HS Icon Animal feed preparations nes

230990 (Harmonized System 1992 for 6-digit)

World Trade (2018): $16.6B, Rnk 165 / 4726

Top Exporter (2018): $2.12B, Netherlands

Top Importer (2018): $1.03B, Germany

Product Complexity (2018): -0.52, Rnk 3419 / 4873

Export Growth (CAGR)(2017 - 2018): 15.8%, Rnk 1806 / 4726

Mean Tariff (2018): 17.9%, Rnk 757 / 6538

Share of World Trade (2018): 0.09%, Rnk 165 / 4726

Overview:  This page contains the latest trade data of Animal feed preparations nes. In 2018, Animal feed preparations nes were the world's 165th most traded product, with a total trade of $16.6B. Between 2017 and 2018 the exports of Animal feed preparations nes grew by 15.8%, from  $14.3B to $16.6B. Trade in Animal feed preparations nes represent 0.09% of total world trade.

Exports: In 2018 the top exporters of Animal feed preparations nes  were Netherlands ($2.12B), United States ($1.69B), Germany ($1.3B), Belgium-Luxembourg ($1.25B), and China ($1.21B).

Imports: In 2018 the top importers of Animal feed preparations nes were Germany ($1.03B), Netherlands ($852M), Belgium-Luxembourg ($759M), France ($646M), and Vietnam ($591M).

Tariffs: In 2018 the average tariff for Animal feed preparations nes was 17.9%, been the 757 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Animal feed preparations nes are Cyprus (107%), Bulgaria (46.8%), Iceland (40.5%), Norway (38.6%), and Tunisia (36%). The countries with the lowest tariffs are Madagascar (0%), Hong Kong (0%), Sri Lanka (0%), Singapore (0%), and Taiwan (0%).

Ranking: Animal feed preparations nes ranks 3419th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Netherlands, $2.12B

Top Destination (2018): Germany, $1.03B

Animal feed preparations nes are the world's 165th most traded product.

In 2018, the top exporters of Animal feed preparations nes were Netherlands ($2.12B), United States ($1.69B), Germany ($1.3B), Belgium-Luxembourg ($1.25B), and China ($1.21B).

In 2018, the top importers of Animal feed preparations nes were Germany ($1.03B), Netherlands ($852M), Belgium-Luxembourg ($759M), France ($646M), and Vietnam ($591M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $326M

Top Destination Growth (2017 - 2018): Palestine, $243M

Between 2017 and 2018, the exports of Animal feed preparations nes grew the fastest in China ($326M), Belgium-Luxembourg ($264M), Israel ($238M), United States ($170M), and Netherlands ($163M).

Between 2017 and 2018, the fastest growing importers of Animal feed preparations nes were Palestine ($243M), Canada ($207M), Netherlands ($150M), Vietnam ($144M), and Germany ($139M).

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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 Animal feed preparations nes.

In 2018,  market concentration measured using Shannon Entropy, was 4.9. This means that most of the exports of Animal feed preparations nes are explained by 29 countries.

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TOP NET EXPORTER (2018): Netherlands, $1.26B

TOP NET IMPORTER (2018): Vietnam, $408M

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

In 2018, the countries that had a largest trade value in exports than in imports of Animal feed preparations nes were Netherlands ($1.26B), United States ($1.12B), China ($849M), Belgium-Luxembourg ($492M), and France ($422M).

In 2018, the countries that had a largest trade value in imports than in exports of Animal feed preparations nes were Vietnam ($408M), Russia ($384M), Philippines ($322M), Indonesia ($278M), and Palestine ($243M).

Trade Forecasts

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This section shows forecasts for total trade for Animal feed preparations nes. 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 feed preparations nes was 17.9%.  The countries with the highest tariffs for importing Animal feed preparations nes were Cyprus (107%), Bulgaria (46.8%), Iceland (40.5%), Norway (38.6%), and Tunisia (36%).

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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.