HS Icon Animal Hides

VII (Harmonized System 1992 for Section)

World Trade (2018): $108B, Rnk 18 / 21

Top Exporter (2018): $32.2B, China

Top Importer (2018): $14.8B, United States

Product Complexity (2018): -0.25, Rnk 13 / 21

Export Growth (CAGR)(2017 - 2018): 9.43%, Rnk 14 / 21

Mean Tariff (2018): 10.8%, Rnk 8 / 21

Share of World Trade (2018): 0.59%, Rnk 18 / 21

Overview:  This page contains the latest trade data of Animal Hides. In 2018, Animal Hides were the world's 18th most traded product, with a total trade of $108B. Between 2017 and 2018 the exports of Animal Hides grew by 9.43%, from  $98.9B to $108B. Trade in Animal Hides represent 0.59% of total world trade.

Exports: In 2018 the top exporters of Animal Hides  were China ($32.2B), Italy ($13.9B), France ($9.46B), Vietnam ($4.56B), and Germany ($3.75B).

Imports: In 2018 the top importers of Animal Hides were United States ($14.8B), Italy ($7.35B), China ($6.86B), Hong Kong ($6.47B), and Germany ($6.17B).

Tariffs: In 2018 the average tariff for Animal Hides was 10.8%, been the 8 lowest tariff using the Section product classification.

The countries with the highest import tariffs for Animal Hides are Iran (51.7%), Syria (35.2%), Sudan (34.3%), Bahamas (30.2%), and Cape Verde (22.6%). The countries with the lowest tariffs are Hong Kong (0%), Singapore (0%), Switzerland (0%), Norway (0%), and Canada (1.48%).

Ranking: Animal Hides ranks 13th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $32.2B

Top Destination (2018): United States, $14.8B

Animal Hides are the world's 18th most traded product.

In 2018, the top exporters of Animal Hides were China ($32.2B), Italy ($13.9B), France ($9.46B), Vietnam ($4.56B), and Germany ($3.75B).

In 2018, the top importers of Animal Hides were United States ($14.8B), Italy ($7.35B), China ($6.86B), Hong Kong ($6.47B), and Germany ($6.17B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $2.1B

Top Destination Growth (2017 - 2018): United States, $1.96B

Between 2017 and 2018, the exports of Animal Hides grew the fastest in China ($2.1B), France ($1.96B), Netherlands ($699M), Germany ($551M), and Belgium-Luxembourg ($508M).

Between 2017 and 2018, the fastest growing importers of Animal Hides were United States ($1.96B), Germany ($1.03B), Switzerland ($680M), Japan ($580M), and Singapore ($522M).

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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 Hides.

In 2018,  market concentration measured using Shannon Entropy, was 4.35. This means that most of the exports of Animal Hides are explained by 20 countries.

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TOP NET EXPORTER (2018): China, $25.3B

TOP NET IMPORTER (2018): United States, $11.1B

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

In 2018, the countries that had a largest trade value in exports than in imports of Animal Hides were China ($25.3B), Italy ($6.6B), France ($4.45B), India ($2.26B), and Vietnam ($2.09B).

In 2018, the countries that had a largest trade value in imports than in exports of Animal Hides were United States ($11.1B), Hong Kong ($4.93B), Japan ($4.66B), United Kingdom ($2.65B), and Germany ($2.41B).

Trade Forecasts

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This section shows forecasts for total trade for Animal 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 Animal Hides was 10.8%.  The countries with the highest tariffs for importing Animal Hides were Iran (51.7%), Syria (35.2%), Sudan (34.3%), Bahamas (30.2%), and Cape Verde (22.6%).

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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.