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Milk and cream; not concentrated, not containing added sugar or other sweetening matter

0401 (Harmonized System 1992 for 4-digit)

2023
World Trade $11.6BRnk 326 / 1217
2023
Top Exporter | Top Importer $1.67B | $2BGermany | Germany
2023
Product Complexity 0.068Rnk 545 / 1044
2022 - 2023
Export Growth (CAGR) -3.49%Rnk 515 / 1217
2023
Share of World Trade 0.051%Rnk 326 / 1217

About

Overview This page contains the latest trade data of Milk. In 2023, Milk were the world's 326th most traded product, with a total trade of $11.6B. Between 2022 and 2023 the exports of Milk decreased by -3.49%, from $12B to $11.6B. Trade in Milk represent 0.051% of total world trade.

Milk are a part of Edible products of animal origin, n.e.s.. They include Milk (1%-6% Fat), Cream (<6% Fat), and Milk (<1% Fat).

Exports In 2023 the top exporters of Milk  were Germany ($1.67B), Netherlands ($1.34B), New Zealand ($964M), Belgium ($962M), and France ($860M).

Imports In 2023 the top importers of Milk were Germany ($2B), China ($1.46B), Belgium ($1.07B), Netherlands ($831M), and Italy ($748M).

Ranking Milk ranks 545th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on 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.

Explore Latest Trends

* 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$1.67B
Top Destination (2023)Germany$2B

In 2023 Milk were the world's 326th most traded product (out of 1,217).

In 2023, the top exporters of Milk were Germany ($1.67B), Netherlands ($1.34B), New Zealand ($964M), Belgium ($962M), and France ($860M).

In 2023, the top importers of Milk were Germany ($2B), China ($1.46B), Belgium ($1.07B), Netherlands ($831M), and Italy ($748M).

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

Color
Top Origin Growth (2022 -  2023)Germany$123M
Top Destination Growth (2022 -  2023)Italy$86.8M

Between 2022 and 2023, the exports of Milk grew the fastest in Germany ($123M), Austria ($75.8M), Czechia ($48.7M), Belgium ($33.1M), and Slovenia ($20.1M).

Between 2022 and 2023, the fastest growing importers of Milk were Italy ($86.8M), Spain ($40.4M), United Arab Emirates ($24.9M), Austria ($17.2M), and Saudi Arabia ($16.2M).

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Exporters of Milk (2022 - 2023)

Importers of Milk (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 4.59. This means that most of the exports of Milk are explained by 24 countries.

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Value of Exports in Milk

Net Trade

TOP NET EXPORTER (2023)New Zealand$957M
TOP NET IMPORTER (2023)China$1.43B

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

In 2023, the countries that had a largest trade value in exports than in imports of Milk were New Zealand ($957M), Netherlands ($504M), Czechia ($470M), Austria ($419M), and Poland ($351M).

In 2023, the countries that had a largest trade value in imports than in exports of Milk were China ($1.43B), Italy ($616M), Germany ($334M), South Korea ($157M), and Singapore ($140M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Milk, disaggragated by their HS6 level were Milk (1%-6% Fat) ($6.16B), Cream (<6% Fat) ($4.51B), and Milk (<1% Fat) ($911M)

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

Top 10 Exporters Countries of Milk by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALSouth Korea+ $2.27M
TOP IMPORT POTENTIALNetherlands+ $438k

Milk’s highest export potential is South Korea. With an export gap of $2.27M.  Milk’s highest import potential is Netherlands with an import gap of $438k.

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 Milk.

Country by Relatedness

The following visualization shows the relatedness of 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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