HS Icon Bovine

0102 (Harmonized System 1992 for 4-digit)

World Trade (2018): $9.62B, Rnk 335 / 1225

Top Exporter (2018): $1.79B, France

Top Importer (2018): $1.59B, United States

Product Complexity (2018): -0.35, Rnk 651 / 1018

Export Growth (CAGR)(2017 - 2018): 16.9%, Rnk 437 / 1225

Mean Tariff (2018): 11.6%, Rnk 335 / 1259

Share of World Trade (2018): 0.052%, Rnk 335 / 1225

Overview: In 2018, Bovine were the world's 335th most traded product, with a total trade of $9.62B. Between 2017 and 2018 the exports of Bovine grew by 16.9%, from  $8.23B to $9.62B. Trade in Bovine represent 0.052% of total world trade.

Exports: In 2018 the top exporters of Bovine  were France ($1.79B), Australia ($1.14B), Canada ($816M), Mexico ($779M), and Brazil ($559M).

Imports: In 2018 the top importers of Bovine were United States ($1.59B), Italy ($1.48B), Turkey ($1.08B), China ($590M), and Indonesia ($492M).

Tariffs: In 2018 the average tariff for Bovine was 11.6%, been the 335 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Bovine are Morocco (131%), Slovakia (65.4%), Czechia (65.4%), Cyprus (63.4%), and South Korea (41.6%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Mauritius (0%), South Africa (0%), and United Arab Emirates (0%).

Ranking: Bovine ranks 651st in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): France, $1.79B

Top Destination (2018): United States, $1.59B

Bovine are the world's 335th most traded product.

In 2018, the top exporters of Bovine were France ($1.79B), Australia ($1.14B), Canada ($816M), Mexico ($779M), and Brazil ($559M).

In 2018, the top importers of Bovine were United States ($1.59B), Italy ($1.48B), Turkey ($1.08B), China ($590M), and Indonesia ($492M).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Burma, $429M

Top Destination Growth (2017 - 2018): China, $411M

Between 2017 and 2018, the exports of Bovine grew the fastest in Burma ($429M), Brazil ($255M), France ($223M), Australia ($187M), and Thailand ($172M).

Between 2017 and 2018, the fastest growing importers of Bovine were China ($411M), Italy ($198M), Laos ($166M), Palestine ($101M), and Spain ($86.6M).

Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Bovine.

In 2018,  market concentration measured using Shannon Entropy, was 4.37. This means that most of the exports of Bovine are explained by 20 countries.

TOP NET EXPORTER (2018): France, $1.73B

TOP NET IMPORTER (2018): Italy, $1.46B

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

In 2018, the countries that had a largest trade value in exports than imports of Bovine were France ($1.73B), Australia ($1.14B), Mexico ($742M), Canada ($662M), and Brazil ($559M).

In 2018, the countries that had a largest trade value in imports than exports of Bovine were Italy ($1.46B), United States ($1.31B), Turkey ($1.08B), China ($530M), and Indonesia ($492M).

Trade Forecasts

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This section shows forecasts for total trade for Bovine. 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 Bovine was 11.6%.  The countries with the highest tariffs for importing Bovine were Morocco (131%), Slovakia (65.4%), Czechia (65.4%), Cyprus (63.4%), and South Korea (41.6%).

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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.