Equine and Bovine Hides4101 (Harmonized System 1992 for 4-digit)
2019 World Trade: $323M, Rnk 1083 / 1217
2019 Top Exporter | Top Importer: $112M | $109M, United States | Mexico
2018 - 2019 Export Growth (CAGR): -26%, Rnk 1180 / 1217
2018 Mean Tariff: 3.5%, Rnk 1079 / 1259
2019 Share of World Trade: 0.0018%, Rnk 1083 / 1217
Overview: This page contains the latest trade data of Equine and Bovine Hides. In 2019, Equine and Bovine Hides were the world's 1083rd most traded product, with a total trade of $323M. Between 2018 and 2019 the exports of Equine and Bovine Hides decreased by -26%, from $437M to $323M. Trade in Equine and Bovine Hides represent 0.0018% of total world trade.
Exports: In 2019 the top exporters of Equine and Bovine Hides were United States ($112M), Italy ($40.4M), Austria ($19.2M), Australia ($16.6M), and Slovenia ($14.6M).
Imports: In 2019 the top importers of Equine and Bovine Hides were Mexico ($109M), China ($23.3M), Italy ($17.8M), Nigeria ($17.3M), and Spain ($16.9M).
Tariffs: In 2018 the average tariff for Equine and Bovine Hides was 3.5%, making it the 1079th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Equine and Bovine Hides are Bahamas (40.2%), Sudan (35%), Bermuda (25%), Turkmenistan (20%), and Samoa (20%). The countries with the lowest tariffs are Angola (0%), Ethiopia (0%), Mauritius (0%), Armenia (0%), and Hong Kong (0%).
Description: Bovine and equine raw hides and skins are used to make leather products. Raw hides are used to make leather articles, such as shoes, gloves, and belts. Raw skins are used to make leather articles, such as coats, saddles, harnesses, and car seats.
Trade By Country
Top Origin (2019): United States, $112M
Top Destination (2019): Mexico, $109M
Equine and Bovine Hides are the world's 1083rd most traded product.
In 2019, the top exporters of Equine and Bovine Hides were United States ($112M), Italy ($40.4M), Austria ($19.2M), Australia ($16.6M), and Slovenia ($14.6M).
In 2019, the top importers of Equine and Bovine Hides were Mexico ($109M), China ($23.3M), Italy ($17.8M), Nigeria ($17.3M), and Spain ($16.9M).
Trade by country
Top Origin Growth (2018 - 2019): Australia, $7.31M
Top Destination Growth (2018 - 2019): Nigeria, $5.54M
Between 2018 and 2019, the exports of Equine and Bovine Hides grew the fastest in Australia ($7.31M), Tanzania ($4.23M), Slovenia ($3.46M), Chile ($1.01M), and Poland ($986k).
Between 2018 and 2019, the fastest growing importers of Equine and Bovine Hides were Nigeria ($5.54M), Australia ($1.84M), South Africa ($1.57M), Egypt ($958k), and France ($864k).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Equine and Bovine Hides.
In 2019, market concentration measured using Shannon Entropy, was 4.02. This means that most of the exports of Equine and Bovine Hides are explained by 16 countries.
TOP NET EXPORTER (2019): United States, $110M
TOP NET IMPORTER (2019): Mexico, $108M
This map shows which countries export or import more of Equine and Bovine Hides. Each country is colored based on the difference in exports and imports of Equine and Bovine Hides during 2019.
In 2019, the countries that had a largest trade value in exports than in imports of Equine and Bovine Hides were United States ($110M), Italy ($22.6M), Austria ($15.9M), Australia ($13.4M), and Slovenia ($9.38M).
In 2019, the countries that had a largest trade value in imports than in exports of Equine and Bovine Hides were Mexico ($108M), China ($12.4M), Japan ($12.2M), Spain ($10M), and Egypt ($8.65M).
In 2019, the world most traded Equine and Bovine Hides, disaggragated by their HS6 level were Hide sections, bovine, nes, fresh or... ($185M), Bovine hides, whole, fresh or wet-salted ($121M), Bovine skins, whole, raw ($8.24M), and Bovine hides, raw, nes ($8.15M)
In 2018, the average tariff for importing Equine and Bovine Hides was 3.5%. The countries with the highest tariffs for importing Equine and Bovine Hides were Bahamas (40.2%), Sudan (35%), Bermuda (25%), Turkmenistan (20%), and Samoa (20%).
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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