HS Icon Sheep and Goat Meat

0204 (Harmonized System 1992 for 4-digit)

World Trade (2018): $7.94B, Rnk 391 / 1225

Top Exporter (2018): $2.83B, Australia

Top Importer (2018): $1.33B, China

Export Growth (CAGR)(2017 - 2018): 15.4%, Rnk 496 / 1225

Mean Tariff (2018): 18.5%, Rnk 133 / 1259

Share of World Trade (2018): 0.043%, Rnk 391 / 1225

Overview:  This page contains the latest trade data of Sheep and Goat Meat. In 2018, Sheep and Goat Meat were the world's 391st most traded product, with a total trade of $7.94B. Between 2017 and 2018 the exports of Sheep and Goat Meat grew by 15.4%, from  $6.88B to $7.94B. Trade in Sheep and Goat Meat represent 0.043% of total world trade.

Exports: In 2018 the top exporters of Sheep and Goat Meat  were Australia ($2.83B), New Zealand ($2.68B), United Kingdom ($502M), Ireland ($326M), and Netherlands ($218M).

Imports: In 2018 the top importers of Sheep and Goat Meat were China ($1.33B), United States ($1.03B), France ($614M), United Kingdom ($482M), and Germany ($478M).

Tariffs: In 2018 the average tariff for Sheep and Goat Meat was 18.5%, been the 133 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Sheep and Goat Meat are Norway (247%), Turkey (206%), Morocco (173%), Cyprus (92.5%), and Iceland (84.2%). The countries with the lowest tariffs are Egypt (0%), Mauritius (0%), Hong Kong (0%), Japan (0%), and Maldives (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): Australia, $2.83B

Top Destination (2018): China, $1.33B

Sheep and Goat Meat are the world's 391st most traded product.

In 2018, the top exporters of Sheep and Goat Meat were Australia ($2.83B), New Zealand ($2.68B), United Kingdom ($502M), Ireland ($326M), and Netherlands ($218M).

In 2018, the top importers of Sheep and Goat Meat were China ($1.33B), United States ($1.03B), France ($614M), United Kingdom ($482M), and Germany ($478M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): New Zealand, $322M

Top Destination Growth (2017 - 2018): China, $392M

Between 2017 and 2018, the exports of Sheep and Goat Meat grew the fastest in New Zealand ($322M), Australia ($306M), Ethiopia ($95.1M), Russia ($55.3M), and Spain ($42.6M).

Between 2017 and 2018, the fastest growing importers of Sheep and Goat Meat were China ($392M), Iran ($105M), United Arab Emirates ($80.3M), France ($72.7M), and Germany ($67.7M).

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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 Sheep and Goat Meat.

In 2018,  market concentration measured using Shannon Entropy, was 2.91. This means that most of the exports of Sheep and Goat Meat are explained by 7 countries.

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TOP NET EXPORTER (2018): Australia, $2.83B

TOP NET IMPORTER (2018): China, $1.3B

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

In 2018, the countries that had a largest trade value in exports than in imports of Sheep and Goat Meat were Australia ($2.83B), New Zealand ($2.67B), Ireland ($280M), Spain ($148M), and India ($127M).

In 2018, the countries that had a largest trade value in imports than in exports of Sheep and Goat Meat were China ($1.3B), United States ($1B), France ($532M), Germany ($414M), and United Arab Emirates ($349M).

Trade Forecasts

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This section shows forecasts for total trade for Sheep and Goat 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 Sheep and Goat Meat was 18.5%.  The countries with the highest tariffs for importing Sheep and Goat Meat were Norway (247%), Turkey (206%), Morocco (173%), Cyprus (92.5%), and Iceland (84.2%).

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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.