HS Icon Frozen Bovine Meat

0202 (Harmonized System 1992 for 4-digit)

World Trade (2019): $28.2B, Rnk 132 / 1217

Top Exporter (2019): $5.67B, Brazil

Top Importer (2019): $8.93B, China

Product Complexity (2019): -0.81, Rnk 734 / 961

Export Growth (CAGR)(2018 - 2019): 15.1%, Rnk 43 / 1217

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

Share of World Trade (2019): 0.16%, Rnk 132 / 1217

Overview:  This page contains the latest trade data of Frozen Bovine Meat. In 2019, Frozen Bovine Meat were the world's 132nd most traded product, with a total trade of $28.2B. Between 2018 and 2019 the exports of Frozen Bovine Meat grew by 15.1%, from  $24.5B to $28.2B. Trade in Frozen Bovine Meat represent 0.16% of total world trade.

Exports: In 2019 the top exporters of Frozen Bovine Meat  were Brazil ($5.67B), Australia ($4.81B), United States ($3.36B), India ($2.94B), and Argentina ($2.34B).

Imports: In 2019 the top importers of Frozen Bovine Meat were China ($8.93B), United States ($2.18B), South Korea ($2.06B), Hong Kong ($1.66B), and Japan ($1.4B).

Tariffs: In 2018 the average tariff for Frozen Bovine Meat was 22.3%, making it the 87th 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 734th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2019): Brazil, $5.67B

Top Destination (2019): China, $8.93B

Frozen Bovine Meat are the world's 132nd most traded product.

In 2019, the top exporters of Frozen Bovine Meat were Brazil ($5.67B), Australia ($4.81B), United States ($3.36B), India ($2.94B), and Argentina ($2.34B).

In 2019, the top importers of Frozen Bovine Meat were China ($8.93B), United States ($2.18B), South Korea ($2.06B), Hong Kong ($1.66B), and Japan ($1.4B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Argentina, $1.12B

Top Destination Growth (2018 - 2019): China, $4.26B

Between 2018 and 2019, the exports of Frozen Bovine Meat grew the fastest in Argentina ($1.12B), Brazil ($1.1B), Australia ($863M), United Arab Emirates ($322M), and Uruguay ($224M).

Between 2018 and 2019, the fastest growing importers of Frozen Bovine Meat were China ($4.26B), Iran ($191M), Egypt ($179M), South Korea ($155M), and United Arab Emirates ($99M).

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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 2019,  market concentration measured using Shannon Entropy, was 3.77. This means that most of the exports of Frozen Bovine Meat are explained by 13 countries.

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TOP NET EXPORTER (2019): Brazil, $5.57B

TOP NET IMPORTER (2019): China, $8.92B

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Frozen Bovine Meat were Brazil ($5.57B), Australia ($4.8B), India ($2.94B), Argentina ($2.31B), and New Zealand ($2.06B).

In 2019, the countries that had a largest trade value in imports than in exports of Frozen Bovine Meat were China ($8.92B), South Korea ($2.06B), Hong Kong ($1.39B), Vietnam ($1.33B), and Japan ($1.25B).

Disaggregation

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Value

In 2019, the world most traded Frozen Bovine Meat, disaggragated by their HS6 level were Bovine cuts boneless, frozen ($25.7B), Bovine cuts bone in, frozen ($2.34B), and Bovine carcasses and half carcasses, frozen ($156M)

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.