HS Icon Swine cuts, frozen nes

020329 (Harmonized System 1992 for 6-digit)

World Trade (2018): $11.9B, Rnk 250 / 4726

Top Exporter (2018): $2.07B, United States

Top Importer (2018): $2.54B, Japan

Export Growth (CAGR)(2017 - 2018): -5.6%, Rnk 4169 / 4726

Mean Tariff (2018): 20%, Rnk 597 / 6538

Share of World Trade (2018): 0.065%, Rnk 250 / 4726

Overview:  This page contains the latest trade data of Swine cuts, frozen nes. In 2018, Swine cuts, frozen nes were the world's 250th most traded product, with a total trade of $11.9B. Between 2017 and 2018 the exports of Swine cuts, frozen nes decreased by -5.6%, from  $12.6B to $11.9B. Trade in Swine cuts, frozen nes represent 0.065% of total world trade.

Exports: In 2018 the top exporters of Swine cuts, frozen nes  were United States ($2.07B), Spain ($1.89B), Germany ($1.31B), Denmark ($1.13B), and Brazil ($1.03B).

Imports: In 2018 the top importers of Swine cuts, frozen nes were Japan ($2.54B), China ($1.66B), South Korea ($1.54B), United States ($581M), and Hong Kong ($538M).

Tariffs: In 2018 the average tariff for Swine cuts, frozen nes was 20%, been the 597 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Swine cuts, frozen nes are Turkey (223%), Iceland (212%), Barbados (174%), Saudi Arabia (91.9%), and Oman (91.9%). The countries with the lowest tariffs are Mauritius (0%), United Arab Emirates (0%), Hong Kong (0%), Kuwait (0%), and Singapore (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $2.07B

Top Destination (2018): Japan, $2.54B

Swine cuts, frozen nes are the world's 250th most traded product.

In 2018, the top exporters of Swine cuts, frozen nes were United States ($2.07B), Spain ($1.89B), Germany ($1.31B), Denmark ($1.13B), and Brazil ($1.03B).

In 2018, the top importers of Swine cuts, frozen nes were Japan ($2.54B), China ($1.66B), South Korea ($1.54B), United States ($581M), and Hong Kong ($538M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $254M

Top Destination Growth (2017 - 2018): South Korea, $193M

Between 2017 and 2018, the exports of Swine cuts, frozen nes grew the fastest in United States ($254M), Spain ($100M), Chile ($51.7M), United Kingdom ($26.7M), and Belarus ($16.9M).

Between 2017 and 2018, the fastest growing importers of Swine cuts, frozen nes were South Korea ($193M), Japan ($90.4M), Philippines ($84.8M), China ($61.8M), and Croatia ($55.7M).

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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 Swine cuts, frozen nes.

In 2018,  market concentration measured using Shannon Entropy, was 3.82. This means that most of the exports of Swine cuts, frozen nes are explained by 14 countries.

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TOP NET EXPORTER (2018): Spain, $1.83B

TOP NET IMPORTER (2018): Japan, $2.53B

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

In 2018, the countries that had a largest trade value in exports than in imports of Swine cuts, frozen nes were Spain ($1.83B), United States ($1.48B), Germany ($1.2B), Denmark ($1.06B), and Brazil ($1.03B).

In 2018, the countries that had a largest trade value in imports than in exports of Swine cuts, frozen nes were Japan ($2.53B), South Korea ($1.54B), China ($1.5B), Hong Kong ($462M), and Australia ($405M).

Trade Forecasts

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This section shows forecasts for total trade for Swine cuts, frozen nes. 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 Swine cuts, frozen nes was 20%.  The countries with the highest tariffs for importing Swine cuts, frozen nes were Turkey (223%), Iceland (212%), Barbados (174%), Saudi Arabia (91.9%), and Oman (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.