HS Icon Edible Offal

0206 (Harmonized System 1992 for 4-digit)

World Trade (2018): $8.47B, Rnk 372 / 1225

Top Exporter (2018): $1.51B, United States

Top Importer (2018): $1.55B, China

Product Complexity (2018): -0.47, Rnk 692 / 1018

Export Growth (CAGR)(2017 - 2018): -6.87%, Rnk 1156 / 1225

Mean Tariff (2018): 18.8%, Rnk 129 / 1259

Share of World Trade (2018): 0.046%, Rnk 372 / 1225

Overview:  This page contains the latest trade data of Edible Offal. In 2018, Edible Offal were the world's 372nd most traded product, with a total trade of $8.47B. Between 2017 and 2018 the exports of Edible Offal decreased by -6.87%, from  $9.09B to $8.47B. Trade in Edible Offal represent 0.046% of total world trade.

Exports: In 2018 the top exporters of Edible Offal  were United States ($1.51B), Hong Kong ($1.17B), Germany ($750M), Australia ($649M), and Netherlands ($511M).

Imports: In 2018 the top importers of Edible Offal were China ($1.55B), Hong Kong ($1.31B), Chinese Taipei ($770M), Japan ($737M), and Vietnam ($666M).

Tariffs: In 2018 the average tariff for Edible Offal was 18.8%, been the 129 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Edible Offal are Cyprus (251%), Turkey (225%), Iceland (142%), Morocco (57.8%), and Hungary (42.9%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and Norway (0%).

Ranking: Edible Offal ranks 692nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $1.51B

Top Destination (2018): China, $1.55B

Edible Offal are the world's 372nd most traded product.

In 2018, the top exporters of Edible Offal were United States ($1.51B), Hong Kong ($1.17B), Germany ($750M), Australia ($649M), and Netherlands ($511M).

In 2018, the top importers of Edible Offal were China ($1.55B), Hong Kong ($1.31B), Chinese Taipei ($770M), Japan ($737M), and Vietnam ($666M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Ireland, $61.6M

Top Destination Growth (2017 - 2018): Vietnam, $337M

Between 2017 and 2018, the exports of Edible Offal grew the fastest in Ireland ($61.6M), India ($53.9M), Argentina ($34.2M), United Kingdom ($22.7M), and Uruguay ($18.2M).

Between 2017 and 2018, the fastest growing importers of Edible Offal were Vietnam ($337M), United Kingdom ($46.7M), South Korea ($39.7M), Germany ($28.5M), and Spain ($28.3M).

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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 Edible Offal.

In 2018,  market concentration measured using Shannon Entropy, was 4.21. This means that most of the exports of Edible Offal are explained by 18 countries.

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TOP NET EXPORTER (2018): United States, $1.25B

TOP NET IMPORTER (2018): China, $1.55B

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

In 2018, the countries that had a largest trade value in exports than in imports of Edible Offal were United States ($1.25B), Australia ($635M), Germany ($609M), Brazil ($480M), and Netherlands ($377M).

In 2018, the countries that had a largest trade value in imports than in exports of Edible Offal were China ($1.55B), Chinese Taipei ($770M), Japan ($734M), Vietnam ($666M), and South Korea ($302M).

Trade Forecasts

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This section shows forecasts for total trade for Edible Offal. 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 Edible Offal was 18.8%.  The countries with the highest tariffs for importing Edible Offal were Cyprus (251%), Turkey (225%), Iceland (142%), Morocco (57.8%), and Hungary (42.9%).

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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.