HS Icon Animal Meal and Pellets

2301 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $6.97B, Rnk 414 / 1217

2019
Top Exporter | Top Importer
: $1.54B | $2.01B, Peru | China

2019
Product Complexity
: -1.24, Rnk 832 / 961

2018 - 2019
Export Growth (CAGR)
: -0.73%, Rnk 449 / 1217

2018
Mean Tariff
: 3.18%, Rnk 1118 / 1259

 2019
Share of World Trade
: 0.038%, Rnk 414 / 1217

Overview:  This page contains the latest trade data of Animal Meal and Pellets. In 2019, Animal Meal and Pellets were the world's 414th most traded product, with a total trade of $6.97B. Between 2018 and 2019 the exports of Animal Meal and Pellets decreased by -0.73%, from  $7.02B to $6.97B. Trade in Animal Meal and Pellets represent 0.038% of total world trade.

Exports: In 2019 the top exporters of Animal Meal and Pellets  were Peru ($1.54B), United States ($715M), Denmark ($372M), Chile ($308M), and Germany ($284M).

Imports: In 2019 the top importers of Animal Meal and Pellets were China ($2.01B), Vietnam ($540M), Norway ($286M), Japan ($285M), and Germany ($254M).

Tariffs: In 2018 the average tariff for Animal Meal and Pellets was 3.18%, making it the 1118th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Animal Meal and Pellets are Bahamas (40.2%), Algeria (27.1%), Tunisia (25.5%), Maldives (24.5%), and Sudan (21.9%). The countries with the lowest tariffs are Angola (0%), Madagascar (0%), Mauritius (0%), South Africa (0%), and Zambia (0%).

Ranking: Animal Meal and Pellets ranks 832nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2019): Peru, $1.54B

Top Destination (2019): China, $2.01B

Animal Meal and Pellets are the world's 414th most traded product.

In 2019, the top exporters of Animal Meal and Pellets were Peru ($1.54B), United States ($715M), Denmark ($372M), Chile ($308M), and Germany ($284M).

In 2019, the top importers of Animal Meal and Pellets were China ($2.01B), Vietnam ($540M), Norway ($286M), Japan ($285M), and Germany ($254M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Hungary, $103M

Top Destination Growth (2018 - 2019): Vietnam, $103M

Between 2018 and 2019, the exports of Animal Meal and Pellets grew the fastest in Hungary ($103M), United States ($92.3M), Italy ($56.4M), United Kingdom ($35.5M), and Morocco ($34.2M).

Between 2018 and 2019, the fastest growing importers of Animal Meal and Pellets were Vietnam ($103M), Philippines ($54.8M), Denmark ($44.6M), United Kingdom ($30.2M), and Canada ($26.1M).

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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 Meal and Pellets.

In 2019,  market concentration measured using Shannon Entropy, was 4.79. This means that most of the exports of Animal Meal and Pellets are explained by 27 countries.

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TOP NET EXPORTER (2019): Peru, $1.53B

TOP NET IMPORTER (2019): China, $1.99B

This map shows which countries export or import more of Animal Meal and Pellets. Each country is colored based on the difference in exports and imports of Animal Meal and Pellets during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Animal Meal and Pellets were Peru ($1.53B), United States ($503M), Denmark ($226M), Morocco ($185M), and Mauritania ($179M).

In 2019, the countries that had a largest trade value in imports than in exports of Animal Meal and Pellets were China ($1.99B), Vietnam ($361M), Japan ($274M), Indonesia ($204M), and Chinese Taipei ($187M).

Disaggregation

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Value

In 2019, the world most traded Animal Meal and Pellets, disaggragated by their HS6 level were Flour or meal, pellet, fish, etc,... ($4.69B) and Flour or meal, pellet of meat... ($2.28B)

Import Tariffs

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In 2018, the average tariff for importing Animal Meal and Pellets was 3.18%.  The countries with the highest tariffs for importing Animal Meal and Pellets were Bahamas (40.2%), Algeria (27.1%), Tunisia (25.5%), Maldives (24.5%), and Sudan (21.9%).

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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.