HS Icon Bovine Meat

0201 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $24B, Rnk 160 / 1217

2019
Top Exporter | Top Importer
: $3.49B | $3.43B, United States | United States

2019
Product Complexity
: -0.62, Rnk 696 / 961

2018 - 2019
Export Growth (CAGR)
: -2.36%, Rnk 566 / 1217

2018
Mean Tariff
: 21%, Rnk 98 / 1259

 2019
Share of World Trade
: 0.13%, Rnk 160 / 1217

Overview:  This page contains the latest trade data of Bovine Meat. In 2019, Bovine Meat were the world's 160th most traded product, with a total trade of $24B. Between 2018 and 2019 the exports of Bovine Meat decreased by -2.36%, from  $24.6B to $24B. Trade in Bovine Meat represent 0.13% of total world trade.

Exports: In 2019 the top exporters of Bovine Meat  were United States ($3.49B), Australia ($2.73B), Netherlands ($2.35B), Canada ($1.77B), and Ireland ($1.72B).

Imports: In 2019 the top importers of Bovine Meat were United States ($3.43B), Japan ($2.21B), Germany ($1.97B), Italy ($1.94B), and Netherlands ($1.67B).

Tariffs: In 2018 the average tariff for Bovine Meat was 21%, making it the 98th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Bovine Meat are Cyprus (183%), Morocco (177%), Norway (150%), Iceland (117%), and Colombia (76.5%). The countries with the lowest tariffs are Egypt (0%), Mauritius (0%), United Arab Emirates (0%), Hong Kong (0%), and Kuwait (0%).

Ranking: Bovine Meat ranks 696th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2019): United States, $3.49B

Top Destination (2019): United States, $3.43B

Bovine Meat are the world's 160th most traded product.

In 2019, the top exporters of Bovine Meat were United States ($3.49B), Australia ($2.73B), Netherlands ($2.35B), Canada ($1.77B), and Ireland ($1.72B).

In 2019, the top importers of Bovine Meat were United States ($3.43B), Japan ($2.21B), Germany ($1.97B), Italy ($1.94B), and Netherlands ($1.67B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Canada, $240M

Top Destination Growth (2018 - 2019): United States, $371M

Between 2018 and 2019, the exports of Bovine Meat grew the fastest in Canada ($240M), Australia ($152M), Mexico ($149M), Pakistan ($43.1M), and New Zealand ($39.5M).

Between 2018 and 2019, the fastest growing importers of Bovine Meat were United States ($371M), China ($194M), Uruguay ($52.7M), Kazakhstan ($46.1M), and Saudi Arabia ($41.6M).

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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 Meat.

In 2019,  market concentration measured using Shannon Entropy, was 4.34. This means that most of the exports of Bovine Meat are explained by 20 countries.

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TOP NET EXPORTER (2019): Australia, $2.73B

TOP NET IMPORTER (2019): Japan, $2.08B

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

In 2019, the countries that had a largest trade value in exports than in imports of Bovine Meat were Australia ($2.73B), Ireland ($1.56B), Canada ($1.26B), Poland ($1.08B), and Brazil ($805M).

In 2019, the countries that had a largest trade value in imports than in exports of Bovine Meat were Japan ($2.08B), Italy ($1.5B), Chile ($925M), South Korea ($864M), and Germany ($843M).

Disaggregation

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Value

In 2019, the world most traded Bovine Meat, disaggragated by their HS6 level were Bovine cuts boneless, fresh or chilled ($17.6B), Bovine cuts bone in, fresh or... ($4.47B), and Bovine carcasses and half carcasses, fresh... ($1.94B)

Import Tariffs

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In 2018, the average tariff for importing Bovine Meat was 21%.  The countries with the highest tariffs for importing Bovine Meat were Cyprus (183%), Morocco (177%), Norway (150%), Iceland (117%), and Colombia (76.5%).

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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.