HS Icon Sheep and Goats

0104 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.92B, Rnk 749 / 1225

Top Exporter (2018): $482M, Sudan

Top Importer (2018): $591M, Saudi Arabia

Product Complexity (2018): -1.47, Rnk 934 / 1018

Export Growth (CAGR)(2017 - 2018): 12.8%, Rnk 630 / 1225

Mean Tariff (2018): 15.4%, Rnk 183 / 1259

Share of World Trade (2018): 0.01%, Rnk 749 / 1225

Overview:  This page contains the latest trade data of Sheep and Goats. In 2018, Sheep and Goats were the world's 749th most traded product, with a total trade of $1.92B. Between 2017 and 2018 the exports of Sheep and Goats grew by 12.8%, from  $1.7B to $1.92B. Trade in Sheep and Goats represent 0.01% of total world trade.

Exports: In 2018 the top exporters of Sheep and Goats  were Sudan ($482M), Romania ($238M), Somalia ($176M), Spain ($157M), and Iran ($147M).

Imports: In 2018 the top importers of Sheep and Goats were Saudi Arabia ($591M), Qatar ($206M), Libya ($165M), Oman ($160M), and Kuwait ($136M).

Tariffs: In 2018 the average tariff for Sheep and Goats was 15.4%, been the 183 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Sheep and Goats are Austria (89.1%), Morocco (87.3%), Turkey (58.3%), Israel (54.9%), and Cyprus (43.1%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Mauritius (0%), South Africa (0%), and United Arab Emirates (0%).

Ranking: Sheep and Goats ranks 934th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Sudan, $482M

Top Destination (2018): Saudi Arabia, $591M

Sheep and Goats are the world's 749th most traded product.

In 2018, the top exporters of Sheep and Goats were Sudan ($482M), Romania ($238M), Somalia ($176M), Spain ($157M), and Iran ($147M).

In 2018, the top importers of Sheep and Goats were Saudi Arabia ($591M), Qatar ($206M), Libya ($165M), Oman ($160M), and Kuwait ($136M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Iran, $131M

Top Destination Growth (2017 - 2018): Saudi Arabia, $89.8M

Between 2017 and 2018, the exports of Sheep and Goats grew the fastest in Iran ($131M), Oman ($88.8M), Somalia ($87.8M), Israel ($30.2M), and Portugal ($28.4M).

Between 2017 and 2018, the fastest growing importers of Sheep and Goats were Saudi Arabia ($89.8M), Qatar ($85.6M), Oman ($39.3M), Palestine ($35.7M), and Israel ($22.5M).

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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 Sheep and Goats.

In 2018,  market concentration measured using Shannon Entropy, was 3.83. This means that most of the exports of Sheep and Goats are explained by 14 countries.

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TOP NET EXPORTER (2018): Sudan, $482M

TOP NET IMPORTER (2018): Saudi Arabia, $573M

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

In 2018, the countries that had a largest trade value in exports than in imports of Sheep and Goats were Sudan ($482M), Romania ($231M), Somalia ($176M), Iran ($145M), and Australia ($137M).

In 2018, the countries that had a largest trade value in imports than in exports of Sheep and Goats were Saudi Arabia ($573M), Kuwait ($128M), Italy ($71.5M), Oman ($62.3M), and Turkey ($41.9M).

Trade Forecasts

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This section shows forecasts for total trade for Sheep and Goats. 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 Sheep and Goats was 15.4%.  The countries with the highest tariffs for importing Sheep and Goats were Austria (89.1%), Morocco (87.3%), Turkey (58.3%), Israel (54.9%), and Cyprus (43.1%).

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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.