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Extracts and juices of meat, fish or crustaceans, molluscs or other aquatic invertebrates

1603 (Harmonized System 1992 for 4-digit)

2022
World Trade $272MRnk 1120 / 1218
2022
Top Exporter | Top Importer $32M | $37MNew Zealand | United States
2021 - 2022
Export Growth (CAGR) -10.8%Rnk 1123 / 1218
2022
Share of World Trade 0.0011%Rnk 1120 / 1218

About

Overview This page contains the latest trade data of Animal Extracts. In 2022, Animal Extracts were the world's 1120th most traded product, with a total trade of $272M. Between 2021 and 2022 the exports of Animal Extracts decreased by -10.8%, from $305M to $272M. Trade in Animal Extracts represent 0.0011% of total world trade.

Animal Extracts are a part of Preparations of fish, crustacenas, & molluscs. They include Extracts, juices of meat, fish, aquatic invertebrates.

Exports In 2022 the top exporters of Animal Extracts  were New Zealand ($32M), Italy ($28.2M), China ($25.8M), France ($22.7M), and United States ($17.7M).

Imports In 2022 the top importers of Animal Extracts were United States ($37M), Japan ($35.9M), Germany ($26.5M), Hong Kong ($22.5M), and South Korea ($18.2M).

Description -

Latest Trends

Latest Data

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The following visualization shows the latest trends on Animal Extracts. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)New Zealand$32M
Top Destination (2022)United States$37M

In 2022 Animal Extracts were the world's 1120th most traded product (out of 1,218).

In 2022, the top exporters of Animal Extracts were New Zealand ($32M), Italy ($28.2M), China ($25.8M), France ($22.7M), and United States ($17.7M).

In 2022, the top importers of Animal Extracts were United States ($37M), Japan ($35.9M), Germany ($26.5M), Hong Kong ($22.5M), and South Korea ($18.2M).

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Exporters of Animal Extracts (2022)
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Importers of Animal Extracts (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Italy$5.13M
Top Destination Growth (2021 -  2022)Germany$5.17M

Between 2021 and 2022, the exports of Animal Extracts grew the fastest in Italy ($5.13M), Russia ($3.52M), Malaysia ($2.05M), Hong Kong ($1.96M), and Czechia ($1.85M).

Between 2021 and 2022, the fastest growing importers of Animal Extracts were Germany ($5.17M), Kazakhstan ($3.51M), Spain ($2.24M), Australia ($1.93M), and New Zealand ($1.65M).

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Exporters of Animal Extracts (2021 - 2022)

Importers of Animal Extracts (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Animal Extracts.

In 2022, market concentration measured using Shannon Entropy, was 4.4. This means that most of the exports of Animal Extracts are explained by 21 countries.

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Value of Exports in Animal Extracts

Net Trade

TOP NET EXPORTER (2022)New Zealand$28.5M
TOP NET IMPORTER (2022)Japan$32.4M

This map shows which countries export or import more of Animal Extracts. Each country is colored based on the difference in exports and imports of Animal Extracts during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Animal Extracts were New Zealand ($28.5M), Italy ($24.6M), China ($23.9M), Brazil ($15.8M), and France ($14.2M).

In 2022, the countries that had a largest trade value in imports than in exports of Animal Extracts were Japan ($32.4M), Germany ($23.2M), United States ($19.4M), Hong Kong ($14.2M), and South Korea ($11.8M).

Net Trade (2022)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Animal Extracts.
It is possible to select the main countries that export or import Animal Extracts in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Animal Extracts by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $273k
TOP IMPORT POTENTIALFrance+ $234k

Animal Extracts’s highest export potential is United States. With an export gap of $273k.  Animal Extracts’s highest import potential is France with an import gap of $234k.

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Product Complexity

Diversification Frontier

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.

Relatedness vs Country Complexity (2022)

Country by Relatedness

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

Relative Relatedness by Country (2022)

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