HS Icon Fermented Milk Products

0403 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Fermented Milk Products. In 2020, Fermented Milk Products were the world's 506th most traded product, with a total trade of $4.63B. Between 2019 and 2020 the exports of Fermented Milk Products grew by 1.72%, from $4.55B to $4.63B. Trade in Fermented Milk Products represent 0.028% of total world trade.

Fermented Milk Products are a part of Edible Animal By-Products. They include Yogurt and Other Buttermilks, Curdled Milks, and Kephirs.

Exports In 2020 the top exporters of Fermented Milk Products  were Germany ($986M), France ($584M), Belgium ($314M), Greece ($239M), and Spain ($217M).

Imports In 2020 the top importers of Fermented Milk Products were United Kingdom ($531M), Italy ($409M), Netherlands ($299M), Germany ($222M), and Spain ($222M).

Tariffs In 2018 the average tariff for Fermented Milk Products was 33.1%, making it the 20th lowest tariff using the HS4 product classification.

Ranking Fermented Milk Products ranks 639th in the Product Complexity Index (PCI).

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Flow
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.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2020): Germany, $986M

Top Destination (2020): United Kingdom, $531M

Fermented Milk Products are the world's 506th most traded product.

In 2020, the top exporters of Fermented Milk Products were Germany ($986M), France ($584M), Belgium ($314M), Greece ($239M), and Spain ($217M).

In 2020, the top importers of Fermented Milk Products were United Kingdom ($531M), Italy ($409M), Netherlands ($299M), Germany ($222M), and Spain ($222M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): Belgium, $41.3M

Top Destination Growth (2019 - 2020): United Kingdom, $47.2M

Between 2019 and 2020, the exports of Fermented Milk Products grew the fastest in Belgium ($41.3M), France ($40.2M), Germany ($32.1M), Greece ($29.4M), and Spain ($21.7M).

Between 2019 and 2020, the fastest growing importers of Fermented Milk Products were United Kingdom ($47.2M), Italy ($29.1M), Philippines ($29M), Netherlands ($26M), and Germany ($17.5M).

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Market Concentration

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Cumulative market share

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

In 2020,  market concentration measured using Shannon Entropy, was 4.61. This means that most of the exports of Fermented Milk Products are explained by 24 countries.

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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 2020.

Disaggregation

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Value

In 2020, the world most traded Fermented Milk Products, disaggragated by their HS6 level were Yogurt ($2.63B) and Other Buttermilks, Curdled Milks, and Kephirs ($2B)

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.

Product Complexity

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Diversification Frontier

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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.

Country by Relatedness

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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.