HS Icon Bovine, Sheep, and Goat Fat

1502 (Harmonized System 1992 for 4-digit)

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).

Historical Data

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Exporters and Importers

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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).

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Market Dynamics

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Trade by country

Value

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).

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Market Concentration

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Cumulative market share

Value

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.

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TOP NET EXPORTER (2019): Australia, $197M

TOP NET IMPORTER (2019): Singapore, $226M

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).

Disaggregation

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Value

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)

Import Tariffs

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In 2018, the average tariff for importing Bovine, Sheep, and Goat Fat was 9.08%. The countries with the highest tariffs for importing Bovine, Sheep, and Goat Fat were Tunisia (36%), Bahamas (35.7%), Cameroon (29.4%), Gabon (29.4%), and Chad (29.4%).

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.

Country by Relatedness

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The following visualization shows the relatedness of Bovine, Sheep, and Goat Fat to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.