HS Icon Pig and Poultry Fat

1501 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Pig and Poultry Fat. In 2020, Pig and Poultry Fat were the world's 942nd most traded product, with a total trade of $777M. Between 2019 and 2020 the exports of Pig and Poultry Fat grew by 57.6%, from $493M to $777M. Trade in Pig and Poultry Fat represent 0.0046% of total world trade.

Pig and Poultry Fat are a part of Animal or vegetable fats and oils and their cleavage products. They include Lard, other pig fat and poultry fat, rendered.

Exports In 2020 the top exporters of Pig and Poultry Fat  were United States ($299M), Germany ($104M), France ($92.8M), Belgium ($35.2M), and Italy ($34.1M).

Imports In 2020 the top importers of Pig and Poultry Fat were Netherlands ($214M), Singapore ($187M), Spain ($64.1M), United Kingdom ($59.1M), and France ($32.7M).

Tariffs In 2018 the average tariff for Pig and Poultry Fat was 13.4%, making it the 246th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Pig and Poultry Fat are Norway (131%), Switzerland (75.1%), Liechtenstein (75.1%), and Oman (67%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Singapore (0%), and Switzerland (0%).

Ranking Pig and Poultry Fat ranks 280th in the Product Complexity Index (PCI).

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Y-AXIS SCALE

The following visualization shows the latest trends on Pig and Poultry 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, $299M

Top Destination (2020): Netherlands, $214M

Pig and Poultry Fat are the world's 942nd most traded product.

In 2020, the top exporters of Pig and Poultry Fat were United States ($299M), Germany ($104M), France ($92.8M), Belgium ($35.2M), and Italy ($34.1M).

In 2020, the top importers of Pig and Poultry Fat were Netherlands ($214M), Singapore ($187M), Spain ($64.1M), United Kingdom ($59.1M), and France ($32.7M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): United States, $197M

Top Destination Growth (2019 - 2020): Singapore, $187M

Between 2019 and 2020, the exports of Pig and Poultry Fat grew the fastest in United States ($197M), Germany ($52.5M), France ($14.9M), United Kingdom ($11.9M), and Belgium ($9.56M).

Between 2019 and 2020, the fastest growing importers of Pig and Poultry Fat were Singapore ($187M), Netherlands ($66.3M), United Kingdom ($13.7M), Spain ($12.9M), and France ($4.44M).

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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 Pig and Poultry Fat.

In 2020,  market concentration measured using Shannon Entropy, was 3.3. This means that most of the exports of Pig and Poultry Fat are explained by 9 countries.

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TOP NET EXPORTER (2020): United States, $280M

TOP NET IMPORTER (2020): Netherlands, $190M

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

In 2020, the countries that had a largest trade value in exports than in imports of Pig and Poultry Fat were United States ($280M), Germany ($86.1M), France ($60.1M), Belgium ($23.7M), and Sweden ($20.1M).

In 2020, the countries that had a largest trade value in imports than in exports of Pig and Poultry Fat were Netherlands ($190M), Singapore ($187M), Spain ($45.2M), United Kingdom ($32.4M), and Mexico ($18.8M).

Disaggregation

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Value

In 2019, the world most traded Pig and Poultry Fat, disaggragated by their HS6 level were Lard, other pig fat and poultry... ($777M)

Country Comparison

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Ranking

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

Import Tariffs

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In 2018, the average tariff for importing Pig and Poultry Fat was 13.4%. The countries with the highest tariffs for importing Pig and Poultry Fat were Norway (131%), Switzerland (75.1%), Liechtenstein (75.1%), and Oman (67%).

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 Pig and Poultry Fat to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.