HS Icon Other Animal Fats

1506 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $415M, Rnk 1053 / 1217

2019
Top Exporter | Top Importer
: $116M | $80.3M, Netherlands | Netherlands

2018 - 2019
Export Growth (CAGR)
: 23.2%, Rnk 25 / 1217

2018
Mean Tariff
: 6.45%, Rnk 657 / 1259

 2019
Share of World Trade
: 0.0023%, Rnk 1053 / 1217

Overview:  This page contains the latest trade data of Other Animal Fats. In 2019, Other Animal Fats were the world's 1053rd most traded product, with a total trade of $415M. Between 2018 and 2019 the exports of Other Animal Fats grew by 23.2%, from  $337M to $415M. Trade in Other Animal Fats represent 0.0023% of total world trade.

Exports: In 2019 the top exporters of Other Animal Fats  were Netherlands ($116M), Belgium ($45.5M), United States ($41.3M), Germany ($37.6M), and France ($36.2M).

Imports: In 2019 the top importers of Other Animal Fats were Netherlands ($80.3M), Finland ($74.5M), Germany ($47.2M), Spain ($25.7M), and South Korea ($24.3M).

Tariffs: In 2018 the average tariff for Other Animal Fats was 6.45%, making it the 657th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Animal Fats are Tunisia (36%), Bahamas (35.7%), Sri Lanka (29.9%), Cameroon (29.4%), and Gabon (29.4%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Maldives (0%), Singapore (0%), and Turkey (0%).

Exporters and Importers

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Trade By Country

Top Origin (2019): Netherlands, $116M

Top Destination (2019): Netherlands, $80.3M

Other Animal Fats are the world's 1053rd most traded product.

In 2019, the top exporters of Other Animal Fats were Netherlands ($116M), Belgium ($45.5M), United States ($41.3M), Germany ($37.6M), and France ($36.2M).

In 2019, the top importers of Other Animal Fats were Netherlands ($80.3M), Finland ($74.5M), Germany ($47.2M), Spain ($25.7M), and South Korea ($24.3M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Netherlands, $25M

Top Destination Growth (2018 - 2019): Finland, $67.9M

Between 2018 and 2019, the exports of Other Animal Fats grew the fastest in Netherlands ($25M), United Kingdom ($21.6M), Belgium ($14.8M), Spain ($6.74M), and United States ($6.58M).

Between 2018 and 2019, the fastest growing importers of Other Animal Fats were Finland ($67.9M), Netherlands ($28.7M), South Korea ($21.2M), Germany ($18M), and France ($6.36M).

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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 Other Animal Fats.

In 2019,  market concentration measured using Shannon Entropy, was 3.69. This means that most of the exports of Other Animal Fats are explained by 12 countries.

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TOP NET EXPORTER (2019): Netherlands, $36.1M

TOP NET IMPORTER (2019): Finland, $74.4M

This map shows which countries export or import more of Other Animal Fats. Each country is colored based on the difference in exports and imports of Other Animal Fats during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Other Animal Fats were Netherlands ($36.1M), United States ($34.3M), Belgium ($27.6M), United Kingdom ($27M), and France ($23.9M).

In 2019, the countries that had a largest trade value in imports than in exports of Other Animal Fats were Finland ($74.4M), Sweden ($23.7M), South Korea ($16.5M), Canada ($15.6M), and Spain ($12.1M).

Disaggregation

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Value

In 2019, the world most traded Other Animal Fats, disaggragated by their HS6 level were Animal fats,oils,fractions not chemically modified ne ($415M)

Import Tariffs

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In 2018, the average tariff for importing Other Animal Fats was 6.45%.  The countries with the highest tariffs for importing Other Animal Fats were Tunisia (36%), Bahamas (35.7%), Sri Lanka (29.9%), Cameroon (29.4%), and Gabon (29.4%).

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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.