HS Icon Other Inedible Animal Products

0511 (Harmonized System 1992 for 4-digit)

World Trade (2018): $2.71B, Rnk 655 / 1225

Top Exporter (2018): $389M, United States

Top Importer (2018): $434M, United States

Product Complexity (2018): -0.6, Rnk 727 / 1018

Export Growth (CAGR)(2017 - 2018): 25.7%, Rnk 224 / 1225

Mean Tariff (2018): 6.74%, Rnk 636 / 1259

Share of World Trade (2018): 0.015%, Rnk 655 / 1225

Overview: In 2018, Other Inedible Animal Products were the world's 655th most traded product, with a total trade of $2.71B. Between 2017 and 2018 the exports of Other Inedible Animal Products grew by 25.7%, from  $2.15B to $2.71B. Trade in Other Inedible Animal Products represent 0.015% of total world trade.

Exports: In 2018 the top exporters of Other Inedible Animal Products  were United States ($389M), Germany ($283M), Netherlands ($169M), China ($161M), and Canada ($132M).

Imports: In 2018 the top importers of Other Inedible Animal Products were United States ($434M), Germany ($240M), Denmark ($146M), France ($137M), and Netherlands ($125M).

Tariffs: In 2018 the average tariff for Other Inedible Animal Products was 6.74%, been the 636 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Inedible Animal Products are Tunisia (30.8%), Cameroon (29.4%), Gabon (29.4%), Chad (29.4%), and India (24.5%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Singapore (0%), and Switzerland (0%).

Ranking: Other Inedible Animal Products ranks 727th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $389M

Top Destination (2018): United States, $434M

Other Inedible Animal Products are the world's 655th most traded product.

In 2018, the top exporters of Other Inedible Animal Products were United States ($389M), Germany ($283M), Netherlands ($169M), China ($161M), and Canada ($132M).

In 2018, the top importers of Other Inedible Animal Products were United States ($434M), Germany ($240M), Denmark ($146M), France ($137M), and Netherlands ($125M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $87.8M

Top Destination Growth (2017 - 2018): United States, $270M

Between 2017 and 2018, the exports of Other Inedible Animal Products grew the fastest in Germany ($87.8M), New Zealand ($71.9M), Netherlands ($38.1M), Australia ($35.7M), and Mexico ($33M).

Between 2017 and 2018, the fastest growing importers of Other Inedible Animal Products were United States ($270M), Denmark ($114M), Germany ($37.9M), France ($28.3M), and Chile ($25.8M).

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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 Other Inedible Animal Products.

In 2018,  market concentration measured using Shannon Entropy, was 4.89. This means that most of the exports of Other Inedible Animal Products are explained by 29 countries.

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TOP NET EXPORTER (2018): China, $94M

TOP NET IMPORTER (2018): Japan, $74.2M

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

In 2018, the countries that had a largest trade value in exports than in imports of Other Inedible Animal Products were China ($94M), Brazil ($89.7M), New Zealand ($86.5M), Poland ($68.2M), and Canada ($51.7M).

In 2018, the countries that had a largest trade value in imports than in exports of Other Inedible Animal Products were Japan ($74.2M), Vietnam ($56.3M), France ($56.1M), United Kingdom ($52.6M), and United States ($44.5M).

Trade Forecasts

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This section shows forecasts for total trade for Other Inedible 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 Other Inedible Animal Products was 6.74%.  The countries with the highest tariffs for importing Other Inedible Animal Products were Tunisia (30.8%), Cameroon (29.4%), Gabon (29.4%), Chad (29.4%), and India (24.5%).

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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.