HS Icon Lard stearin and oils

Lard stearin, lard oil, oleostearin, oleo-oil and tallow oil; not emulsified or mixed or otherwise prepared

1503 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Lard stearin and oils. In 2020, Lard stearin and oils were the world's 1198th most traded product, with a total trade of $37.6M. Between 2019 and 2020 the exports of Lard stearin and oils grew by 23.7%, from $30.4M to $37.6M. Trade in Lard stearin and oils represent 0.00022% of total world trade.

Lard stearin and oils include Lard stearin, oleostearin & oils, natural tallow oil.

Exports In 2020 the top exporters of Lard stearin and oils  were United Kingdom ($12M), United States ($8.46M), Netherlands ($2.9M), France ($2.82M), and Ireland ($2.27M).

Imports In 2020 the top importers of Lard stearin and oils were Mexico ($6.51M), Ireland ($6.13M), Netherlands ($5.17M), Germany ($4.97M), and Belgium ($3.1M).

Tariffs In 2018 the average tariff for Lard stearin and oils was 9.43%, making it the 452nd lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Lard stearin and oils are Switzerland (103%), Liechtenstein (103%), Saudi Arabia (91.5%), Oman (51.5%), and Maldives (48.7%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and Norway (0%).

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Lard stearin and oils. 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 Kingdom, $12M

Top Destination (2020): Mexico, $6.51M

Lard stearin and oils are the world's 1198th most traded product.

In 2020, the top exporters of Lard stearin and oils were United Kingdom ($12M), United States ($8.46M), Netherlands ($2.9M), France ($2.82M), and Ireland ($2.27M).

In 2020, the top importers of Lard stearin and oils were Mexico ($6.51M), Ireland ($6.13M), Netherlands ($5.17M), Germany ($4.97M), and Belgium ($3.1M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): United Kingdom, $6.9M

Top Destination Growth (2019 - 2020): Mexico, $3.57M

Between 2019 and 2020, the exports of Lard stearin and oils grew the fastest in United Kingdom ($6.9M), United States ($1.92M), Belgium ($1.12M), Germany ($936k), and South Korea ($253k).

Between 2019 and 2020, the fastest growing importers of Lard stearin and oils were Mexico ($3.57M), Netherlands ($3.03M), Belgium ($2.49M), Ireland ($2.19M), and Italy ($1.04M).

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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 Lard stearin and oils.

In 2020,  market concentration measured using Shannon Entropy, was 3.17. This means that most of the exports of Lard stearin and oils are explained by 9 countries.

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TOP NET EXPORTER (2020): United Kingdom, $10.7M

TOP NET IMPORTER (2020): Ireland, $3.86M

This map shows which countries export or import more of Lard stearin and oils. Each country is colored based on the difference in exports and imports of Lard stearin and oils during 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Lard stearin and oils were United Kingdom ($10.7M), United States ($8.45M), France ($2.08M), South Korea ($801k), and Sweden ($539k).

In 2020, the countries that had a largest trade value in imports than in exports of Lard stearin and oils were Ireland ($3.86M), Germany ($3.11M), Italy ($2.63M), Netherlands ($2.26M), and Japan ($922k).

Disaggregation

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Value

In 2020, the world most traded Lard stearin and oils, disaggragated by their HS6 level were Lard stearin, oleostearin & oils, natural... ($37.6M)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Lard stearin and oils.
It is possible to select the main countries that export or import Lard stearin and oils 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 Lard stearin and oils to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.