Fats of bovine animals, sheep or goats, other than those of heading 1503

1502 (Harmonized System 1992 for 4-digit)

About

Overview This page contains the latest trade data of Bovine, Sheep, and Goat Fat. In 2021, Bovine, Sheep, and Goat Fat were the world's 712th most traded product, with a total trade of $2.44B. Between 2020 and 2021 the exports of Bovine, Sheep, and Goat Fat grew by 63.1%, from $1.5B to $2.44B. Trade in Bovine, Sheep, and Goat Fat represent 0.012% of total world trade.

Bovine, Sheep, and Goat Fat are a part of Animal or vegetable fats, oils, & waxes. They include Bovine, sheep and goat fats, raw or rendered.

Exports In 2021 the top exporters of Bovine, Sheep, and Goat Fat  were United States ($567M), Australia ($466M), Canada ($301M), New Zealand ($201M), and France ($167M).

Imports In 2021 the top importers of Bovine, Sheep, and Goat Fat were Singapore ($635M), United States ($464M), Mexico ($251M), Netherlands ($204M), and Belgium ($140M).

Ranking Bovine, Sheep, and Goat Fat ranks 691st in the Product Complexity Index (PCI).

Latest Data

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The following visualization shows the latest trends on Bovine, Sheep, and Goat Fat. 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.

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Historical Data

Exporters and Importers

Top Origin (2021)United States$567M
Top Destination (2021)Singapore$635M

In 2021 Bovine, Sheep, and Goat Fat were the world's 712th most traded product (out of 1,217).

In 2021, the top exporters of Bovine, Sheep, and Goat Fat were United States ($567M), Australia ($466M), Canada ($301M), New Zealand ($201M), and France ($167M).

In 2021, the top importers of Bovine, Sheep, and Goat Fat were Singapore ($635M), United States ($464M), Mexico ($251M), Netherlands ($204M), and Belgium ($140M).

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Exporters of Bovine, Sheep, and Goat Fat (2021)
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Importers of Bovine, Sheep, and Goat Fat (2021)
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Market Dynamics

Color
Top Origin Growth (2020 -  2021)United States$258M
Top Destination Growth (2020 -  2021)Singapore$294M

Between 2020 and 2021, the exports of Bovine, Sheep, and Goat Fat grew the fastest in United States ($258M), Australia ($162M), New Zealand ($120M), Canada ($120M), and France ($56.1M).

Between 2020 and 2021, the fastest growing importers of Bovine, Sheep, and Goat Fat were Singapore ($294M), United States ($265M), Mexico ($66.7M), Belgium ($47.4M), and Canada ($43.6M).

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Exporters of Bovine, Sheep, and Goat Fat (2020 - 2021)

Importers of Bovine, Sheep, and Goat Fat (2020 - 2021)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Bovine, Sheep, and Goat Fat.

In 2021, market concentration measured using Shannon Entropy, was 3.72. This means that most of the exports of Bovine, Sheep, and Goat Fat are explained by 13 countries.

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Value of Exports in Bovine, Sheep, and Goat Fat

Net Trade

TOP NET EXPORTER (2021)Australia$465M
TOP NET IMPORTER (2021)Singapore$635M

This map shows which countries export or import more of Bovine, Sheep, and Goat Fat. Each country is colored based on the difference in exports and imports of Bovine, Sheep, and Goat Fat during 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Bovine, Sheep, and Goat Fat were Australia ($465M), Canada ($219M), New Zealand ($200M), France ($156M), and United States ($103M).

In 2021, the countries that had a largest trade value in imports than in exports of Bovine, Sheep, and Goat Fat were Singapore ($635M), Netherlands ($168M), Belgium ($115M), China ($106M), and Spain ($69.4M).

Net Trade (2021)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Bovine, Sheep, and Goat Fat.
It is possible to select the main countries that export or import Bovine, Sheep, and Goat Fat in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Bovine, Sheep, and Goat Fat by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

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.

Relatedness vs Country Complexity (2021)

Country by Relatedness

The following visualization shows the relatedness of Bovine, Sheep, and Goat Fat to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2021)

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