HS Code:
The 'Stock' category, often associated with live animals or animal products under the Harmonized System (HS) Code framework (typically under HS Chapters 01-05), includes commodities such as live animals, meat, dairy, and other animal-derived products. This category is vital to global food security, agricultural economies, and industrial supply chains. Trade in this category is influenced by factors such as animal health regulations, cultural dietary preferences, and regional production capacities.
Total Trade Volume
USD 250 billion
Data from 2022
Source
World Trade Organization (WTO) and International Trade Centre (ITC)
USD 40 billion
16% of total trade of total trade
Increasing
USD 30 billion
12% of total trade of total trade
Increasing
USD 25 billion
10% of total trade of total trade
Stable
USD 20 billion
8% of total trade of total trade
Increasing
USD 15 billion
6% of total trade of total trade
Stable
Average Rate
12.5%
Highest Rate
35% (imposed by certain developing countries on meat products)
Lowest Rate
0% (under free trade agreements like EU Single Market)
Rising demand for organic and free-range animal products
Increased production costs but higher market prices and consumer trust in sustainable practices
2021-2023
Growth in plant-based meat alternatives
Reduced demand for traditional meat products in developed markets, pushing producers to diversify
2020-2023
Stricter biosecurity regulations post-pandemic
Higher compliance costs for exporters, slowing trade in live animals
2020-2022
The European Union introduced new veterinary certification requirements for meat imports to prevent the spread of animal diseases like African Swine Fever.
January 2023
Increased compliance costs for exporters, potential delays in shipments to EU markets
A bilateral agreement was signed to reduce tariffs on Brazilian beef exports to the United States, boosting trade volumes.
March 2023
Enhanced market access for Brazilian exporters, potentially increasing competition for US domestic producers
Due to supply chain disruptions and adverse weather conditions in key producing regions, global dairy prices reached a 5-year high.
October 2022
Higher costs for consumers, increased revenue for dairy exporters in countries like New Zealand and the Netherlands