HS Code:
The 'Meat' category, classified under HS Code 02, encompasses a wide range of products including fresh, chilled, and frozen meat of bovine animals, swine, sheep, goats, and poultry, as well as edible offal and processed meat products. This category is a critical component of global food trade, driven by dietary preferences, cultural practices, and economic factors. Meat trade is influenced by factors such as livestock production capacity, disease outbreaks, trade agreements, and consumer demand for protein-rich diets.
Total Trade Volume
USD 150 billion
Data from 2022
Source
United Nations Comtrade Database & World Trade Organization (WTO)
USD 25 billion
16.7% of total trade of total trade
Increasing
USD 20 billion
13.3% of total trade of total trade
Stable
USD 15 billion
10.0% of total trade of total trade
Increasing
USD 10 billion
6.7% of total trade of total trade
Stable
USD 8 billion
5.3% of total trade of total trade
Decreasing
Average Rate
12.5%
Highest Rate
35% (imposed by certain developing countries on poultry and pork)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Rising demand for poultry in Asia
Increased exports from Brazil and the US to meet demand in countries like China and India due to population growth and changing diets.
2021-2022
Shift towards sustainable and organic meat
Growing consumer preference for ethically sourced and organic meat in Europe and North America, influencing production and trade policies.
2020-2022
Impact of African Swine Fever (ASF)
Significant reduction in pork supply from China, leading to higher imports and a shift in global pork trade dynamics.
2019-2022
A new phase of the US-China trade deal has reduced tariffs on American beef exports to China, opening up a major market for US producers.
January 2023
Expected to boost US beef exports by USD 2 billion annually.
The European Union lifted restrictions on certain Brazilian meat processing plants after improvements in sanitary controls were verified.
March 2023
Strengthens Brazil's position as a leading meat exporter to the EU market.
Widespread avian influenza outbreaks have led to temporary export bans on poultry from affected regions in the US and Canada.
February 2023
Short-term reduction in poultry trade volume, with potential price increases globally.