HS Icon Bovine cuts boneless, frozen

020230 (Harmonized System 1992 for 6-digit)

World Trade (2018): $22.4B, Rnk 116 / 4726

Top Exporter (2018): $4.53B, Brazil

Top Importer (2018): $4.29B, China

Product Complexity (2018): -0.7, Rnk 3625 / 4873

Export Growth (CAGR)(2017 - 2018): 9.24%, Rnk 2782 / 4726

Mean Tariff (2018): 23.1%, Rnk 399 / 6538

Share of World Trade (2018): 0.12%, Rnk 116 / 4726

Overview:  This page contains the latest trade data of Bovine cuts boneless, frozen. In 2018, Bovine cuts boneless, frozen were the world's 116th most traded product, with a total trade of $22.4B. Between 2017 and 2018 the exports of Bovine cuts boneless, frozen grew by 9.24%, from  $20.5B to $22.4B. Trade in Bovine cuts boneless, frozen represent 0.12% of total world trade.

Exports: In 2018 the top exporters of Bovine cuts boneless, frozen  were Brazil ($4.53B), Australia ($3.6B), India ($3.32B), United States ($2.62B), and New Zealand ($1.72B).

Imports: In 2018 the top importers of Bovine cuts boneless, frozen were China ($4.29B), United States ($2.1B), Vietnam ($1.97B), Hong Kong ($1.91B), and Japan ($1.4B).

Tariffs: In 2018 the average tariff for Bovine cuts boneless, frozen was 23.1%, been the 399 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Bovine cuts boneless, frozen are Norway (256%), Turkey (225%), Cyprus (212%), Iceland (185%), and Morocco (135%). The countries with the lowest tariffs are Egypt (0%), Mauritius (0%), Hong Kong (0%), Lebanon (0%), and Maldives (0%).

Ranking: Bovine cuts boneless, frozen ranks 3625th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Brazil, $4.53B

Top Destination (2018): China, $4.29B

Bovine cuts boneless, frozen are the world's 116th most traded product.

In 2018, the top exporters of Bovine cuts boneless, frozen were Brazil ($4.53B), Australia ($3.6B), India ($3.32B), United States ($2.62B), and New Zealand ($1.72B).

In 2018, the top importers of Bovine cuts boneless, frozen were China ($4.29B), United States ($2.1B), Vietnam ($1.97B), Hong Kong ($1.91B), and Japan ($1.4B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $715M

Top Destination Growth (2017 - 2018): China, $1.5B

Between 2017 and 2018, the exports of Bovine cuts boneless, frozen grew the fastest in United States ($715M), Argentina ($580M), Australia ($335M), Brazil ($231M), and Hong Kong ($125M).

Between 2017 and 2018, the fastest growing importers of Bovine cuts boneless, frozen were China ($1.5B), South Korea ($270M), Japan ($212M), Indonesia ($169M), and Hong Kong ($160M).

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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, frozen.

In 2018,  market concentration measured using Shannon Entropy, was 3.7. This means that most of the exports of Bovine cuts boneless, frozen are explained by 13 countries.

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TOP NET EXPORTER (2018): Brazil, $4.42B

TOP NET IMPORTER (2018): China, $4.29B

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

In 2018, the countries that had a largest trade value in exports than in imports of Bovine cuts boneless, frozen were Brazil ($4.42B), Australia ($3.6B), India ($3.31B), New Zealand ($1.7B), and Argentina ($1.16B).

In 2018, the countries that had a largest trade value in imports than in exports of Bovine cuts boneless, frozen were China ($4.29B), Vietnam ($1.97B), Hong Kong ($1.7B), Japan ($1.3B), and South Korea ($1.17B).

Trade Forecasts

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This section shows forecasts for total trade for Bovine cuts boneless, frozen. 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, frozen was 23.1%.  The countries with the highest tariffs for importing Bovine cuts boneless, frozen were Norway (256%), Turkey (225%), Cyprus (212%), Iceland (185%), and Morocco (135%).

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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.