Milk in China | The Observatory of Economic Complexity

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Exports In 2022, China exported $24.7M in Milk, making it the 38th largest exporter of Milk in the world. At the same year, Milk was the 1022nd most exported product in China. The main destination of Milk exports from China are: Hong Kong ($22.8M), Cambodia ($502k), Macau ($360k), Nigeria ($305k), and Singapore ($238k).

The fastest growing export markets for Milk of China between 2021 and 2022 were Hong Kong ($1.33M), Nigeria ($280k), and Poland ($152k).

Imports In 2022, China imported $1.46B in Milk, becoming the 2nd largest importer of Milk in the world. At the same year, Milk was the 174th most imported product in China. China imports Milk primarily from: New Zealand ($719M), Germany ($212M), France ($150M), Australia ($112M), and Poland ($62.9M).

The fastest growing import markets in Milk for China between 2021 and 2022 were Netherlands ($11.8M), United Kingdom ($9.6M), and New Zealand ($5.76M).

COMPANIES In 2023, leading companies such as IKEA SUPPLY AG (176), DEL MONTE FOODS, INC. (9), and TMALL, INC. (6) were at the forefront of shipping Milk from China to the United States.

Latest Trends

March 2024

About

Overview In March 2024 China's Milk exports accounted up to $2.28M and imports accounted up to $128M, resulting in a negative trade balance of $126M. Between March 2023 and March 2024 the exports of China's Milk have increased by $492k (27.5%) from $1.79M to $2.28M, while imports decreased by $-23.9M (-15.7%) from $152M to $128M.

Destinations In March 2024, Milk were exported mostly to Hong Kong ($1.9M), Singapore ($122k), Macau ($113k), Cambodia ($89.1k), and Burma ($44.1k), and were imported mostly from New Zealand ($71.2M), France ($19.8M), Germany ($12.4M), Australia ($5.44M), and Spain ($4.88M).

Growth In March 2024, the increase in Milk's year-by-year exports was explained primarily by an increase in exports to Macau ($6.85k or 24.5%). In March 2024, the decrease in Milk's year-by-year imports was explained primarily by a decrease in imports from Germany ($-17.6M or -49.9%), Australia ($-5.7M or -44.9%), and Poland ($-2.42M or -47.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$492k(27.5%)

IMPORT GROWTH (March 2023 - March 2024)$-23.9M(-15.7%)

MAIN EXPORTER (March 2024)Guangdong Province$1.65M

MAIN DESTINATION (March 2024)Hong Kong$1.9M

This section shows Milk's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Milk over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$24.7M

IMPORTS (2022)$1.46B

NET TRADE (2022)-$1.44B

In 2022, China exported $24.7M in Milk. The main destinations of China exports on Milk were Hong Kong ($22.8M), Cambodia ($502k), Macau ($360k), Nigeria ($305k), and Singapore ($238k).

In 2022, China imported $1.46B in Milk, mainly from New Zealand ($719M), Germany ($212M), France ($150M), Australia ($112M), and Poland ($62.9M).

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