HS Icon Animal Food

2309 (Harmonized System 1992 for 4-digit)

World Trade (2018): $30.8B, Rnk 122 / 1225

Top Exporter (2018): $3.23B, Netherlands

Top Importer (2018): $2.68B, Germany

Product Complexity (2018): -0.3, Rnk 636 / 1018

Export Growth (CAGR)(2017 - 2018): 15.3%, Rnk 501 / 1225

Mean Tariff (2018): 16%, Rnk 168 / 1259

Share of World Trade (2018): 0.17%, Rnk 122 / 1225

Overview: In 2018, Animal Food were the world's 122nd most traded product, with a total trade of $30.8B. Between 2017 and 2018 the exports of Animal Food grew by 15.3%, from  $26.7B to $30.8B. Trade in Animal Food represent 0.17% of total world trade.

Exports: In 2018 the top exporters of Animal Food  were Netherlands ($3.23B), United States ($3.16B), Germany ($3.05B), France ($2.56B), and China ($1.99B).

Imports: In 2018 the top importers of Animal Food were Germany ($2.68B), United States ($1.61B), United Kingdom ($1.45B), Netherlands ($1.41B), and France ($1.38B).

Tariffs: In 2018 the average tariff for Animal Food was 16%, been the 168 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Animal Food are Cyprus (100%), Iceland (36.4%), Tunisia (36%), Bulgaria (35.2%), and Uzbekistan (28.7%). The countries with the lowest tariffs are Hong Kong (0%), Singapore (0%), Switzerland (0%), Bahamas (0%), and Australia (0%).

Ranking: Animal Food ranks 636th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Netherlands, $3.23B

Top Destination (2018): Germany, $2.68B

Animal Food are the world's 122nd most traded product.

In 2018, the top exporters of Animal Food were Netherlands ($3.23B), United States ($3.16B), Germany ($3.05B), France ($2.56B), and China ($1.99B).

In 2018, the top importers of Animal Food were Germany ($2.68B), United States ($1.61B), United Kingdom ($1.45B), Netherlands ($1.41B), and France ($1.38B).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $472M

Top Destination Growth (2017 - 2018): Germany, $423M

Between 2017 and 2018, the exports of Animal Food grew the fastest in China ($472M), Thailand ($404M), Germany ($315M), Poland ($306M), and Netherlands ($252M).

Between 2017 and 2018, the fastest growing importers of Animal Food were Germany ($423M), Poland ($250M), Palestine ($243M), France ($229M), and Canada ($228M).

Market Concentration

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Cumulative market share

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

In 2018,  market concentration measured using Shannon Entropy, was 4.81. This means that most of the exports of Animal Food are explained by 28 countries.

TOP NET EXPORTER (2018): Netherlands, $1.82B

TOP NET IMPORTER (2018): Japan, $892M

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

In 2018, the countries that had a largest trade value in exports than imports of Animal Food were Netherlands ($1.82B), United States ($1.55B), China ($1.5B), Thailand ($1.29B), and France ($1.18B).

In 2018, the countries that had a largest trade value in imports than exports of Animal Food were Japan ($892M), Russia ($604M), Philippines ($411M), South Korea ($392M), and Vietnam ($391M).

Trade Forecasts

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This section shows forecasts for total trade for Animal Food. 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 Food was 16%.  The countries with the highest tariffs for importing Animal Food were Cyprus (100%), Iceland (36.4%), Tunisia (36%), Bulgaria (35.2%), and Uzbekistan (28.7%).

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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.