HS Icon Pig Meat

0203 (Harmonized System 1992 for 4-digit)

World Trade (2018): $28.4B, Rnk 133 / 1225

Top Exporter (2018): $4.47B, United States

Top Importer (2018): $4.36B, Japan

Product Complexity (2018): 0.78, Rnk 247 / 1018

Export Growth (CAGR)(2017 - 2018): -4.89%, Rnk 1139 / 1225

Mean Tariff (2018): 21.7%, Rnk 94 / 1259

Share of World Trade (2018): 0.15%, Rnk 133 / 1225

Overview: In 2018, Pig Meat were the world's 133rd most traded product, with a total trade of $28.4B. Between 2017 and 2018 the exports of Pig Meat decreased by -4.89%, from  $29.9B to $28.4B. Trade in Pig Meat represent 0.15% of total world trade.

Exports: In 2018 the top exporters of Pig Meat  were United States ($4.47B), Germany ($4.4B), Spain ($4.05B), Denmark ($2.64B), and Canada ($2.46B).

Imports: In 2018 the top importers of Pig Meat were Japan ($4.36B), Italy ($2.13B), China ($2.09B), South Korea ($1.76B), and Germany ($1.68B).

Tariffs: In 2018 the average tariff for Pig Meat was 21.7%, been the 94 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Pig Meat are Turkey (223%), Iceland (213%), Barbados (174%), Cyprus (105%), and Saudi Arabia (91.9%). The countries with the lowest tariffs are Mauritius (0%), United Arab Emirates (0%), Hong Kong (0%), Kuwait (0%), and Singapore (0%).

Ranking: Pig Meat ranks 247th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $4.47B

Top Destination (2018): Japan, $4.36B

Pig Meat are the world's 133rd most traded product.

In 2018, the top exporters of Pig Meat were United States ($4.47B), Germany ($4.4B), Spain ($4.05B), Denmark ($2.64B), and Canada ($2.46B).

In 2018, the top importers of Pig Meat were Japan ($4.36B), Italy ($2.13B), China ($2.09B), South Korea ($1.76B), and Germany ($1.68B).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Spain, $141M

Top Destination Growth (2017 - 2018): South Korea, $224M

Between 2017 and 2018, the exports of Pig Meat grew the fastest in Spain ($141M), Chile ($52.2M), Ireland ($44.6M), United Kingdom ($37.4M), and Croatia ($24.1M).

Between 2017 and 2018, the fastest growing importers of Pig Meat were South Korea ($224M), Croatia ($212M), Philippines ($79.6M), Japan ($67M), and Denmark ($48.8M).

Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Pig Meat.

In 2018,  market concentration measured using Shannon Entropy, was 3.81. This means that most of the exports of Pig Meat are explained by 14 countries.

TOP NET EXPORTER (2018): Spain, $3.84B

TOP NET IMPORTER (2018): Japan, $4.36B

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

In 2018, the countries that had a largest trade value in exports than imports of Pig Meat were Spain ($3.84B), United States ($3.22B), Germany ($2.72B), Denmark ($2.42B), and Canada ($2.03B).

In 2018, the countries that had a largest trade value in imports than exports of Pig Meat were Japan ($4.36B), Italy ($1.93B), China ($1.89B), South Korea ($1.76B), and United Kingdom ($716M).

Trade Forecasts

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This section shows forecasts for total trade for Pig 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 Pig Meat was 21.7%.  The countries with the highest tariffs for importing Pig Meat were Turkey (223%), Iceland (213%), Barbados (174%), Cyprus (105%), and Saudi Arabia (91.9%).

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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.