Overview: This page contains the latest trade data of Animal Products. In 2018, Animal Products were the world's 13th most traded product, with a total trade of $371B. Between 2017 and 2018 the exports of Animal Products grew by 7.14%, from $346B to $371B. Trade in Animal Products represent 2.02% of total world trade.
Imports: In 2018 the top importers of Animal Productswere United States ($31.1B), China ($29.2B), Germany ($24.1B), Japan ($23.1B), and Italy ($16.9B).
Tariffs: In 2018 the average tariff for Animal Products was 47.8%, been the 1 lowest tariff using the Section product classification.
Between 2017 and 2018, the fastest growing importers of Animal Products were China ($6.02B), South Korea ($1.82B), Netherlands ($1.66B), France ($1.59B), and Thailand ($1.37B).
This chart shows the evolution of the market concentration of exports of Animal Products.
In 2018, market concentration measured using Shannon Entropy, was 5.45. This means that most of the exports of Animal Products are explained by 43 countries.
This map shows which countries export or import more of Animal Products. Each country is colored based on the difference in exports and imports of Animal Products during 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Animal Products were New Zealand ($16.4B), Brazil ($12.8B), Australia ($12.4B), Norway ($11.1B), and India ($10.6B).
In 2018, the countries that had a largest trade value in imports than in exports of Animal Products were Japan ($21.1B), China ($12.7B), South Korea ($9.89B), Italy ($9.7B), and Hong Kong ($7.95B).
In 2018, the average tariff for importing Animal Products was 47.8%. The countries with the highest tariffs for importing Animal Products were Austria (2.47k%), Cyprus (92.7%), Turkey (66.6%), Barbados (40.9%), and Morocco (35.6%).
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.