HS Icon Sheep and Goat Meat

0204 (Harmonized System 1992 for 4-digit)

Overview:  This page contains the latest trade data of Sheep and Goat Meat. In 2019, Sheep and Goat Meat were the world's 379th most traded product, with a total trade of $8.01B. Between 2018 and 2019 the exports of Sheep and Goat Meat decreased by -0.19%, from $8.02B to $8.01B. Trade in Sheep and Goat Meat represent 0.044% of total world trade.

Exports: In 2019 the top exporters of Sheep and Goat Meat  were Australia ($3.07B), New Zealand ($2.62B), United Kingdom ($524M), Ireland ($318M), and Spain ($218M).

Imports: In 2019 the top importers of Sheep and Goat Meat were China ($1.96B), United States ($1.07B), France ($570M), Germany ($410M), and United Kingdom ($394M).

Tariffs: In 2018 the average tariff for Sheep and Goat Meat was 18.5%, making it the 133rd lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Sheep and Goat Meat are Norway (247%), Turkey (206%), Morocco (173%), Cyprus (92.5%), and Iceland (84.2%). The countries with the lowest tariffs are Egypt (0%), Mauritius (0%), Hong Kong (0%), Japan (0%), and Maldives (0%).

Ranking: Sheep and Goat Meat ranks 907th in the Product Complexity Index (PCI).

Historical Data

#permalink to section

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2019): Australia, $3.07B

Top Destination (2019): China, $1.96B

Sheep and Goat Meat are the world's 379th most traded product.

In 2019, the top exporters of Sheep and Goat Meat were Australia ($3.07B), New Zealand ($2.62B), United Kingdom ($524M), Ireland ($318M), and Spain ($218M).

In 2019, the top importers of Sheep and Goat Meat were China ($1.96B), United States ($1.07B), France ($570M), Germany ($410M), and United Kingdom ($394M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2018 -  2019): Australia, $234M

Top Destination Growth (2018 - 2019): China, $629M

Between 2018 and 2019, the exports of Sheep and Goat Meat grew the fastest in Australia ($234M), United Kingdom ($20.2M), Kenya ($18.8M), Pakistan ($15.9M), and Mongolia ($8.32M).

Between 2018 and 2019, the fastest growing importers of Sheep and Goat Meat were China ($629M), United States ($41.3M), Trinidad and Tobago ($5.05M), Canada ($4.82M), and Ireland ($4.82M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Sheep and Goat Meat.

In 2019,  market concentration measured using Shannon Entropy, was 2.79. This means that most of the exports of Sheep and Goat Meat are explained by 6 countries.

Explore Visualizations

TOP NET EXPORTER (2019): Australia, $3.07B

TOP NET IMPORTER (2019): China, $1.94B

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

In 2019, the countries that had a largest trade value in exports than in imports of Sheep and Goat Meat were Australia ($3.07B), New Zealand ($2.62B), Ireland ($267M), Spain ($168M), and United Kingdom ($130M).

In 2019, the countries that had a largest trade value in imports than in exports of Sheep and Goat Meat were China ($1.94B), United States ($1.05B), France ($494M), United Arab Emirates ($357M), and Germany ($349M).

Disaggregation

#permalink to section
Value

In 2019, the world most traded Sheep and Goat Meat, disaggragated by their HS6 level were Sheep cuts, bone in, frozen ($3.26B), Sheep cuts, bone in, fresh or... ($1.21B), Lamb carcasses and half carcasses, fresh... ($985M), Sheep cuts, boneless, frozen ($930M), and Sheep cuts, boneless, fresh or chilled ($508M)

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Sheep and Goat Meat was 18.5%. The countries with the highest tariffs for importing Sheep and Goat Meat were Norway (247%), Turkey (206%), Morocco (173%), Cyprus (92.5%), and Iceland (84.2%).

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
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

#permalink to section

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