HS Icon Bovine

0102 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $9.05B, Rnk 340 / 1217

2019
Top Exporter | Top Importer
: $1.57B | $1.58B, France | United States

2019
Product Complexity
: -0.77, Rnk 724 / 961

2018 - 2019
Export Growth (CAGR)
: -9.37%, Rnk 945 / 1217

2018
Mean Tariff
: 11.6%, Rnk 335 / 1259

 2019
Share of World Trade
: 0.05%, Rnk 340 / 1217

Overview:  This page contains the latest trade data of Bovine. In 2019, Bovine were the world's 340th most traded product, with a total trade of $9.05B. Between 2018 and 2019 the exports of Bovine decreased by -9.37%, from  $9.99B to $9.05B. Trade in Bovine represent 0.05% of total world trade.

Exports: In 2019 the top exporters of Bovine  were France ($1.57B), Australia ($1.33B), Canada ($981M), Mexico ($599M), and Brazil ($383M).

Imports: In 2019 the top importers of Bovine were United States ($1.58B), Italy ($1.25B), China ($536M), Vietnam ($511M), and Indonesia ($510M).

Tariffs: In 2018 the average tariff for Bovine was 11.6%, making it the 335th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Bovine are Morocco (131%), Slovakia (65.4%), Czechia (65.4%), Cyprus (63.4%), and South Korea (41.6%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Mauritius (0%), South Africa (0%), and United Arab Emirates (0%).

Ranking: Bovine ranks 724th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2019): France, $1.57B

Top Destination (2019): United States, $1.58B

Bovine are the world's 340th most traded product.

In 2019, the top exporters of Bovine were France ($1.57B), Australia ($1.33B), Canada ($981M), Mexico ($599M), and Brazil ($383M).

In 2019, the top importers of Bovine were United States ($1.58B), Italy ($1.25B), China ($536M), Vietnam ($511M), and Indonesia ($510M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Australia, $179M

Top Destination Growth (2018 - 2019): Vietnam, $205M

Between 2018 and 2019, the exports of Bovine grew the fastest in Australia ($179M), Canada ($166M), Thailand ($85.3M), Laos ($79.3M), and Kazakhstan ($59M).

Between 2018 and 2019, the fastest growing importers of Bovine were Vietnam ($205M), Algeria ($90.9M), Laos ($67.9M), Uzbekistan ($59.6M), and Iraq ($49.5M).

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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 Bovine.

In 2019,  market concentration measured using Shannon Entropy, was 4.42. This means that most of the exports of Bovine are explained by 21 countries.

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TOP NET EXPORTER (2019): France, $1.5B

TOP NET IMPORTER (2019): United States, $1.31B

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

In 2019, the countries that had a largest trade value in exports than in imports of Bovine were France ($1.5B), Australia ($1.33B), Canada ($780M), Mexico ($561M), and Brazil ($382M).

In 2019, the countries that had a largest trade value in imports than in exports of Bovine were United States ($1.31B), Italy ($1.24B), China ($479M), Turkey ($465M), and Russia ($188M).

Disaggregation

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Value

In 2019, the world most traded Bovine, disaggragated by their HS6 level were Bovine animals, live, except pure-bred breeding ($7.69B) and Bovine animals, live pure-bred breeding ($1.36B)

Import Tariffs

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In 2018, the average tariff for importing Bovine was 11.6%.  The countries with the highest tariffs for importing Bovine were Morocco (131%), Slovakia (65.4%), Czechia (65.4%), Cyprus (63.4%), and South Korea (41.6%).

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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.