HS Icon Pharmaceutical Animal Products

0510 (Harmonized System 1992 for 4-digit)

World Trade (2018): $331M, Rnk 1089 / 1225

Top Exporter (2018): $66.9M, Brazil

Top Importer (2018): $75.3M, Hong Kong

Export Growth (CAGR)(2017 - 2018): 58.8%, Rnk 50 / 1225

Mean Tariff (2018): 6.41%, Rnk 661 / 1259

Share of World Trade (2018): 0.0018%, Rnk 1089 / 1225

Overview: In 2018, Pharmaceutical Animal Products were the world's 1089th most traded product, with a total trade of $331M. Between 2017 and 2018 the exports of Pharmaceutical Animal Products grew by 58.8%, from  $208M to $331M. Trade in Pharmaceutical Animal Products represent 0.0018% of total world trade.

Exports: In 2018 the top exporters of Pharmaceutical Animal Products  were Brazil ($66.9M), United States ($30.3M), Spain ($29.8M), Hong Kong ($29.3M), and Kazakhstan ($21.1M).

Imports: In 2018 the top importers of Pharmaceutical Animal Products were Hong Kong ($75.3M), South Korea ($55.3M), Brazil ($45.6M), New Zealand ($28.1M), and Germany ($24.4M).

Tariffs: In 2018 the average tariff for Pharmaceutical Animal Products was 6.41%, been the 661 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Pharmaceutical Animal Products 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%), Lebanon (0%), and Singapore (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): Brazil, $66.9M

Top Destination (2018): Hong Kong, $75.3M

Pharmaceutical Animal Products are the world's 1089th most traded product.

In 2018, the top exporters of Pharmaceutical Animal Products were Brazil ($66.9M), United States ($30.3M), Spain ($29.8M), Hong Kong ($29.3M), and Kazakhstan ($21.1M).

In 2018, the top importers of Pharmaceutical Animal Products were Hong Kong ($75.3M), South Korea ($55.3M), Brazil ($45.6M), New Zealand ($28.1M), and Germany ($24.4M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Hong Kong, $28M

Top Destination Growth (2017 - 2018): South Korea, $28.8M

Between 2017 and 2018, the exports of Pharmaceutical Animal Products grew the fastest in Hong Kong ($28M), Brazil ($25.4M), Spain ($16.8M), Kazakhstan ($12.7M), and Australia ($12.5M).

Between 2017 and 2018, the fastest growing importers of Pharmaceutical Animal Products were South Korea ($28.8M), New Zealand ($28.1M), Hong Kong ($24.5M), Brazil ($12.9M), and France ($9.43M).

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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 Pharmaceutical Animal Products.

In 2018,  market concentration measured using Shannon Entropy, was 4.35. This means that most of the exports of Pharmaceutical Animal Products are explained by 20 countries.

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TOP NET EXPORTER (2018): Spain, $23.5M

TOP NET IMPORTER (2018): South Korea, $53.5M

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

In 2018, the countries that had a largest trade value in exports than in imports of Pharmaceutical Animal Products were Spain ($23.5M), Brazil ($21.3M), Kazakhstan ($21.1M), United States ($18.9M), and Colombia ($15.4M).

In 2018, the countries that had a largest trade value in imports than in exports of Pharmaceutical Animal Products were South Korea ($53.5M), Hong Kong ($46M), New Zealand ($22.9M), Japan ($22.5M), and Germany ($19.3M).

Trade Forecasts

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This section shows forecasts for total trade for Pharmaceutical Animal Products. 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 Pharmaceutical Animal Products was 6.41%.  The countries with the highest tariffs for importing Pharmaceutical Animal Products 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.