Butter and other fats and oils derived from milk; dairy spreads

0405 (Harmonized System 1992 for 4-digit)

About

Overview This page contains the latest trade data of Butter. In 2021, Butter were the world's 330th most traded product, with a total trade of $11.1B. Between 2020 and 2021 the exports of Butter grew by 29.7%, from $8.55B to $11.1B. Trade in Butter represent 0.053% of total world trade.

Butter are a part of Edible products of animal origin, n.e.s.. They include Butter and Other Milk Fats.

Exports In 2021 the top exporters of Butter  were New Zealand ($3.28B), Netherlands ($1.57B), Ireland ($1.42B), Germany ($776M), and Belgium ($723M).

Imports In 2021 the top importers of Butter were China ($1.05B), France ($1.02B), Germany ($1.02B), Netherlands ($874M), and Russia ($625M).

Ranking Butter ranks 582nd in the Product Complexity Index (PCI).

Latest Data

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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.

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Historical Data

Exporters and Importers

Top Origin (2021)New Zealand$3.28B
Top Destination (2021)China$1.05B

In 2021 Butter were the world's 330th most traded product (out of 1,217).

In 2021, the top exporters of Butter were New Zealand ($3.28B), Netherlands ($1.57B), Ireland ($1.42B), Germany ($776M), and Belgium ($723M).

In 2021, the top importers of Butter were China ($1.05B), France ($1.02B), Germany ($1.02B), Netherlands ($874M), and Russia ($625M).

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Exporters of Butter (2021)
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Importers of Butter (2021)
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Market Dynamics

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Top Origin Growth (2020 -  2021)New Zealand$1.39B
Top Destination Growth (2020 -  2021)China$549M

Between 2020 and 2021, the exports of Butter grew the fastest in New Zealand ($1.39B), Netherlands ($278M), Ireland ($160M), Germany ($123M), and United States ($114M).

Between 2020 and 2021, the fastest growing importers of Butter were China ($549M), Netherlands ($233M), France ($219M), Germany ($162M), and Russia ($111M).

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Exporters of Butter (2020 - 2021)

Importers of Butter (2020 - 2021)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Butter.

In 2021, market concentration measured using Shannon Entropy, was 3.63. This means that most of the exports of Butter are explained by 12 countries.

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Value of Exports in Butter

Net Trade

TOP NET EXPORTER (2021)New Zealand$3.27B
TOP NET IMPORTER (2021)China$1.04B

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 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Butter were New Zealand ($3.27B), Ireland ($1.39B), Netherlands ($697M), Belarus ($403M), and Denmark ($216M).

In 2021, the countries that had a largest trade value in imports than in exports of Butter were China ($1.04B), Russia ($613M), France ($391M), Saudi Arabia ($274M), and Italy ($266M).

Net Trade (2021)

Country Comparison

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Ranking

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.

Top 10 Exporters Countries of Butter by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

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.

Relatedness vs Country Complexity (2021)

Country by Relatedness

The following visualization shows the relatedness of Butter to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2021)

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