Frozen Bovine Meat0202 (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).
Trade By Country
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).
Trade by country
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).
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.
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).
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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