HS Icon Bovine cuts boneless, fresh or chilled

020130 (Harmonized System 1992 for 6-digit)

World Trade (2018): $17.5B, Rnk 160 / 4726

Top Exporter (2018): $3.36B, United States

Top Importer (2018): $2.47B, United States

Product Complexity (2018): -0.25, Rnk 3032 / 4873

Export Growth (CAGR)(2017 - 2018): 12.1%, Rnk 2349 / 4726

Mean Tariff (2018): 20.9%, Rnk 555 / 6538

Share of World Trade (2018): 0.095%, Rnk 160 / 4726

Overview:  This page contains the latest trade data of Bovine cuts boneless, fresh or chilled. In 2018, Bovine cuts boneless, fresh or chilled were the world's 160th most traded product, with a total trade of $17.5B. Between 2017 and 2018 the exports of Bovine cuts boneless, fresh or chilled grew by 12.1%, from  $15.6B to $17.5B. Trade in Bovine cuts boneless, fresh or chilled represent 0.095% of total world trade.

Exports: In 2018 the top exporters of Bovine cuts boneless, fresh or chilled  were United States ($3.36B), Australia ($2.47B), Netherlands ($1.68B), Ireland ($1.62B), and Canada ($1.32B).

Imports: In 2018 the top importers of Bovine cuts boneless, fresh or chilled were United States ($2.47B), Japan ($2.18B), Germany ($1.54B), United Kingdom ($1.05B), and Netherlands ($969M).

Tariffs: In 2018 the average tariff for Bovine cuts boneless, fresh or chilled was 20.9%, been the 555 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Bovine cuts boneless, fresh or chilled are Norway (256%), Turkey (225%), Morocco (177%), Cyprus (135%), and Iceland (130%). The countries with the lowest tariffs are Egypt (0%), Mauritius (0%), United Arab Emirates (0%), Hong Kong (0%), and Kuwait (0%).

Ranking: Bovine cuts boneless, fresh or chilled ranks 3032nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $3.36B

Top Destination (2018): United States, $2.47B

Bovine cuts boneless, fresh or chilled are the world's 160th most traded product.

In 2018, the top exporters of Bovine cuts boneless, fresh or chilled were United States ($3.36B), Australia ($2.47B), Netherlands ($1.68B), Ireland ($1.62B), and Canada ($1.32B).

In 2018, the top importers of Bovine cuts boneless, fresh or chilled were United States ($2.47B), Japan ($2.18B), Germany ($1.54B), United Kingdom ($1.05B), and Netherlands ($969M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $383M

Top Destination Growth (2017 - 2018): Japan, $257M

Between 2017 and 2018, the exports of Bovine cuts boneless, fresh or chilled grew the fastest in United States ($383M), Netherlands ($268M), Ireland ($239M), Brazil ($192M), and Canada ($172M).

Between 2017 and 2018, the fastest growing importers of Bovine cuts boneless, fresh or chilled were Japan ($257M), United States ($203M), Germany ($177M), United Kingdom ($164M), and South Korea ($130M).

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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 boneless, fresh or chilled.

In 2018,  market concentration measured using Shannon Entropy, was 4.02. This means that most of the exports of Bovine cuts boneless, fresh or chilled are explained by 16 countries.

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TOP NET EXPORTER (2018): Australia, $2.47B

TOP NET IMPORTER (2018): Japan, $2.06B

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

In 2018, the countries that had a largest trade value in exports than in imports of Bovine cuts boneless, fresh or chilled were Australia ($2.47B), Ireland ($1.46B), United States ($899M), Canada ($858M), and Brazil ($801M).

In 2018, the countries that had a largest trade value in imports than in exports of Bovine cuts boneless, fresh or chilled were Japan ($2.06B), Chile ($957M), Germany ($910M), South Korea ($772M), and United Kingdom ($653M).

Trade Forecasts

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This section shows forecasts for total trade for Bovine cuts boneless, 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 boneless, fresh or chilled was 20.9%.  The countries with the highest tariffs for importing Bovine cuts boneless, fresh or chilled were Norway (256%), Turkey (225%), Morocco (177%), Cyprus (135%), and Iceland (130%).

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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.