HS Icon Processed Bones

0506 (Harmonized System 1992 for 4-digit)

World Trade (2018): $310M, Rnk 1095 / 1225

Top Exporter (2018): $58.5M, United States

Top Importer (2018): $43.2M, Japan

Export Growth (CAGR)(2017 - 2018): -19.4%, Rnk 1207 / 1225

Mean Tariff (2018): 6.82%, Rnk 627 / 1259

Share of World Trade (2018): 0.0017%, Rnk 1095 / 1225

Overview: In 2018, Processed Bones were the world's 1095th most traded product, with a total trade of $310M. Between 2017 and 2018 the exports of Processed Bones decreased by -19.4%, from  $384M to $310M. Trade in Processed Bones represent 0.0017% of total world trade.

Exports: In 2018 the top exporters of Processed Bones  were United States ($58.5M), Germany ($41.5M), Belgium-Luxembourg ($34.1M), Netherlands ($25.7M), and India ($14.1M).

Imports: In 2018 the top importers of Processed Bones were Japan ($43.2M), China ($39.5M), United Kingdom ($34.9M), France ($28.2M), and United States ($20.7M).

Tariffs: In 2018 the average tariff for Processed Bones was 6.82%, been the 627 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Processed Bones are Tunisia (36%), Bahamas (31.2%), Cameroon (29.4%), Gabon (29.4%), and Chad (29.4%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Japan (0%), and Lebanon (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $58.5M

Top Destination (2018): Japan, $43.2M

Processed Bones are the world's 1095th most traded product.

In 2018, the top exporters of Processed Bones were United States ($58.5M), Germany ($41.5M), Belgium-Luxembourg ($34.1M), Netherlands ($25.7M), and India ($14.1M).

In 2018, the top importers of Processed Bones were Japan ($43.2M), China ($39.5M), United Kingdom ($34.9M), France ($28.2M), and United States ($20.7M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Colombia, $5.62M

Top Destination Growth (2017 - 2018): United States, $18.9M

Between 2017 and 2018, the exports of Processed Bones grew the fastest in Colombia ($5.62M), Belgium-Luxembourg ($5.47M), Canada ($5.38M), Thailand ($3.98M), and New Zealand ($2.17M).

Between 2017 and 2018, the fastest growing importers of Processed Bones were United States ($18.9M), United Kingdom ($8.56M), France ($4.98M), Indonesia ($4.76M), and Pakistan ($788k).

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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 Processed Bones.

In 2018,  market concentration measured using Shannon Entropy, was 4.29. This means that most of the exports of Processed Bones are explained by 19 countries.

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TOP NET EXPORTER (2018): United States, $37.8M

TOP NET IMPORTER (2018): Japan, $43M

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

In 2018, the countries that had a largest trade value in exports than in imports of Processed Bones were United States ($37.8M), Germany ($22.7M), Belgium-Luxembourg ($15.6M), India ($12M), and Netherlands ($11.7M).

In 2018, the countries that had a largest trade value in imports than in exports of Processed Bones were Japan ($43M), China ($36.7M), United Kingdom ($31.4M), Indonesia ($19.1M), and France ($15.3M).

Trade Forecasts

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This section shows forecasts for total trade for Processed Bones. 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 Processed Bones was 6.82%.  The countries with the highest tariffs for importing Processed Bones were Tunisia (36%), Bahamas (31.2%), Cameroon (29.4%), Gabon (29.4%), and Chad (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.