HS Icon Tanned Equine and Bovine Hides

4104 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $15.3B, Rnk 227 / 1217

2019
Top Exporter | Top Importer
: $3.06B | $2.3B, Italy | China

2019
Product Complexity
: -1.01, Rnk 781 / 961

2018 - 2019
Export Growth (CAGR)
: -19.6%, Rnk 1141 / 1217

2018
Mean Tariff
: 4.4%, Rnk 928 / 1259

 2019
Share of World Trade
: 0.085%, Rnk 227 / 1217

Overview:  This page contains the latest trade data of Tanned Equine and Bovine Hides. In 2019, Tanned Equine and Bovine Hides were the world's 227th most traded product, with a total trade of $15.3B. Between 2018 and 2019 the exports of Tanned Equine and Bovine Hides decreased by -19.6%, from  $19.1B to $15.3B. Trade in Tanned Equine and Bovine Hides represent 0.085% of total world trade.

Exports: In 2019 the top exporters of Tanned Equine and Bovine Hides  were Italy ($3.06B), United States ($1.57B), Brazil ($1.17B), Argentina ($719M), and Germany ($626M).

Imports: In 2019 the top importers of Tanned Equine and Bovine Hides were China ($2.3B), Italy ($1.72B), Vietnam ($1.35B), Hong Kong ($842M), and United States ($662M).

Tariffs: In 2018 the average tariff for Tanned Equine and Bovine Hides was 4.4%, making it the 928th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Tanned Equine and Bovine Hides are Bahamas (40.2%), Sudan (35%), Bermuda (25%), Malawi (22.6%), and Samoa (20%). The countries with the lowest tariffs are Ethiopia (0%), Mauritius (0%), Hong Kong (0%), Indonesia (0%), and Singapore (0%).

Ranking: Tanned Equine and Bovine Hides ranks 781st in the Product Complexity Index (PCI).

Description: Tanned hides and skins are used to make leather goods, such as shoes, clothing, and furniture.

Exporters and Importers

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Trade By Country

Top Origin (2019): Italy, $3.06B

Top Destination (2019): China, $2.3B

Tanned Equine and Bovine Hides are the world's 227th most traded product.

In 2019, the top exporters of Tanned Equine and Bovine Hides were Italy ($3.06B), United States ($1.57B), Brazil ($1.17B), Argentina ($719M), and Germany ($626M).

In 2019, the top importers of Tanned Equine and Bovine Hides were China ($2.3B), Italy ($1.72B), Vietnam ($1.35B), Hong Kong ($842M), and United States ($662M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $51.4M

Top Destination Growth (2018 - 2019): Vietnam, $33.9M

Between 2018 and 2019, the exports of Tanned Equine and Bovine Hides grew the fastest in China ($51.4M), Vietnam ($8.22M), Andorra ($7.41M), Nigeria ($5.51M), and Panama ($5.33M).

Between 2018 and 2019, the fastest growing importers of Tanned Equine and Bovine Hides were Vietnam ($33.9M), Cambodia ($32.3M), Myanmar ($13.9M), Moldova ($6.32M), and Philippines ($2.61M).

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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 Tanned Equine and Bovine Hides.

In 2019,  market concentration measured using Shannon Entropy, was 4.81. This means that most of the exports of Tanned Equine and Bovine Hides are explained by 27 countries.

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TOP NET EXPORTER (2019): Italy, $1.34B

TOP NET IMPORTER (2019): China, $1.71B

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

In 2019, the countries that had a largest trade value in exports than in imports of Tanned Equine and Bovine Hides were Italy ($1.34B), Brazil ($1.13B), United States ($910M), Argentina ($709M), and Australia ($201M).

In 2019, the countries that had a largest trade value in imports than in exports of Tanned Equine and Bovine Hides were China ($1.71B), Vietnam ($916M), Hong Kong ($717M), Indonesia ($344M), and Mexico ($260M).

Disaggregation

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Value

In 2019, the world most traded Tanned Equine and Bovine Hides, disaggragated by their HS6 level were Bovine and equine leather, full or... ($7.34B), Bovine leather, otherwise pre-tanned except whole... ($4.76B), Bovine and equine leather, nes ($3.08B), and Bovine and equine leather, tanned or... ($147M)

Import Tariffs

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In 2018, the average tariff for importing Tanned Equine and Bovine Hides was 4.4%.  The countries with the highest tariffs for importing Tanned Equine and Bovine Hides were Bahamas (40.2%), Sudan (35%), Bermuda (25%), Malawi (22.6%), and Samoa (20%).

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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.