HS Icon Bovine, Sheep, and Goat Fat

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

1502 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Bovine, Sheep, and Goat Fat. In 2020, Bovine, Sheep, and Goat Fat were the world's 782nd most traded product, with a total trade of $1.5B. Between 2019 and 2020 the exports of Bovine, Sheep, and Goat Fat grew by 13.3%, from $1.32B to $1.5B. Trade in Bovine, Sheep, and Goat Fat represent 0.0089% of total world trade.

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

Exports In 2020 the top exporters of Bovine, Sheep, and Goat Fat  were United States ($310M), Australia ($303M), Canada ($181M), France ($111M), and New Zealand ($80.5M).

Imports In 2020 the top importers of Bovine, Sheep, and Goat Fat were Singapore ($341M), United States ($199M), Mexico ($185M), Netherlands ($183M), and Belgium ($92.5M).

Ranking Bovine, Sheep, and Goat Fat ranks 736th in the Product Complexity Index (PCI).

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Y-AXIS SCALE

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

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Exporters and Importers

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Trade By Country

Top Origin (2020): United States, $310M

Top Destination (2020): Singapore, $341M

Bovine, Sheep, and Goat Fat are the world's 782nd most traded product.

In 2020, the top exporters of Bovine, Sheep, and Goat Fat were United States ($310M), Australia ($303M), Canada ($181M), France ($111M), and New Zealand ($80.5M).

In 2020, the top importers of Bovine, Sheep, and Goat Fat were Singapore ($341M), United States ($199M), Mexico ($185M), Netherlands ($183M), and Belgium ($92.5M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): Australia, $60.2M

Top Destination Growth (2019 - 2020): United States, $46.6M

Between 2019 and 2020, the exports of Bovine, Sheep, and Goat Fat grew the fastest in Australia ($60.2M), Canada ($28.5M), France ($27.2M), Argentina ($16.3M), and Germany ($14.2M).

Between 2019 and 2020, the fastest growing importers of Bovine, Sheep, and Goat Fat were United States ($46.6M), Netherlands ($44.5M), Singapore ($44.1M), Brazil ($31.9M), and Canada ($14.4M).

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Market Concentration

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Cumulative market share

Value

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

In 2020,  market concentration measured using Shannon Entropy, was 3.77. This means that most of the exports of Bovine, Sheep, and Goat Fat are explained by 13 countries.

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TOP NET EXPORTER (2020): Australia, $303M

TOP NET IMPORTER (2020): Singapore, $341M

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 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Bovine, Sheep, and Goat Fat were Australia ($303M), Canada ($143M), United States ($111M), France ($99.9M), and New Zealand ($79.8M).

In 2020, the countries that had a largest trade value in imports than in exports of Bovine, Sheep, and Goat Fat were Singapore ($341M), Netherlands ($159M), Belgium ($77.8M), China ($68.9M), and Brazil ($51.5M).

Disaggregation

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Value

In 2020, the world most traded Bovine, Sheep, and Goat Fat, disaggragated by their HS6 level were Bovine, sheep and goat fats, raw... ($1.5B)

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.

Product Complexity

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Diversification Frontier

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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.

Country by Relatedness

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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.