi-Products were the world's 18th most traded product, with a total trade of $115B. Between 2019 and 2020 the exports of Animal and Vegetable Bi-Products grew by 11.5%, from $103B to $115B. Trade in Animal and Vegetable Bi-Products represent 0.69% of total world trade.
Animal and Vegetable Bi-Products include Palm Oil, Soybean Oil, Seed Oils, Stearic Acid, Pure Olive Oil, Rapeseed Oil, Coconut Oil, Margarine, Other Vegetable Oils, and Other Pure Vegetable Oils, among others.
Exports In 2020 the top exporters of Animal and Vegetable Bi-Products were Indonesia ($25B), Malaysia ($16.1B), Netherlands ($6.25B), Ukraine ($5.8B), and Spain ($4.93B).
Imports In 2020 the top importers of Animal and Vegetable Bi-Products were China ($12.2B), India ($10.9B), Netherlands ($8.14B), United States ($7.47B), and Germany ($4.62B).
Tariffs In 2018 the average tariff for Animal and Vegetable Bi-Products was 10.6%, making it the 8th lowest tariff using the Section product classification.
Ranking Animal and Vegetable Bi-Products ranks 18th in the Product Complexity Index (PCI).
The following visualization shows the latest trends on Animal and Vegetable Bi-Products. Countries are shown based on data availability.
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Animal and Vegetable Bi-Products are the world's 18th most traded product.
In 2020, the top exporters of Animal and Vegetable Bi-Products were Indonesia ($25B), Malaysia ($16.1B), Netherlands ($6.25B), Ukraine ($5.8B), and Spain ($4.93B).
In 2020, the top importers of Animal and Vegetable Bi-Products were China ($12.2B), India ($10.9B), Netherlands ($8.14B), United States ($7.47B), and Germany ($4.62B).
Trade by country
Top Origin Growth (2019 - 2020): Indonesia, $2.64B
Top Destination Growth (2019 - 2020): China, $2.15B
Between 2019 and 2020, the exports of Animal and Vegetable Bi-Products grew the fastest in Indonesia ($2.64B), Malaysia ($1.74B), Ukraine ($1.02B), United States ($647M), and Netherlands ($610M).
Between 2019 and 2020, the fastest growing importers of Animal and Vegetable Bi-Products were China ($2.15B), Netherlands ($1.25B), India ($984M), Spain ($550M), and Pakistan ($511M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Animal and Vegetable Bi-Products.
In 2020, market concentration measured using Shannon Entropy, was 4.73. This means that most of the exports of Animal and Vegetable Bi-Products are explained by 26 countries.
This map shows which countries export or import more of Animal and Vegetable Bi-Products. Each country is colored based on the difference in exports and imports of Animal and Vegetable Bi-Products during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Animal and Vegetable Bi-Products were Indonesia ($24.7B), Malaysia ($13.7B), Ukraine ($5.46B), Argentina ($4.76B), and Russia ($2.5B).
In 2020, the countries that had a largest trade value in imports than in exports of Animal and Vegetable Bi-Products were China ($10.6B), India ($9.26B), United States ($3.25B), Pakistan ($2.32B), and Italy ($1.96B).
In 2020, the world most traded Animal and Vegetable Bi-Products, disaggragated by their HS6 level were Palm Oil ($34.1B), Seed Oils ($13.6B), Soybean Oil ($10.4B), Stearic Acid ($8.67B), and Rapeseed Oil ($7.91B)
This visualization shows the countries that have an important ratio of their trade related to Animal and Vegetable Bi-Products. It is possible to select the main countries that export or import Animal and Vegetable Bi-Products in the world, or by continent, as well as select the measure of interest.
The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.
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