HS Icon Tanned Equine and Bovine Hides

4104 (Harmonized System 1992 for 4-digit)

World Trade (2018): $18.7B, Rnk 196 / 1225

Top Exporter (2018): $3.53B, Italy

Top Importer (2018): $3.11B, China

Product Complexity (2018): -0.98, Rnk 813 / 1018

Export Growth (CAGR)(2017 - 2018): -3.6%, Rnk 1130 / 1225

Mean Tariff (2018): 4.4%, Rnk 928 / 1259

Share of World Trade (2018): 0.1%, Rnk 196 / 1225

Overview: In 2018, Tanned Equine and Bovine Hides were the world's 196th most traded product, with a total trade of $18.7B. Between 2017 and 2018 the exports of Tanned Equine and Bovine Hides decreased by -3.6%, from  $19.4B to $18.7B. Trade in Tanned Equine and Bovine Hides represent 0.1% of total world trade.

Exports: In 2018 the top exporters of Tanned Equine and Bovine Hides  were Italy ($3.53B), United States ($1.79B), Brazil ($1.45B), Germany ($876M), and Argentina ($795M).

Imports: In 2018 the top importers of Tanned Equine and Bovine Hides were China ($3.11B), Italy ($2.45B), Vietnam ($1.29B), Hong Kong ($1.14B), and United States ($814M).

Tariffs: In 2018 the average tariff for Tanned Equine and Bovine Hides was 4.4%, been the 928 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Tanned Equine and Bovine Hides are Bahamas (40.2%), Sudan (35%), Bermuda (25%), Malawi (22.6%), and Samoa (20%). The countries with the lowest tariffs are Ethiopia (0%), Mauritius (0%), Hong Kong (0%), Indonesia (0%), and Singapore (0%).

Ranking: Tanned Equine and Bovine Hides ranks 813th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Italy, $3.53B

Top Destination (2018): China, $3.11B

Tanned Equine and Bovine Hides are the world's 196th most traded product.

In 2018, the top exporters of Tanned Equine and Bovine Hides were Italy ($3.53B), United States ($1.79B), Brazil ($1.45B), Germany ($876M), and Argentina ($795M).

In 2018, the top importers of Tanned Equine and Bovine Hides were China ($3.11B), Italy ($2.45B), Vietnam ($1.29B), Hong Kong ($1.14B), and United States ($814M).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Thailand, $247M

Top Destination Growth (2017 - 2018): Vietnam, $263M

Between 2017 and 2018, the exports of Tanned Equine and Bovine Hides grew the fastest in Thailand ($247M), Austria ($207M), Chinese Taipei ($122M), Uzbekistan ($94.5M), and Croatia ($72.5M).

Between 2017 and 2018, the fastest growing importers of Tanned Equine and Bovine Hides were Vietnam ($263M), Croatia ($254M), Thailand ($165M), Cambodia ($85.3M), and Chinese Taipei ($74.1M).

Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Tanned Equine and Bovine Hides.

In 2018,  market concentration measured using Shannon Entropy, was 4.93. This means that most of the exports of Tanned Equine and Bovine Hides are explained by 30 countries.

TOP NET EXPORTER (2018): Brazil, $1.42B

TOP NET IMPORTER (2018): China, $2.59B

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

In 2018, the countries that had a largest trade value in exports than imports of Tanned Equine and Bovine Hides were Brazil ($1.42B), Italy ($1.08B), United States ($974M), Argentina ($783M), and Australia ($295M).

In 2018, the countries that had a largest trade value in imports than exports of Tanned Equine and Bovine Hides were China ($2.59B), Vietnam ($942M), Hong Kong ($936M), Indonesia ($336M), and Romania ($320M).

Trade Forecasts

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This section shows forecasts for total trade for Tanned Equine and Bovine Hides. 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 Tanned Equine and Bovine Hides was 4.4%.  The countries with the highest tariffs for importing Tanned Equine and Bovine Hides were Bahamas (40.2%), Sudan (35%), Bermuda (25%), Malawi (22.6%), and Samoa (20%).

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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.