Concentrated Milk0402 (Harmonized System 1992 for 4-digit)
2021 World Trade: $28.3B, Rnk 157 / 1217
2021 Top Exporter | Top Importer: $11.1B | $7.29B, New Zealand | China
2021 Product Complexity: -0.75, Rnk 768 / 1024
2020 - 2021 Export Growth (CAGR): 29.5%, Rnk 338 / 1217
2018 Mean Tariff: 26.6%, Rnk 32 / 1259
2021 Share of World Trade: 0.0013%, Rnk 157 / 1217
Overview This page contains the latest trade data of Concentrated Milk. In 2021, Concentrated Milk were the world's 157th most traded product, with a total trade of $28.3B. Between 2020 and 2021 the exports of Concentrated Milk grew by 29.5%, from $21.9B to $28.3B. Trade in Concentrated Milk represent 0.0013% 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 2021 the top exporters of Concentrated Milk were New Zealand ($11.1B), United States ($2.14B), Netherlands ($1.79B), Germany ($1.67B), and France ($1.31B).
Imports In 2021 the top importers of Concentrated Milk were China ($7.29B), Algeria ($1.27B), Indonesia ($1.11B), Netherlands ($1.02B), and United Arab Emirates ($911M).
Tariffs In 2018 the average tariff for Concentrated Milk was 26.6%, making it the 32nd lowest tariff using the HS4 product classification.
Ranking Concentrated Milk ranks 768th in the Product Complexity Index (PCI).
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.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2021): New Zealand, $11.1B
Top Destination (2021): China, $7.29B
Concentrated Milk are the world's 157th most traded product.
In 2021, the top exporters of Concentrated Milk were New Zealand ($11.1B), United States ($2.14B), Netherlands ($1.79B), Germany ($1.67B), and France ($1.31B).
In 2021, the top importers of Concentrated Milk were China ($7.29B), Algeria ($1.27B), Indonesia ($1.11B), Netherlands ($1.02B), and United Arab Emirates ($911M).
Trade by country
Top Origin Growth (2020 - 2021): New Zealand, $5.18B
Top Destination Growth (2020 - 2021): China, $3.92B
Between 2020 and 2021, the exports of Concentrated Milk grew the fastest in New Zealand ($5.18B), Hong Kong ($338M), Australia ($316M), France ($182M), and Netherlands ($146M).
Between 2020 and 2021, the fastest growing importers of Concentrated Milk were China ($3.92B), Indonesia ($396M), Bangladesh ($260M), Thailand ($249M), and Vietnam ($225M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Concentrated Milk.
In 2021, market concentration measured using Shannon Entropy, was 3.83. This means that most of the exports of Concentrated Milk are explained by 14 countries.
TOP NET EXPORTER (2021): New Zealand, $11B
TOP NET IMPORTER (2021): China, $7.26B
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 2021.
In 2021, the countries that had a largest trade value in exports than in imports of Concentrated Milk were New Zealand ($11B), United States ($2.01B), Germany ($1.15B), France ($997M), and Netherlands ($770M).
In 2021, the countries that had a largest trade value in imports than in exports of Concentrated Milk were China ($7.26B), Algeria ($1.27B), Indonesia ($1.09B), Philippines ($635M), and Bangladesh ($600M).
In 2021, the world most traded Concentrated Milk, disaggragated by their HS6 level were Unsweetened Cream Powder (<1.5% Fat) ($14.9B), Milk Powder (<1.5% Fat) ($9.89B), Unsweetened Milk and Cream ($1.95B), Other Milk and Cream ($1.06B), and Sweetened Cream Powder (<1.5% Fat) ($514M)
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.
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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