Heading · Section III

1502: Fats of bovine animals, sheep or goats, other than those of heading 1503

1502
  • 2%UK
  • 0%–3.2%EU
  • 40%–75%Türkiye
  • —USA
  • US$2.8bnWorld trade in 2024

Heading 1502 is divided into 2 six-digit subheadings and sits in chapter 15, animal, vegetable or microbial fats and oils and their cleavage products.

The UK Global Tariff divides heading 1502 into 6 tariff lines; the duty is 2%.

In the EU Combined Nomenclature, heading 1502 covers 4 tariff lines and the duty is between 0% and 3.2%. 2 of them are duty-free.

The Turkish Customs Tariff Schedule divides heading 1502 into 5 tariff lines; the statutory rate is between 40% and 75% (average 54%).

In the Harmonized Tariff Schedule of the United States all 2 lines under heading 1502 carry a specific or compound duty rather than a percentage.

In 2024, countries exported heading 1502 goods worth US$2.8bn (−20.4% year on year).

The largest exporter was Australia (US$777.5m), followed by Brazil.

The biggest buyer was the United States, with imports of US$891.5m.

The United Kingdom ranked 14th among 93 exporters with US$33.8m.

The United Kingdom imported US$15m.

Duty rates compared

UK 2% Third-country duty 6 tariff lines EU Free – 3.2% Third-country duty 4 tariff lines · average 1.6% Türkiye 40% – 75% Statutory rate (Law 474) 5 tariff lines · average 54% USA specific or compound duty General (MFN) 2 tariff lines

The Turkish schedule prints the statutory rate set under Customs Law 474. The rate applied at import is laid down in the Import Regime Decision and can be lower, or different by country of origin.

Subheadings 2

World trade in 2024

1502 · US$2.8bn

Trade value (US$) no reported trade < US$605.1kUS$605.1k+US$11.5m+US$90m+> US$235.4m

Exports: 93
  1. Australia: US$777.5m
  2. Brazil: US$343.7m
  3. United States: US$235.4m
  4. Canada: US$211.8m
  5. Uruguay: US$155.8m
  6. France: US$153.8m
  7. New Zealand: US$126.8m
  8. Argentina: US$118.9m
  9. Malaysia: US$96.6m
  10. India: US$90m
  11. Germany: US$88.5m
  12. Paraguay: US$56.9m
  13. Poland: US$34.1m
  14. United Kingdom: US$33.8m
  15. Ireland: US$31.6m
  16. Italy: US$25.5m
  17. Belgium: US$24.9m
  18. Netherlands: US$24.5m
  19. Vietnam: US$24.4m
  20. South Korea: US$16.7m
  21. Mexico: US$14.8m
  22. Sweden: US$12.9m
  23. South Africa: US$11.5m
  24. China: US$9.8m
  25. Japan: US$9.4m
  26. Denmark: US$9m
  27. Austria: US$8.9m
  28. Bolivia: US$7.7m
  29. Lithuania: US$7.2m
  30. Spain: US$5.3m
  31. Türkiye: US$5.1m
  32. Colombia: US$3.6m
  33. Israel: US$3.3m
  34. Czechia: US$3m
  35. Portugal: US$2.9m
  36. Hungary: US$2.6m
  37. Chile: US$1.9m
  38. Russia: US$1.7m
  39. Finland: US$1.5m
  40. Nicaragua: US$1.1m
  41. Saudi Arabia: US$980.1k
  42. Lebanon: US$935.8k
  43. Ukraine: US$894.3k
  44. Switzerland: US$792.4k
  45. Estonia: US$720.6k
  46. Slovenia: US$605.1k
  47. Mongolia: US$571.8k
  48. Romania: US$545.8k
  49. Honduras: US$477.6k
  50. Serbia: US$457.3k
  51. Kazakhstan: US$430.1k
  52. Azerbaijan: US$375.1k
  53. Iran: US$367.1k
  54. Costa Rica: US$324k
  55. Kuwait: US$315.5k
  56. Cyprus: US$298.3k
  57. Croatia: US$281.4k
  58. Belarus: US$231.9k
  59. Greece: US$230.9k
  60. Latvia: US$206k

Top exporters

RankCountryValueShare
1 Australia US$777.5m 27.7%
2 Brazil US$343.7m 12.2%
3 United States US$235.4m 8.4%
4 Canada US$211.8m 7.5%
5 Uruguay US$155.8m 5.6%
6 France US$153.8m 5.5%
7 New Zealand US$126.8m 4.5%
8 Argentina US$118.9m 4.2%
9 Malaysia US$96.6m 3.4%
10 India US$90m 3.2%

Top importers

RankCountryValueShare
1 United States US$891.5m 31.8%
2 Singapore US$688.1m 24.5%
3 Malaysia US$237.1m 8.4%
4 Belgium US$124.5m 4.4%
5 Netherlands US$116.2m 4.1%
6 Mexico US$112.3m 4%
7 Canada US$103.2m 3.7%
8 China US$66.1m 2.4%
9 Brazil US$47.1m 1.7%
10 Spain US$44.6m 1.6%

Questions and answers

What is the HS code for fats of bovine animals, sheep or goats, other than those of heading 1503?

Fats of bovine animals, sheep or goats, other than those of heading 1503 fall under HS heading 1502, part of chapter 15, in section III of the Harmonized System.

What is the import duty on fats of bovine animals, sheep or goats in the UK?

Under the UK Global Tariff, imports under 1502 from countries without a preferential agreement are charged at 2%. Preferential rates, anti-dumping duties and VAT are not included.

What is the import duty on fats of bovine animals, sheep or goats in the EU?

Under the EU Combined Nomenclature, imports under 1502 from countries without a preferential agreement are charged at 0% to 3.2%, depending on the line. Preferential rates, anti-dumping duties and VAT are not included.

Which country exports the most fats of bovine animals, sheep or goats?

Australia, with US$777.5m in 2024 (27.7% of world exports).