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150200 (Harmonized System 1992 for 6-digit)

2023
World Trade $2.75BRnk 1167 / 4644
2023
Top Exporter | Top Importer $642M | $1.17BAustralia | United States
2023
Product Complexity -0.63Rnk 3383 / 4656
2022 - 2023
Export Growth (CAGR) -2.18%Rnk 1781 / 4644
2023
Share of World Trade 0.012%Rnk 1167 / 4644

About

Overview This page contains the latest trade data of Bovine, sheep and goat fats, raw or rendered. In 2023, Bovine, sheep and goat fats, raw or rendered were the world's 1167th most traded product, with a total trade of $2.75B. Between 2022 and 2023 the exports of Bovine, sheep and goat fats, raw or rendered decreased by -2.18%, from $2.81B to $2.75B. Trade in Bovine, sheep and goat fats, raw or rendered represent 0.012% of total world trade.

Bovine, sheep and goat fats, raw or rendered are a part of Bovine, Sheep, and Goat Fat.

Exports In 2023 the top exporters of Bovine, sheep and goat fats, raw or rendered  were Australia ($642M), Canada ($344M), Brazil ($295M), Malaysia ($213M), and Uruguay ($150M).

Imports In 2023 the top importers of Bovine, sheep and goat fats, raw or rendered were United States ($1.17B), Singapore ($574M), Malaysia ($229M), Netherlands ($114M), and Belgium ($108M).

Ranking Bovine, sheep and goat fats, raw or rendered ranks 3383rd in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Bovine, sheep and goat fats, raw or rendered. 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 (2023)Australia$642M
Top Destination (2023)United States$1.17B

In 2023 Bovine, sheep and goat fats, raw or rendered were the world's 1167th most traded product (out of 4,644).

In 2023, the top exporters of Bovine, sheep and goat fats, raw or rendered were Australia ($642M), Canada ($344M), Brazil ($295M), Malaysia ($213M), and Uruguay ($150M).

In 2023, the top importers of Bovine, sheep and goat fats, raw or rendered were United States ($1.17B), Singapore ($574M), Malaysia ($229M), Netherlands ($114M), and Belgium ($108M).

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Exporters of Bovine, sheep and goat fats, raw or rendered (2023)
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Importers of Bovine, sheep and goat fats, raw or rendered (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Brazil$165M
Top Destination Growth (2022 -  2023)United States$227M

Between 2022 and 2023, the exports of Bovine, sheep and goat fats, raw or rendered grew the fastest in Brazil ($165M), Malaysia ($87.6M), Argentina ($46.6M), India ($45.2M), and Uruguay ($27M).

Between 2022 and 2023, the fastest growing importers of Bovine, sheep and goat fats, raw or rendered were United States ($227M), Malaysia ($82.1M), Uruguay ($26.7M), Singapore ($23.6M), and Chile ($5.06M).

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Exporters of Bovine, sheep and goat fats, raw or rendered (2022 - 2023)

Importers of Bovine, sheep and goat fats, raw or rendered (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Bovine, sheep and goat fats, raw or rendered.

In 2023, market concentration measured using Shannon Entropy, was 3.92. This means that most of the exports of Bovine, sheep and goat fats, raw or rendered are explained by 15 countries.

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Value of Exports in Bovine, sheep and goat fats, raw or rendered

Net Trade

TOP NET EXPORTER (2023)Australia$642M
TOP NET IMPORTER (2023)United States$1.03B

This map shows which countries export or import more of Bovine, sheep and goat fats, raw or rendered. Each country is colored based on the difference in exports and imports of Bovine, sheep and goat fats, raw or rendered during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Bovine, sheep and goat fats, raw or rendered were Australia ($642M), Canada ($283M), Brazil ($255M), India ($146M), and Argentina ($120M).

In 2023, the countries that had a largest trade value in imports than in exports of Bovine, sheep and goat fats, raw or rendered were United States ($1.03B), Singapore ($574M), Belgium ($79.6M), Netherlands ($78.6M), and China ($56.3M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Bovine, sheep and goat fats, raw or rendered.
It is possible to select the main countries that export or import Bovine, sheep and goat fats, raw or rendered in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Bovine, sheep and goat fats, raw or rendered by percentage of total exports

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 (2023)

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