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Pricing

Milk and cream; concentrated or containing added sugar or other sweetening matter

0402 (Harmonized System 1992 for 4-digit)

2023
World Trade $23.4BRnk 184 / 1217
2023
Top Exporter | Top Importer $6.28B | $3.05BNew Zealand | China
2023
Product Complexity -0.73Rnk 785 / 1044
2022 - 2023
Export Growth (CAGR) -16.2%Rnk 939 / 1217
2023
Share of World Trade 0.1%Rnk 184 / 1217

About

Overview This page contains the latest trade data of Concentrated Milk. In 2023, Concentrated Milk were the world's 184th most traded product, with a total trade of $23.4B. Between 2022 and 2023 the exports of Concentrated Milk decreased by -16.2%, from $27.9B to $23.4B. Trade in Concentrated Milk represent 0.1% of total world trade.

Concentrated Milk are a part of Edible products of animal origin, n.e.s.. They include Unsweetened Cream Powder (<1.5% Fat), Milk Powder (<1.5% Fat), Unsweetened Milk and Cream, Other Milk and Cream, and Sweetened Cream Powder (<1.5% Fat).

Exports In 2023 the top exporters of Concentrated Milk  were New Zealand ($6.28B), Netherlands ($2.08B), United States ($1.88B), Germany ($1.8B), and France ($1.17B).

Imports In 2023 the top importers of Concentrated Milk were China ($3.05B), Algeria ($1.31B), United Arab Emirates ($1B), Indonesia ($885M), and Netherlands ($846M).

Ranking Concentrated Milk ranks 785th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Concentrated Milk. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)New Zealand$6.28B
Top Destination (2023)China$3.05B

In 2023 Concentrated Milk were the world's 184th most traded product (out of 1,217).

In 2023, the top exporters of Concentrated Milk were New Zealand ($6.28B), Netherlands ($2.08B), United States ($1.88B), Germany ($1.8B), and France ($1.17B).

In 2023, the top importers of Concentrated Milk were China ($3.05B), Algeria ($1.31B), United Arab Emirates ($1B), Indonesia ($885M), and Netherlands ($846M).

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Exporters of Concentrated Milk (2023)
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Importers of Concentrated Milk (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$57.9M
Top Destination Growth (2022 -  2023)Brazil$302M

Between 2022 and 2023, the exports of Concentrated Milk grew the fastest in China ($57.9M), Spain ($38.4M), Kuwait ($26.6M), Saudi Arabia ($25.7M), and Italy ($20.4M).

Between 2022 and 2023, the fastest growing importers of Concentrated Milk were Brazil ($302M), Hong Kong ($122M), Sri Lanka ($52.8M), Yemen ($48.4M), and Macau ($31.6M).

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Exporters of Concentrated Milk (2022 - 2023)

Importers of Concentrated Milk (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Concentrated Milk.

In 2023, market concentration measured using Shannon Entropy, was 4.27. This means that most of the exports of Concentrated Milk are explained by 19 countries.

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Value of Exports in Concentrated Milk

Net Trade

TOP NET EXPORTER (2023)New Zealand$6.24B
TOP NET IMPORTER (2023)China$2.85B

This map shows which countries export or import more of Concentrated Milk. Each country is colored based on the difference in exports and imports of Concentrated Milk during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Concentrated Milk were New Zealand ($6.24B), United States ($1.69B), Netherlands ($1.24B), Germany ($1.19B), and Ireland ($779M).

In 2023, the countries that had a largest trade value in imports than in exports of Concentrated Milk were China ($2.85B), Algeria ($1.31B), Indonesia ($853M), Brazil ($711M), and Philippines ($515M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Concentrated Milk, disaggragated by their HS6 level were Unsweetened Cream Powder (<1.5% Fat) ($10.4B), Milk Powder (<1.5% Fat) ($8.8B), Unsweetened Milk and Cream ($2.39B), Other Milk and Cream ($1.23B), and Sweetened Cream Powder (<1.5% Fat) ($573M)

HS6 Disaggregation for Concentrated Milk (2023)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Concentrated Milk.
It is possible to select the main countries that export or import Concentrated Milk in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Concentrated Milk by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALMexico+ $17.7M
TOP IMPORT POTENTIALUnited States+ $1.74M

Concentrated Milk’s highest export potential is Mexico. With an export gap of $17.7M.  Concentrated Milk’s highest import potential is United States with an import gap of $1.74M.

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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 (2023)

Related Products

This visualization shows products that are likely to be exported by countries that export Concentrated Milk.

Country by Relatedness

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

Relative Relatedness by Country (2023)

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