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Buttermilk, curdled milk and cream, yoghurt, kephir, fermented or acidified milk or cream, whether or not concentrated, containing added sugar, sweetening matter, flavoured or added fruit or cocoa

0403 (Harmonized System 1992 for 4-digit)

2023
World Trade $5.65BRnk 500 / 1217
2023
Top Exporter | Top Importer $1.11B | $585MGermany | Italy
2023
Product Complexity -0.24Rnk 647 / 1044
2022 - 2023
Export Growth (CAGR) 9.39%Rnk 168 / 1217
2023
Share of World Trade 0.025%Rnk 500 / 1217

About

Overview This page contains the latest trade data of Fermented Milk Products. In 2023, Fermented Milk Products were the world's 500th most traded product, with a total trade of $5.65B. Between 2022 and 2023 the exports of Fermented Milk Products grew by 9.39%, from $5.17B to $5.65B. Trade in Fermented Milk Products represent 0.025% of total world trade.

Fermented Milk Products are a part of Edible products of animal origin, n.e.s.. They include Yogurt and Other Buttermilks, Curdled Milks, and Kephirs.

Exports In 2023 the top exporters of Fermented Milk Products  were Germany ($1.11B), France ($695M), Belgium ($431M), Greece ($382M), and Spain ($349M).

Imports In 2023 the top importers of Fermented Milk Products were Italy ($585M), United Kingdom ($542M), Netherlands ($372M), Spain ($342M), and Germany ($294M).

Ranking Fermented Milk Products ranks 647th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Fermented Milk Products. 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)Germany$1.11B
Top Destination (2023)Italy$585M

In 2023 Fermented Milk Products were the world's 500th most traded product (out of 1,217).

In 2023, the top exporters of Fermented Milk Products were Germany ($1.11B), France ($695M), Belgium ($431M), Greece ($382M), and Spain ($349M).

In 2023, the top importers of Fermented Milk Products were Italy ($585M), United Kingdom ($542M), Netherlands ($372M), Spain ($342M), and Germany ($294M).

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Exporters of Fermented Milk Products (2023)
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Importers of Fermented Milk Products (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Greece$93.2M
Top Destination Growth (2022 -  2023)Italy$100M

Between 2022 and 2023, the exports of Fermented Milk Products grew the fastest in Greece ($93.2M), Germany ($83.9M), France ($79.9M), Spain ($60.2M), and Austria ($51.6M).

Between 2022 and 2023, the fastest growing importers of Fermented Milk Products were Italy ($100M), Spain ($73.3M), United Kingdom ($60.8M), Belgium ($46.7M), and France ($43M).

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Exporters of Fermented Milk Products (2022 - 2023)

Importers of Fermented Milk Products (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Fermented Milk Products.

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Value of Exports in Fermented Milk Products

Net Trade

TOP NET EXPORTER (2023)Germany$812M
TOP NET IMPORTER (2023)Italy$553M

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

In 2023, the countries that had a largest trade value in exports than in imports of Fermented Milk Products were Germany ($812M), France ($486M), Greece ($361M), Belgium ($197M), and Austria ($177M).

In 2023, the countries that had a largest trade value in imports than in exports of Fermented Milk Products were Italy ($553M), United Kingdom ($479M), Netherlands ($224M), Portugal ($181M), and Philippines ($180M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Fermented Milk Products, disaggragated by their HS6 level were Yogurt ($3.27B) and Other Buttermilks, Curdled Milks, and Kephirs ($2.38B)

HS6 Disaggregation for Fermented Milk Products (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 Fermented Milk Products.
It is possible to select the main countries that export or import Fermented Milk Products in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Fermented Milk Products by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALNetherlands+ $4.52k
TOP IMPORT POTENTIALGermany+ $1.92M

Fermented Milk Products’s highest export potential is Netherlands. With an export gap of $4.52k.  Fermented Milk Products’s highest import potential is Germany with an import gap of $1.92M.

See methodology.

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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 Fermented Milk Products.

Country by Relatedness

The following visualization shows the relatedness of Fermented Milk Products 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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