HS Icon Animal Organs

0504 (Harmonized System 1992 for 4-digit)

World Trade (2018): $5.72B, Rnk 469 / 1225

Top Exporter (2018): $1.33B, China

Top Importer (2018): $734M, Hong Kong

Product Complexity (2018): -1.04, Rnk 830 / 1018

Export Growth (CAGR)(2017 - 2018): 14%, Rnk 564 / 1225

Mean Tariff (2018): 6.51%, Rnk 653 / 1259

Share of World Trade (2018): 0.031%, Rnk 469 / 1225

Overview: In 2018, Animal Organs were the world's 469th most traded product, with a total trade of $5.72B. Between 2017 and 2018 the exports of Animal Organs grew by 14%, from  $5.02B to $5.72B. Trade in Animal Organs represent 0.031% of total world trade.

Exports: In 2018 the top exporters of Animal Organs  were China ($1.33B), United States ($706M), Germany ($591M), Netherlands ($434M), and Brazil ($419M).

Imports: In 2018 the top importers of Animal Organs were Hong Kong ($734M), China ($723M), Germany ($634M), Netherlands ($309M), and France ($270M).

Tariffs: In 2018 the average tariff for Animal Organs was 6.51%, been the 653 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Animal Organs are Colombia (67.6%), Tunisia (36%), Cyprus (33.3%), Bahamas (31.2%), and Cameroon (29.4%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Japan (0%), and Lebanon (0%).

Ranking: Animal Organs ranks 830th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $1.33B

Top Destination (2018): Hong Kong, $734M

Animal Organs are the world's 469th most traded product.

In 2018, the top exporters of Animal Organs were China ($1.33B), United States ($706M), Germany ($591M), Netherlands ($434M), and Brazil ($419M).

In 2018, the top importers of Animal Organs were Hong Kong ($734M), China ($723M), Germany ($634M), Netherlands ($309M), and France ($270M).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $118M

Top Destination Growth (2017 - 2018): Hong Kong, $215M

Between 2017 and 2018, the exports of Animal Organs grew the fastest in Germany ($118M), Netherlands ($94.5M), United States ($88.9M), Brazil ($82.8M), and New Zealand ($79.6M).

Between 2017 and 2018, the fastest growing importers of Animal Organs were Hong Kong ($215M), China ($151M), Poland ($51.3M), Brazil ($40.8M), and Spain ($39.9M).

Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Animal Organs.

In 2018,  market concentration measured using Shannon Entropy, was 4.19. This means that most of the exports of Animal Organs are explained by 18 countries.

TOP NET EXPORTER (2018): China, $604M

TOP NET IMPORTER (2018): Hong Kong, $732M

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

In 2018, the countries that had a largest trade value in exports than imports of Animal Organs were China ($604M), United States ($518M), Brazil ($266M), New Zealand ($239M), and Australia ($215M).

In 2018, the countries that had a largest trade value in imports than exports of Animal Organs were Hong Kong ($732M), Vietnam ($230M), Japan ($225M), Mexico ($185M), and France ($156M).

Trade Forecasts

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This section shows forecasts for total trade for Animal Organs. 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 Organs was 6.51%.  The countries with the highest tariffs for importing Animal Organs were Colombia (67.6%), Tunisia (36%), Cyprus (33.3%), Bahamas (31.2%), and Cameroon (29.4%).

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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.