Animal and Vegetable Bi-Products
III (Harmonized System 1992 for Section)
Overview: This page contains the latest trade data of Animal and Vegetable Bi-Products. In 2018, Animal and Vegetable Bi-Products were the world's 19th most traded product, with a total trade of $108B. Between 2017 and 2018 the exports of Animal and Vegetable Bi-Products decreased by -0.12%, from $108B to $108B. Trade in Animal and Vegetable Bi-Products represent 0.59% of total world trade.
Exports: In 2018 the top exporters of Animal and Vegetable Bi-Products were Indonesia ($25B), Malaysia ($15.2B), Netherlands ($5.91B), Spain ($5.34B), and Ukraine ($4.54B).
Imports: In 2018 the top importers of Animal and Vegetable Bi-Products were India ($10.5B), China ($9.01B), United States ($7.69B), Netherlands ($7.43B), and Germany ($4.64B).
Tariffs: In 2018 the average tariff for Animal and Vegetable Bi-Products was 10.7%, making it the 9th lowest tariff using the Section product classification.
The countries with the highest import tariffs for Animal and Vegetable Bi-Products are Thailand (40.2%), Tunisia (32.7%), Barbados (29.7%), Trinidad and Tobago (25.5%), and Jamaica (25.1%). The countries with the lowest tariffs are Hong Kong (0%), Singapore (0%), Switzerland (0%), United States (1.07%), and Australia (1.11%).
Ranking: Animal and Vegetable Bi-Products ranks 19th in the Product Complexity Index (PCI).
Product Trade
#permalink to sectionExporters and Importers
#permalink to sectionTrade By Country
Animal and Vegetable Bi-Products are the world's 19th most traded product.
In 2018, the top exporters of Animal and Vegetable Bi-Products were Indonesia ($25B), Malaysia ($15.2B), Netherlands ($5.91B), Spain ($5.34B), and Ukraine ($4.54B).
In 2018, the top importers of Animal and Vegetable Bi-Products were India ($10.5B), China ($9.01B), United States ($7.69B), Netherlands ($7.43B), and Germany ($4.64B).
Market Dynamics
#permalink to sectionTrade by country
Between 2017 and 2018, the exports of Animal and Vegetable Bi-Products grew the fastest in China ($416M), Russia ($347M), Tunisia ($319M), Thailand ($243M), and Portugal ($225M).
Between 2017 and 2018, the fastest growing importers of Animal and Vegetable Bi-Products were Burma ($510M), Saudi Arabia ($396M), Afghanistan ($365M), Netherlands ($360M), and Canada ($302M).
Market Concentration
#permalink to sectionCumulative market share
This chart shows the evolution of the market concentration of exports of Animal and Vegetable Bi-Products.
In 2018, market concentration measured using Shannon Entropy, was 4.66. This means that most of the exports of Animal and Vegetable Bi-Products are explained by 25 countries.
Net Trade
#permalink to sectionThis map shows which countries export or import more of Animal and Vegetable Bi-Products. Each country is colored based on the difference in exports and imports of Animal and Vegetable Bi-Products during 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Animal and Vegetable Bi-Products were Indonesia ($24.6B), Malaysia ($13B), Ukraine ($4.21B), Argentina ($3.98B), and Canada ($2.19B).
In 2018, the countries that had a largest trade value in imports than in exports of Animal and Vegetable Bi-Products were India ($9.02B), China ($7.82B), United States ($3.99B), Pakistan ($2.15B), and Italy ($1.76B).
Disaggregation
#permalink to sectionIn 2018, the world most traded Animal and Vegetable Bi-Products, disaggragated by their HS6 level were Palm oil or fractions simply refined ($22.8B), Palm oil, crude ($8.63B), Sunflower-seed or safflower oil, crude ($7.08B), Soya-bean oil crude, whether or not... ($7.07B), and Olive oil, virgin ($7B)
Tariffs
#permalink to sectionImport Tariffs
#permalink to sectionIn 2018, the average tariff for importing Animal and Vegetable Bi-Products was 10.7%. The countries with the highest tariffs for importing Animal and Vegetable Bi-Products were Thailand (40.2%), Tunisia (32.7%), Barbados (29.7%), Trinidad and Tobago (25.5%), and Jamaica (25.1%).
Product Complexity
#permalink to sectionDiversification Frontier
#permalink to sectionThe 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.
