ButterButter and other fats and oils derived from milk; dairy spreads
0405 (Harmonized System 1992 for 4-digit)
2020 World Trade: $8.52B, Rnk 349 / 1217
2020 Top Exporter | Top Importer: $1.89B | undefined, New Zealand | N/A
2020 Product Complexity: -0.11, Rnk 580 / 1028
2019 - 2020 Export Growth (CAGR): -12.2%, Rnk 801 / 1217
2018 Mean Tariff: 23.3%, Rnk 57 / 1259
2020 Share of World Trade: 0.051%, Rnk 349 / 1217
Overview This page contains the latest trade data of Butter. In 2020, Butter were the world's 349th most traded product, with a total trade of $8.52B. Between 2019 and 2020 the exports of Butter decreased by -12.2%, from $9.71B to $8.52B. Trade in Butter represent 0.051% of total world trade.
Butter are a part of Edible Animal By-Products. They include Butter and Other Milk Fats.
Exports In 2020 the top exporters of Butter were New Zealand ($1.89B), Netherlands ($1.29B), Ireland ($1.24B), Germany ($653M), and Belgium ($631M).
Imports In 2020 the top importers of Butter were N/A.
Tariffs In 2018 the average tariff for Butter was 23.3%, making it the 57th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Butter are Canada (149%), Turkey (131%), and Iceland (126%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Lebanon (0%), and Maldives (0%).
Ranking Butter ranks 580th in the Product Complexity Index (PCI).
The following visualization shows the latest trends on Butter. Countries are shown based on data availability.
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2020): New Zealand, $1.89B
Butter are the world's 349th most traded product.
In 2020, the top exporters of Butter were New Zealand ($1.89B), Netherlands ($1.29B), Ireland ($1.24B), Germany ($653M), and Belgium ($631M).
Trade by country
Top Origin Growth (2019 - 2020): Ireland, $50.4M
Top Destination Growth (2019 - 2020): Germany, $99.7M
Between 2019 and 2020, the exports of Butter grew the fastest in Ireland ($50.4M), Lithuania ($16.7M), Saudi Arabia ($10.4M), Argentina ($6.91M), and Russia ($6.6M).
Between 2019 and 2020, the fastest growing importers of Butter were Germany ($99.7M), Saudi Arabia ($41.1M), Switzerland ($23.3M), Ukraine ($22.7M), and Israel ($19.4M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Butter.
In 2020, market concentration measured using Shannon Entropy, was 3.83. This means that most of the exports of Butter are explained by 14 countries.
TOP NET EXPORTER (2020): New Zealand, $1.88B
TOP NET IMPORTER (2020): Russia, $502M
This map shows which countries export or import more of Butter. Each country is colored based on the difference in exports and imports of Butter during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Butter were New Zealand ($1.88B), Ireland ($1.2B), Netherlands ($646M), Belarus ($320M), and Denmark ($204M).
In 2020, the countries that had a largest trade value in imports than in exports of Butter were Russia ($502M), China ($493M), United States ($339M), France ($282M), and Saudi Arabia ($225M).
In 2020, the world most traded Butter, disaggragated by their HS6 level were Butter and Other Milk Fats ($8.52B)
This visualization shows the countries that have an important ratio of their trade related to Butter. It is possible to select the main countries that export or import Butter in the world, or by continent, as well as select the measure of interest.
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.
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