HS Icon Bovine cuts bone in, fresh or chilled

020120 (Harmonized System 1992 for 6-digit)

World Trade (2018): $4.92B, Rnk 636 / 4726

Top Exporter (2018): $745M, Poland

Top Importer (2018): $982M, Italy

Product Complexity (2018): -0.2, Rnk 2931 / 4873

Export Growth (CAGR)(2017 - 2018): 12.6%, Rnk 2267 / 4726

Mean Tariff (2018): 21%, Rnk 549 / 6538

Share of World Trade (2018): 0.027%, Rnk 636 / 4726

Overview:  This page contains the latest trade data of Bovine cuts bone in, fresh or chilled. In 2018, Bovine cuts bone in, fresh or chilled were the world's 636th most traded product, with a total trade of $4.92B. Between 2017 and 2018 the exports of Bovine cuts bone in, fresh or chilled grew by 12.6%, from  $4.37B to $4.92B. Trade in Bovine cuts bone in, fresh or chilled represent 0.027% of total world trade.

Exports: In 2018 the top exporters of Bovine cuts bone in, fresh or chilled  were Poland ($745M), France ($597M), Netherlands ($569M), Germany ($427M), and Mexico ($379M).

Imports: In 2018 the top importers of Bovine cuts bone in, fresh or chilled were Italy ($982M), United States ($555M), Germany ($478M), Netherlands ($407M), and Russia ($304M).

Tariffs: In 2018 the average tariff for Bovine cuts bone in, fresh or chilled was 21%, been the 549 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Bovine cuts bone in, fresh or chilled are Cyprus (191%), Morocco (177%), Iceland (106%), Colombia (76.7%), and Hungary (71.1%). The countries with the lowest tariffs are Egypt (0%), Mauritius (0%), United Arab Emirates (0%), Hong Kong (0%), and Kuwait (0%).

Ranking: Bovine cuts bone in, fresh or chilled ranks 2931st in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Poland, $745M

Top Destination (2018): Italy, $982M

Bovine cuts bone in, fresh or chilled are the world's 636th most traded product.

In 2018, the top exporters of Bovine cuts bone in, fresh or chilled were Poland ($745M), France ($597M), Netherlands ($569M), Germany ($427M), and Mexico ($379M).

In 2018, the top importers of Bovine cuts bone in, fresh or chilled were Italy ($982M), United States ($555M), Germany ($478M), Netherlands ($407M), and Russia ($304M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Poland, $196M

Top Destination Growth (2017 - 2018): Turkey, $105M

Between 2017 and 2018, the exports of Bovine cuts bone in, fresh or chilled grew the fastest in Poland ($196M), Spain ($52.2M), Canada ($47.5M), Belgium-Luxembourg ($46.4M), and Pakistan ($41.5M).

Between 2017 and 2018, the fastest growing importers of Bovine cuts bone in, fresh or chilled were Turkey ($105M), Germany ($60.1M), Italy ($56.8M), Croatia ($50M), and United States ($46M).

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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 cuts bone in, fresh or chilled.

In 2018,  market concentration measured using Shannon Entropy, was 4.09. This means that most of the exports of Bovine cuts bone in, fresh or chilled are explained by 16 countries.

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TOP NET EXPORTER (2018): Poland, $727M

TOP NET IMPORTER (2018): Italy, $811M

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

In 2018, the countries that had a largest trade value in exports than in imports of Bovine cuts bone in, fresh or chilled were Poland ($727M), Mexico ($342M), France ($317M), Belarus ($281M), and Netherlands ($162M).

In 2018, the countries that had a largest trade value in imports than in exports of Bovine cuts bone in, fresh or chilled were Italy ($811M), United States ($312M), Russia ($303M), Greece ($256M), and Turkey ($145M).

Trade Forecasts

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This section shows forecasts for total trade for Bovine cuts bone in, fresh or chilled. 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 cuts bone in, fresh or chilled was 21%.  The countries with the highest tariffs for importing Bovine cuts bone in, fresh or chilled were Cyprus (191%), Morocco (177%), Iceland (106%), Colombia (76.7%), and Hungary (71.1%).

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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.