HS Icon Pharmaceutical Animal Products

0510 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $318M, Rnk 1086 / 1217

2019
Top Exporter | Top Importer
: $79.1M | $90.7M, Brazil | Hong Kong

2018 - 2019
Export Growth (CAGR)
: -4.21%, Rnk 701 / 1217

2018
Mean Tariff
: 6.41%, Rnk 661 / 1259

 2019
Share of World Trade
: 0.0018%, Rnk 1086 / 1217

Overview:  This page contains the latest trade data of Pharmaceutical Animal Products. In 2019, Pharmaceutical Animal Products were the world's 1086th most traded product, with a total trade of $318M. Between 2018 and 2019 the exports of Pharmaceutical Animal Products decreased by -4.21%, from  $332M to $318M. Trade in Pharmaceutical Animal Products represent 0.0018% of total world trade.

Exports: In 2019 the top exporters of Pharmaceutical Animal Products  were Brazil ($79.1M), United States ($25.3M), Hong Kong ($23.3M), Colombia ($17.6M), and Kazakhstan ($16.4M).

Imports: In 2019 the top importers of Pharmaceutical Animal Products were Hong Kong ($90.7M), South Korea ($49.5M), Brazil ($39.3M), Japan ($26.4M), and New Zealand ($26M).

Tariffs: In 2018 the average tariff for Pharmaceutical Animal Products was 6.41%, making it the 661st lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Pharmaceutical Animal Products are Tunisia (36%), Bahamas (31.2%), Cameroon (29.4%), Gabon (29.4%), and Chad (29.4%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Lebanon (0%), and Singapore (0%).

Exporters and Importers

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Trade By Country

Top Origin (2019): Brazil, $79.1M

Top Destination (2019): Hong Kong, $90.7M

Pharmaceutical Animal Products are the world's 1086th most traded product.

In 2019, the top exporters of Pharmaceutical Animal Products were Brazil ($79.1M), United States ($25.3M), Hong Kong ($23.3M), Colombia ($17.6M), and Kazakhstan ($16.4M).

In 2019, the top importers of Pharmaceutical Animal Products were Hong Kong ($90.7M), South Korea ($49.5M), Brazil ($39.3M), Japan ($26.4M), and New Zealand ($26M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Brazil, $12.1M

Top Destination Growth (2018 - 2019): Hong Kong, $15.8M

Between 2018 and 2019, the exports of Pharmaceutical Animal Products grew the fastest in Brazil ($12.1M), Russia ($4.33M), South Korea ($3.69M), Colombia ($2.13M), and Germany ($2.04M).

Between 2018 and 2019, the fastest growing importers of Pharmaceutical Animal Products were Hong Kong ($15.8M), Denmark ($3.12M), Japan ($2.78M), Australia ($1.79M), and Italy ($1.27M).

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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 Pharmaceutical Animal Products.

In 2019,  market concentration measured using Shannon Entropy, was 4.37. This means that most of the exports of Pharmaceutical Animal Products are explained by 20 countries.

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TOP NET EXPORTER (2019): Brazil, $39.8M

TOP NET IMPORTER (2019): Hong Kong, $67.4M

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

In 2019, the countries that had a largest trade value in exports than in imports of Pharmaceutical Animal Products were Brazil ($39.8M), Colombia ($17.6M), Kazakhstan ($16.3M), Russia ($14.1M), and United States ($13.9M).

In 2019, the countries that had a largest trade value in imports than in exports of Pharmaceutical Animal Products were Hong Kong ($67.4M), South Korea ($44M), Japan ($25.9M), New Zealand ($19.2M), and Germany ($9.73M).

Disaggregation

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Value

In 2019, the world most traded Pharmaceutical Animal Products, disaggragated by their HS6 level were Ambergris, civet, musk, etc for pharmaceutical... ($318M)

Import Tariffs

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In 2018, the average tariff for importing Pharmaceutical Animal Products was 6.41%.  The countries with the highest tariffs for importing Pharmaceutical Animal Products were Tunisia (36%), Bahamas (31.2%), Cameroon (29.4%), Gabon (29.4%), and Chad (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.