Overview:  This page contains the latest trade data of Pig Meat. In 2019, Pig Meat were the world's 110th most traded product, with a total trade of $33.1B. Between 2018 and 2019 the exports of Pig Meat grew by 16.1%, from $28.5B to $33.1B. Trade in Pig Meat represent 0.18% of total world trade.

Exports: In 2019 the top exporters of Pig Meat  were United States ($5.23B), Spain ($5.11B), Germany ($5.04B), Denmark ($2.86B), and Netherlands ($2.66B).

Imports: In 2019 the top importers of Pig Meat were China ($5.93B), Japan ($4.59B), Italy ($2.35B), Germany ($1.73B), and Poland ($1.57B).

Tariffs: In 2018 the average tariff for Pig Meat was 21.7%, making it the 94th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Pig Meat are Turkey (223%), Iceland (213%), Barbados (174%), Cyprus (105%), and Saudi Arabia (91.9%). The countries with the lowest tariffs are Mauritius (0%), United Arab Emirates (0%), Hong Kong (0%), Kuwait (0%), and Singapore (0%).

Ranking: Pig Meat ranks 276th in the Product Complexity Index (PCI).

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): United States, $5.23B

Top Destination (2019): China, $5.93B

Pig Meat are the world's 110th most traded product.

In 2019, the top exporters of Pig Meat were United States ($5.23B), Spain ($5.11B), Germany ($5.04B), Denmark ($2.86B), and Netherlands ($2.66B).

In 2019, the top importers of Pig Meat were China ($5.93B), Japan ($4.59B), Italy ($2.35B), Germany ($1.73B), and Poland ($1.57B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Spain, $1.05B

Top Destination Growth (2018 - 2019): China, $3.84B

Between 2018 and 2019, the exports of Pig Meat grew the fastest in Spain ($1.05B), United States ($724M), Germany ($635M), Netherlands ($521M), and Brazil ($417M).

Between 2018 and 2019, the fastest growing importers of Pig Meat were China ($3.84B), Italy ($221M), Japan ($211M), Australia ($127M), and Romania ($86.4M).

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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 Pig Meat.

In 2019,  market concentration measured using Shannon Entropy, was 3.79. This means that most of the exports of Pig Meat are explained by 13 countries.

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TOP NET EXPORTER (2019): Spain, $4.89B

TOP NET IMPORTER (2019): China, $5.79B

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

In 2019, the countries that had a largest trade value in exports than in imports of Pig Meat were Spain ($4.89B), United States ($4.16B), Germany ($3.3B), Denmark ($2.62B), and Canada ($2.17B).

In 2019, the countries that had a largest trade value in imports than in exports of Pig Meat were China ($5.79B), Japan ($4.58B), Italy ($2.14B), South Korea ($1.56B), and Czechia ($668M).

Disaggregation

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Value

In 2019, the world most traded Pig Meat, disaggragated by their HS6 level were Swine cuts, frozen nes ($14.6B), Swine cuts, fresh or chilled, nes ($9.9B), Swine hams, shoulders & cuts bone... ($3.93B), Swine carcasses and half carcasses, fresh... ($2.41B), and Hams, shoulders and cuts, of swine,... ($1.57B)

Import Tariffs

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In 2018, the average tariff for importing Pig Meat was 21.7%. The countries with the highest tariffs for importing Pig Meat were Turkey (223%), Iceland (213%), Barbados (174%), Cyprus (105%), and Saudi Arabia (91.9%).

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 Meat to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.