HS Icon Bovine cuts boneless, frozen

020230 (Harmonized System 1992 for 6-digit)

Overview:  This page contains the latest trade data of Bovine cuts boneless, frozen. In 2019, Bovine cuts boneless, frozen were the world's 97th most traded product, with a total trade of $25.7B. Between 2018 and 2019 the exports of Bovine cuts boneless, frozen grew by 15.3%, from $22.3B to $25.7B. Trade in Bovine cuts boneless, frozen represent 0.14% of total world trade.

Exports: In 2019 the top exporters of Bovine cuts boneless, frozen  were Brazil ($5.65B), Australia ($4.38B), India ($2.91B), United States ($2.54B), and Argentina ($2.25B).

Imports: In 2019 the top importers of Bovine cuts boneless, frozen were China ($8.2B), United States ($2.14B), Hong Kong ($1.47B), Japan ($1.38B), and Vietnam ($1.31B).

Tariffs: In 2018 the average tariff for Bovine cuts boneless, frozen was 23.1%, making it the 399th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Bovine cuts boneless, frozen are Norway (256%), Turkey (225%), Cyprus (212%), Iceland (185%), and Morocco (135%). The countries with the lowest tariffs are Egypt (0%), Mauritius (0%), Hong Kong (0%), Lebanon (0%), and Maldives (0%).

Ranking: Bovine cuts boneless, frozen ranks 3871st in the Product Complexity Index (PCI).

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Brazil, $5.65B

Top Destination (2019): China, $8.2B

Bovine cuts boneless, frozen are the world's 97th most traded product.

In 2019, the top exporters of Bovine cuts boneless, frozen were Brazil ($5.65B), Australia ($4.38B), India ($2.91B), United States ($2.54B), and Argentina ($2.25B).

In 2019, the top importers of Bovine cuts boneless, frozen were China ($8.2B), United States ($2.14B), Hong Kong ($1.47B), Japan ($1.38B), and Vietnam ($1.31B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Brazil, $1.12B

Top Destination Growth (2018 - 2019): China, $3.9B

Between 2018 and 2019, the exports of Bovine cuts boneless, frozen grew the fastest in Brazil ($1.12B), Argentina ($1.06B), Australia ($739M), United Arab Emirates ($324M), and Uruguay ($166M).

Between 2018 and 2019, the fastest growing importers of Bovine cuts boneless, frozen were China ($3.9B), Iran ($192M), Egypt ($182M), United Arab Emirates ($104M), and Indonesia ($72.5M).

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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 cuts boneless, frozen.

In 2019,  market concentration measured using Shannon Entropy, was 3.71. This means that most of the exports of Bovine cuts boneless, frozen are explained by 13 countries.

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TOP NET EXPORTER (2019): Brazil, $5.55B

TOP NET IMPORTER (2019): China, $8.18B

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

In 2019, the countries that had a largest trade value in exports than in imports of Bovine cuts boneless, frozen were Brazil ($5.55B), Australia ($4.37B), India ($2.91B), Argentina ($2.22B), and New Zealand ($1.83B).

In 2019, the countries that had a largest trade value in imports than in exports of Bovine cuts boneless, frozen were China ($8.18B), Vietnam ($1.31B), Japan ($1.24B), Hong Kong ($1.23B), and South Korea ($1.23B).

Import Tariffs

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In 2018, the average tariff for importing Bovine cuts boneless, frozen was 23.1%. The countries with the highest tariffs for importing Bovine cuts boneless, frozen were Norway (256%), Turkey (225%), Cyprus (212%), Iceland (185%), and Morocco (135%).

Product Complexity

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Diversification Frontier

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Specialization

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.