HS Icon Pig and Poultry Fat

1501 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Pig and Poultry Fat. In 2019, Pig and Poultry Fat were the world's 1034th most traded product, with a total trade of $481M. Between 2018 and 2019 the exports of Pig and Poultry Fat decreased by -18.2%, from $588M to $481M. Trade in Pig and Poultry Fat represent 0.0027% of total world trade.

Exports In 2019 the top exporters of Pig and Poultry Fat  were United States ($101M), France ($79M), Germany ($49M), Spain ($33.2M), and Canada ($27.1M).

Imports In 2019 the top importers of Pig and Poultry Fat were Netherlands ($144M), Spain ($51.1M), United Kingdom ($45.5M), France ($28.2M), and Mexico ($22.5M).

Tariffs In 2018 the average tariff for Pig and Poultry Fat was 13.7%, making it the 242nd lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Pig and Poultry Fat are Oman (62.8%), Estonia (48%), Romania (39.8%), Tunisia (36%), and Maldives (32.5%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Singapore (0%), and Switzerland (0%).

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): United States, $101M

Top Destination (2019): Netherlands, $144M

Pig and Poultry Fat are the world's 1034th most traded product.

In 2019, the top exporters of Pig and Poultry Fat were United States ($101M), France ($79M), Germany ($49M), Spain ($33.2M), and Canada ($27.1M).

In 2019, the top importers of Pig and Poultry Fat were Netherlands ($144M), Spain ($51.1M), United Kingdom ($45.5M), France ($28.2M), and Mexico ($22.5M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Ukraine, $3.28M

Top Destination Growth (2018 - 2019): Lithuania, $3.11M

Between 2018 and 2019, the exports of Pig and Poultry Fat grew the fastest in Ukraine ($3.28M), Poland ($2.64M), Lithuania ($2.33M), Italy ($2.07M), and United Kingdom ($1.67M).

Between 2018 and 2019, the fastest growing importers of Pig and Poultry Fat were Lithuania ($3.11M), China ($2.53M), Poland ($2.37M), Greece ($1.7M), and United Kingdom ($1.49M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Pig and Poultry Fat.

In 2019,  market concentration measured using Shannon Entropy, was 3.85. This means that most of the exports of Pig and Poultry Fat are explained by 14 countries.

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TOP NET EXPORTER (2019): United States, $79.5M

TOP NET IMPORTER (2019): Netherlands, $118M

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

In 2019, the countries that had a largest trade value in exports than in imports of Pig and Poultry Fat were United States ($79.5M), France ($50.8M), Germany ($29.1M), Canada ($19.1M), and Sweden ($15.1M).

In 2019, the countries that had a largest trade value in imports than in exports of Pig and Poultry Fat were Netherlands ($118M), United Kingdom ($30.7M), Mexico ($21.5M), Spain ($17.9M), and Czechia ($10.5M).

Disaggregation

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Value

In 2019, the world most traded Pig and Poultry Fat, disaggragated by their HS6 level were Lard, other pig fat and poultry... ($481M)

Import Tariffs

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In 2018, the average tariff for importing Pig and Poultry Fat was 13.7%. The countries with the highest tariffs for importing Pig and Poultry Fat were Oman (62.8%), Estonia (48%), Romania (39.8%), Tunisia (36%), and Maldives (32.5%).

Product Complexity

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Diversification Frontier

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Specialization

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.

Country by Relatedness

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The following visualization shows the relatedness of Pig and Poultry Fat to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.