HS Icon Animal Fat

0209 (Harmonized System 1992 for 4-digit)

World Trade (2018): $586M, Rnk 1006 / 1225

Top Exporter (2018): $106M, Germany

Top Importer (2018): $57M, Japan

Product Complexity (2018): 0.37, Rnk 425 / 1018

Export Growth (CAGR)(2017 - 2018): -8.96%, Rnk 1169 / 1225

Mean Tariff (2018): 18.8%, Rnk 128 / 1259

Share of World Trade (2018): 0.0032%, Rnk 1006 / 1225

Overview:  This page contains the latest trade data of Animal Fat. In 2018, Animal Fat were the world's 1006th most traded product, with a total trade of $586M. Between 2017 and 2018 the exports of Animal Fat decreased by -8.96%, from  $643M to $586M. Trade in Animal Fat represent 0.0032% of total world trade.

Exports: In 2018 the top exporters of Animal Fat  were Germany ($106M), Canada ($72.7M), Spain ($70.5M), United States ($57.4M), and Poland ($40.9M).

Imports: In 2018 the top importers of Animal Fat were Japan ($57M), Mexico ($49.1M), Philippines ($47.1M), Netherlands ($37.9M), and Ukraine ($37.6M).

Tariffs: In 2018 the average tariff for Animal Fat was 18.8%, been the 128 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Animal Fat are Cyprus (150%), Iceland (126%), Canada (87.7%), Oman (48.2%), and Estonia (43%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Singapore (0%), and Switzerland (0%).

Ranking: Animal Fat ranks 425th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $106M

Top Destination (2018): Japan, $57M

Animal Fat are the world's 1006th most traded product.

In 2018, the top exporters of Animal Fat were Germany ($106M), Canada ($72.7M), Spain ($70.5M), United States ($57.4M), and Poland ($40.9M).

In 2018, the top importers of Animal Fat were Japan ($57M), Mexico ($49.1M), Philippines ($47.1M), Netherlands ($37.9M), and Ukraine ($37.6M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Chile, $10.2M

Top Destination Growth (2017 - 2018): Japan, $11.3M

Between 2017 and 2018, the exports of Animal Fat grew the fastest in Chile ($10.2M), Belarus ($2.87M), Poland ($2.65M), United Kingdom ($2.1M), and Russia ($1.48M).

Between 2017 and 2018, the fastest growing importers of Animal Fat were Japan ($11.3M), Croatia ($7.09M), Russia ($6.26M), Vietnam ($4.77M), and Mexico ($3.03M).

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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 Animal Fat.

In 2018,  market concentration measured using Shannon Entropy, was 3.9. This means that most of the exports of Animal Fat are explained by 14 countries.

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TOP NET EXPORTER (2018): Germany, $79.5M

TOP NET IMPORTER (2018): Japan, $57M

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

In 2018, the countries that had a largest trade value in exports than in imports of Animal Fat were Germany ($79.5M), Canada ($72.3M), Spain ($63.5M), United States ($50.8M), and Chile ($32.1M).

In 2018, the countries that had a largest trade value in imports than in exports of Animal Fat were Japan ($57M), Mexico ($47.5M), Ukraine ($37.6M), Russia ($27.1M), and South Korea ($17.8M).

Trade Forecasts

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This section shows forecasts for total trade for Animal Fat. 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 Animal Fat was 18.8%.  The countries with the highest tariffs for importing Animal Fat were Cyprus (150%), Iceland (126%), Canada (87.7%), Oman (48.2%), and Estonia (43%).

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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.