HS Icon Pigs

0103 (Harmonized System 1992 for 4-digit)

World Trade (2018): $3.87B, Rnk 573 / 1225

Top Exporter (2018): $1B, Denmark

Top Importer (2018): $1.14B, Germany

Product Complexity (2018): 0.44, Rnk 399 / 1018

Export Growth (CAGR)(2017 - 2018): -9.47%, Rnk 1172 / 1225

Mean Tariff (2018): 11.6%, Rnk 332 / 1259

Share of World Trade (2018): 0.021%, Rnk 573 / 1225

Overview:  This page contains the latest trade data of Pigs. In 2018, Pigs were the world's 573rd most traded product, with a total trade of $3.87B. Between 2017 and 2018 the exports of Pigs decreased by -9.47%, from  $4.27B to $3.87B. Trade in Pigs represent 0.021% of total world trade.

Exports: In 2018 the top exporters of Pigs  were Denmark ($1B), Netherlands ($808M), China ($431M), Canada ($324M), and Germany ($202M).

Imports: In 2018 the top importers of Pigs were Germany ($1.14B), Poland ($454M), Hong Kong ($401M), United States ($305M), and Italy ($159M).

Tariffs: In 2018 the average tariff for Pigs was 11.6%, been the 332 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Pigs are Turkey (59.9%), Hungary (46.8%), Cyprus (43%), Morocco (43%), and Latvia (37.6%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), South Africa (0%), Hong Kong (0%), and Singapore (0%).

Ranking: Pigs ranks 399th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Denmark, $1B

Top Destination (2018): Germany, $1.14B

Pigs are the world's 573rd most traded product.

In 2018, the top exporters of Pigs were Denmark ($1B), Netherlands ($808M), China ($431M), Canada ($324M), and Germany ($202M).

In 2018, the top importers of Pigs were Germany ($1.14B), Poland ($454M), Hong Kong ($401M), United States ($305M), and Italy ($159M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Thailand, $98.4M

Top Destination Growth (2017 - 2018): Cambodia, $72.7M

Between 2017 and 2018, the exports of Pigs grew the fastest in Thailand ($98.4M), Croatia ($25.7M), France ($18.5M), Czechia ($15.5M), and Malaysia ($9.72M).

Between 2017 and 2018, the fastest growing importers of Pigs were Cambodia ($72.7M), Spain ($60.3M), Belgium-Luxembourg ($20.8M), Laos ($16.9M), and Hungary ($13.3M).

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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 Pigs.

In 2018,  market concentration measured using Shannon Entropy, was 3.46. This means that most of the exports of Pigs are explained by 11 countries.

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TOP NET EXPORTER (2018): Denmark, $999M

TOP NET IMPORTER (2018): Germany, $942M

This map shows which countries export or import more of Pigs. Each country is colored based on the difference in exports and imports of Pigs during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Pigs were Denmark ($999M), Netherlands ($656M), China ($419M), Canada ($322M), and France ($98.4M).

In 2018, the countries that had a largest trade value in imports than in exports of Pigs were Germany ($942M), Poland ($436M), United States ($284M), Italy ($159M), and Portugal ($112M).

Trade Forecasts

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This section shows forecasts for total trade for Pigs. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Pigs was 11.6%.  The countries with the highest tariffs for importing Pigs were Turkey (59.9%), Hungary (46.8%), Cyprus (43%), Morocco (43%), and Latvia (37.6%).

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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.