HS Icon Other Prepared Meat

1602 (Harmonized System 1992 for 4-digit)

World Trade (2018): $16.7B, Rnk 221 / 1225

Top Exporter (2018): $2.7B, Thailand

Top Importer (2018): $2.96B, Japan

Product Complexity (2018): -0.045, Rnk 566 / 1018

Export Growth (CAGR)(2017 - 2018): 12.7%, Rnk 633 / 1225

Mean Tariff (2018): 30.9%, Rnk 21 / 1259

Share of World Trade (2018): 0.091%, Rnk 221 / 1225

Overview:  This page contains the latest trade data of Other Prepared Meat. In 2018, Other Prepared Meat were the world's 221st most traded product, with a total trade of $16.7B. Between 2017 and 2018 the exports of Other Prepared Meat grew by 12.7%, from  $14.8B to $16.7B. Trade in Other Prepared Meat represent 0.091% of total world trade.

Exports: In 2018 the top exporters of Other Prepared Meat  were Thailand ($2.7B), China ($1.79B), Germany ($1.73B), United States ($1.17B), and Poland ($926M).

Imports: In 2018 the top importers of Other Prepared Meat were Japan ($2.96B), United Kingdom ($2.63B), Germany ($1.08B), Netherlands ($932M), and United States ($886M).

Tariffs: In 2018 the average tariff for Other Prepared Meat was 30.9%, been the 21 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Prepared Meat are Iceland (144%), Barbados (134%), Turkey (121%), Austria (82.6%), and Canada (54.5%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Bosnia and Herzegovina (0%), and Switzerland (0%).

Ranking: Other Prepared Meat ranks 566th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Thailand, $2.7B

Top Destination (2018): Japan, $2.96B

Other Prepared Meat are the world's 221st most traded product.

In 2018, the top exporters of Other Prepared Meat were Thailand ($2.7B), China ($1.79B), Germany ($1.73B), United States ($1.17B), and Poland ($926M).

In 2018, the top importers of Other Prepared Meat were Japan ($2.96B), United Kingdom ($2.63B), Germany ($1.08B), Netherlands ($932M), and United States ($886M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $315M

Top Destination Growth (2017 - 2018): Japan, $253M

Between 2017 and 2018, the exports of Other Prepared Meat grew the fastest in Germany ($315M), China ($246M), Poland ($246M), Thailand ($199M), and Ireland ($184M).

Between 2017 and 2018, the fastest growing importers of Other Prepared Meat were Japan ($253M), United Kingdom ($238M), France ($206M), China ($101M), and United States ($100M).

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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 Prepared Meat.

In 2018,  market concentration measured using Shannon Entropy, was 4.48. This means that most of the exports of Other Prepared Meat are explained by 22 countries.

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TOP NET EXPORTER (2018): Thailand, $2.67B

TOP NET IMPORTER (2018): Japan, $2.95B

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

In 2018, the countries that had a largest trade value in exports than in imports of Other Prepared Meat were Thailand ($2.67B), China ($1.66B), Brazil ($907M), Poland ($807M), and Germany ($649M).

In 2018, the countries that had a largest trade value in imports than in exports of Other Prepared Meat were Japan ($2.95B), United Kingdom ($2.33B), Hong Kong ($641M), France ($250M), and Sweden ($242M).

Trade Forecasts

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This section shows forecasts for total trade for Other Prepared Meat. 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 Prepared Meat was 30.9%.  The countries with the highest tariffs for importing Other Prepared Meat were Iceland (144%), Barbados (134%), Turkey (121%), Austria (82.6%), and Canada (54.5%).

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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.