Bovine, Sheep, and Goat Fat1502 (Harmonized System 1992 for 4-digit)
World Trade (2019): $1.23B, Rnk 860 / 1217
Top Exporter (2019): $299M, United States
Top Importer (2019): $226M, Singapore
Product Complexity (2019): -0.76, Rnk 722 / 961
Export Growth (CAGR)(2018 - 2019): -5.58%, Rnk 765 / 1217
Mean Tariff (2018): 9.08%, Rnk 469 / 1259
Share of World Trade (2019): 0.0068%, Rnk 860 / 1217
Overview: This page contains the latest trade data of Bovine, Sheep, and Goat Fat. In 2019, Bovine, Sheep, and Goat Fat were the world's 860th most traded product, with a total trade of $1.23B. Between 2018 and 2019 the exports of Bovine, Sheep, and Goat Fat decreased by -5.58%, from $1.3B to $1.23B. Trade in Bovine, Sheep, and Goat Fat represent 0.0068% of total world trade.
Exports: In 2019 the top exporters of Bovine, Sheep, and Goat Fat were United States ($299M), Australia ($197M), Canada ($152M), France ($85.6M), and New Zealand ($65.1M).
Imports: In 2019 the top importers of Bovine, Sheep, and Goat Fat were Singapore ($226M), Mexico ($186M), United States ($152M), Netherlands ($116M), and Belgium ($82.5M).
Tariffs: In 2018 the average tariff for Bovine, Sheep, and Goat Fat was 9.08%, making it the 469th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Bovine, Sheep, and Goat Fat are Tunisia (36%), Bahamas (35.7%), Cameroon (29.4%), Gabon (29.4%), and Chad (29.4%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Japan (0%), and Maldives (0%).
Ranking: Bovine, Sheep, and Goat Fat ranks 722nd in the Product Complexity Index (PCI).
Trade By Country
Top Origin (2019): United States, $299M
Top Destination (2019): Singapore, $226M
Bovine, Sheep, and Goat Fat are the world's 860th most traded product.
In 2019, the top exporters of Bovine, Sheep, and Goat Fat were United States ($299M), Australia ($197M), Canada ($152M), France ($85.6M), and New Zealand ($65.1M).
In 2019, the top importers of Bovine, Sheep, and Goat Fat were Singapore ($226M), Mexico ($186M), United States ($152M), Netherlands ($116M), and Belgium ($82.5M).
Trade by country
Top Origin Growth (2018 - 2019): Canada, $28.8M
Top Destination Growth (2018 - 2019): United States, $44.6M
Between 2018 and 2019, the exports of Bovine, Sheep, and Goat Fat grew the fastest in Canada ($28.8M), Brazil ($11M), Malaysia ($9.06M), Uruguay ($4.16M), and Spain ($4.06M).
Between 2018 and 2019, the fastest growing importers of Bovine, Sheep, and Goat Fat were United States ($44.6M), Mexico ($13.8M), Finland ($4.4M), Philippines ($3.93M), and China ($3.36M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Bovine, Sheep, and Goat Fat.
In 2019, market concentration measured using Shannon Entropy, was 3.8. This means that most of the exports of Bovine, Sheep, and Goat Fat are explained by 13 countries.
This map shows which countries export or import more of Bovine, Sheep, and Goat Fat. Each country is colored based on the difference in exports and imports of Bovine, Sheep, and Goat Fat during 2019.
In 2019, the countries that had a largest trade value in exports than in imports of Bovine, Sheep, and Goat Fat were Australia ($197M), United States ($147M), Canada ($129M), France ($77.1M), and New Zealand ($63M).
In 2019, the countries that had a largest trade value in imports than in exports of Bovine, Sheep, and Goat Fat were Singapore ($226M), Mexico ($185M), Netherlands ($89.6M), China ($72M), and Belgium ($69.2M).
In 2019, the world most traded Bovine, Sheep, and Goat Fat, disaggragated by their HS6 level were Bovine, sheep and goat fats, raw... ($1.23B)
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.
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