ButterButter and other fats and oils derived from milk; dairy spreads
0405 (Harmonized System 1992 for 4-digit)
2021 World Trade: $11.1B, Rnk 330 / 1217
2021 Top Exporter | Top Importer: $3.28B | $1.05B, New Zealand | China
2021 Product Complexity: -0.11, Rnk 582 / 1024
2020 - 2021 Export Growth (CAGR): 29.7%, Rnk 336 / 1217
2018 Mean Tariff: 23.3%, Rnk 57 / 1259
2021 Share of World Trade: 0.053%, Rnk 330 / 1217
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).
Tariffs In 2018 the average tariff for Butter was 23.3%, making it the 57th lowest tariff using the HS4 product classification.
Ranking Butter ranks 582nd 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 (2021): New Zealand, $3.28B
Top Destination (2021): China, $1.05B
Butter are the world's 330th most traded product.
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).
Trade by country
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).
Cumulative market share
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.
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).
In 2021, the world most traded Butter, disaggragated by their HS6 level were Butter and Other Milk Fats ($11.1B)
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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