HS Icon Frozen Bovine Meat

0202 (Harmonized System 1992 for 4-digit)

World Trade (2018): $24.6B, Rnk 158 / 1225

Top Exporter (2018): $4.57B, Brazil

Top Importer (2018): $4.67B, China

Product Complexity (2018): -0.6, Rnk 729 / 1018

Export Growth (CAGR)(2017 - 2018): 9.51%, Rnk 803 / 1225

Mean Tariff (2018): 22.3%, Rnk 87 / 1259

Share of World Trade (2018): 0.13%, Rnk 158 / 1225

Overview:  This page contains the latest trade data of Frozen Bovine Meat. In 2018, Frozen Bovine Meat were the world's 158th most traded product, with a total trade of $24.6B. Between 2017 and 2018 the exports of Frozen Bovine Meat grew by 9.51%, from  $22.4B to $24.6B. Trade in Frozen Bovine Meat represent 0.13% of total world trade.

Exports: In 2018 the top exporters of Frozen Bovine Meat  were Brazil ($4.57B), Australia ($3.91B), United States ($3.44B), India ($3.34B), and New Zealand ($1.89B).

Imports: In 2018 the top importers of Frozen Bovine Meat were China ($4.67B), Hong Kong ($2.2B), United States ($2.14B), Vietnam ($2.01B), and South Korea ($1.89B).

Tariffs: In 2018 the average tariff for Frozen Bovine Meat was 22.3%, been the 87 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Frozen Bovine Meat are Cyprus (201%), Morocco (157%), Iceland (153%), Norway (150%), and Turkey (109%). The countries with the lowest tariffs are Egypt (0%), Mauritius (0%), Hong Kong (0%), Maldives (0%), and Singapore (0%).

Ranking: Frozen Bovine Meat ranks 729th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Brazil, $4.57B

Top Destination (2018): China, $4.67B

Frozen Bovine Meat are the world's 158th most traded product.

In 2018, the top exporters of Frozen Bovine Meat were Brazil ($4.57B), Australia ($3.91B), United States ($3.44B), India ($3.34B), and New Zealand ($1.89B).

In 2018, the top importers of Frozen Bovine Meat were China ($4.67B), Hong Kong ($2.2B), United States ($2.14B), Vietnam ($2.01B), and South Korea ($1.89B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $838M

Top Destination Growth (2017 - 2018): China, $1.62B

Between 2017 and 2018, the exports of Frozen Bovine Meat grew the fastest in United States ($838M), Argentina ($589M), Australia ($374M), Brazil ($244M), and Hong Kong ($149M).

Between 2017 and 2018, the fastest growing importers of Frozen Bovine Meat were China ($1.62B), South Korea ($373M), Japan ($238M), Indonesia ($169M), and Hong Kong ($164M).

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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 Frozen Bovine Meat.

In 2018,  market concentration measured using Shannon Entropy, was 3.76. This means that most of the exports of Frozen Bovine Meat are explained by 13 countries.

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TOP NET EXPORTER (2018): Brazil, $4.46B

TOP NET IMPORTER (2018): China, $4.66B

This map shows which countries export or import more of Frozen Bovine Meat. Each country is colored based on the difference in exports and imports of Frozen Bovine Meat during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Frozen Bovine Meat were Brazil ($4.46B), Australia ($3.9B), India ($3.34B), New Zealand ($1.87B), and United States ($1.3B).

In 2018, the countries that had a largest trade value in imports than in exports of Frozen Bovine Meat were China ($4.66B), Vietnam ($2.01B), Hong Kong ($1.96B), South Korea ($1.89B), and Japan ($1.33B).

Trade Forecasts

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This section shows forecasts for total trade for Frozen Bovine Meat. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Frozen Bovine Meat was 22.3%.  The countries with the highest tariffs for importing Frozen Bovine Meat were Cyprus (201%), Morocco (157%), Iceland (153%), Norway (150%), and Turkey (109%).

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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.