HS Icon Bovine Meat

0201 (Harmonized System 1992 for 4-digit)

World Trade (2018): $24.4B, Rnk 159 / 1225

Top Exporter (2018): $3.62B, United States

Top Importer (2018): $3.05B, United States

Product Complexity (2018): -0.49, Rnk 693 / 1018

Export Growth (CAGR)(2017 - 2018): 10.9%, Rnk 726 / 1225

Mean Tariff (2018): 21%, Rnk 98 / 1259

Share of World Trade (2018): 0.13%, Rnk 159 / 1225

Overview: In 2018, Bovine Meat were the world's 159th most traded product, with a total trade of $24.4B. Between 2017 and 2018 the exports of Bovine Meat grew by 10.9%, from  $22B to $24.4B. Trade in Bovine Meat represent 0.13% of total world trade.

Exports: In 2018 the top exporters of Bovine Meat  were United States ($3.62B), Australia ($2.56B), Netherlands ($2.48B), Ireland ($1.9B), and Canada ($1.53B).

Imports: In 2018 the top importers of Bovine Meat were United States ($3.05B), Japan ($2.2B), Germany ($2.14B), Italy ($1.99B), and Netherlands ($1.78B).

Tariffs: In 2018 the average tariff for Bovine Meat was 21%, been the 98 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Bovine Meat are Cyprus (183%), Morocco (177%), Norway (150%), Iceland (117%), and Colombia (76.5%). The countries with the lowest tariffs are Egypt (0%), Mauritius (0%), United Arab Emirates (0%), Hong Kong (0%), and Kuwait (0%).

Ranking: Bovine Meat ranks 693rd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $3.62B

Top Destination (2018): United States, $3.05B

Bovine Meat are the world's 159th most traded product.

In 2018, the top exporters of Bovine Meat were United States ($3.62B), Australia ($2.56B), Netherlands ($2.48B), Ireland ($1.9B), and Canada ($1.53B).

In 2018, the top importers of Bovine Meat were United States ($3.05B), Japan ($2.2B), Germany ($2.14B), Italy ($1.99B), and Netherlands ($1.78B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $399M

Top Destination Growth (2017 - 2018): Japan, $258M

Between 2017 and 2018, the exports of Bovine Meat grew the fastest in United States ($399M), Netherlands ($304M), Canada ($223M), Ireland ($209M), and Brazil ($201M).

Between 2017 and 2018, the fastest growing importers of Bovine Meat were Japan ($258M), United States ($251M), Germany ($211M), South Korea ($141M), and Turkey ($134M).

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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 Bovine Meat.

In 2018,  market concentration measured using Shannon Entropy, was 4.34. This means that most of the exports of Bovine Meat are explained by 20 countries.

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TOP NET EXPORTER (2018): Australia, $2.55B

TOP NET IMPORTER (2018): Japan, $2.08B

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

In 2018, the countries that had a largest trade value in exports than in imports of Bovine Meat were Australia ($2.55B), Ireland ($1.72B), Poland ($1.26B), Canada ($962M), and Brazil ($804M).

In 2018, the countries that had a largest trade value in imports than in exports of Bovine Meat were Japan ($2.08B), Italy ($1.54B), Chile ($959M), Germany ($920M), and South Korea ($856M).

Trade Forecasts

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This section shows forecasts for total trade for Bovine Meat. 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 Meat was 21%.  The countries with the highest tariffs for importing Bovine Meat were Cyprus (183%), Morocco (177%), Norway (150%), Iceland (117%), and Colombia (76.5%).

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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.