HS Icon Animal Products

I (Harmonized System 1992 for Section)

World Trade (2018): $371B, Rnk 13 / 21

Top Exporter (2018): $29.2B, United States

Top Importer (2018): $31.1B, United States

Product Complexity (2018): -0.64, Rnk 17 / 21

Export Growth (CAGR)(2017 - 2018): 7.14%, Rnk 18 / 21

Mean Tariff (2018): 47.8%, Rnk 1 / 21

Share of World Trade (2018): 2.02%, Rnk 13 / 21

Overview:  This page contains the latest trade data of Animal Products. In 2018, Animal Products were the world's 13th most traded product, with a total trade of $371B. Between 2017 and 2018 the exports of Animal Products grew by 7.14%, from  $346B to $371B. Trade in Animal Products represent 2.02% of total world trade.

Exports: In 2018 the top exporters of Animal Products  were United States ($29.2B), Netherlands ($25B), Germany ($23B), New Zealand ($17B), and China ($16.5B).

Imports: In 2018 the top importers of Animal Products were United States ($31.1B), China ($29.2B), Germany ($24.1B), Japan ($23.1B), and Italy ($16.9B).

Tariffs: In 2018 the average tariff for Animal Products was 47.8%, been the 1 lowest tariff using the Section product classification.

The countries with the highest import tariffs for Animal Products are Austria (2.47k%), Cyprus (92.7%), Turkey (66.6%), Barbados (40.9%), and Morocco (35.6%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and Australia (0.008%).

Ranking: Animal Products ranks 17th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $29.2B

Top Destination (2018): United States, $31.1B

Animal Products are the world's 13th most traded product.

In 2018, the top exporters of Animal Products were United States ($29.2B), Netherlands ($25B), Germany ($23B), New Zealand ($17B), and China ($16.5B).

In 2018, the top importers of Animal Products were United States ($31.1B), China ($29.2B), Germany ($24.1B), Japan ($23.1B), and Italy ($16.9B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Sweden, $1.96B

Top Destination Growth (2017 - 2018): China, $6.02B

Between 2017 and 2018, the exports of Animal Products grew the fastest in Sweden ($1.96B), Poland ($1.63B), United States ($1.23B), China ($1.09B), and United Arab Emirates ($1.09B).

Between 2017 and 2018, the fastest growing importers of Animal Products were China ($6.02B), South Korea ($1.82B), Netherlands ($1.66B), France ($1.59B), and Thailand ($1.37B).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Animal Products.

In 2018,  market concentration measured using Shannon Entropy, was 5.45. This means that most of the exports of Animal Products are explained by 43 countries.

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TOP NET EXPORTER (2018): New Zealand, $16.4B

TOP NET IMPORTER (2018): Japan, $21.1B

This map shows which countries export or import more of Animal Products. Each country is colored based on the difference in exports and imports of Animal Products during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Animal Products were New Zealand ($16.4B), Brazil ($12.8B), Australia ($12.4B), Norway ($11.1B), and India ($10.6B).

In 2018, the countries that had a largest trade value in imports than in exports of Animal Products were Japan ($21.1B), China ($12.7B), South Korea ($9.89B), Italy ($9.7B), and Hong Kong ($7.95B).

Trade Forecasts

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This section shows forecasts for total trade for Animal Products. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Animal Products was 47.8%.  The countries with the highest tariffs for importing Animal Products were Austria (2.47k%), Cyprus (92.7%), Turkey (66.6%), Barbados (40.9%), and Morocco (35.6%).

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Product Complexity

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Diversification Frontier

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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.