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Milk powder < 1.5% fat

040210 (Harmonized System 1992 for 6-digit)

2022
World Trade $11.7BRnk 332 / 4648
2022
Top Exporter | Top Importer $3.02B | $1.48BUnited States | China
2022
Product Complexity -0.17Rnk 2757 / 4653
2021 - 2022
Export Growth (CAGR) 20%Rnk 793 / 4648
2022
Share of World Trade 0.05%Rnk 332 / 4648

About

Overview This page contains the latest trade data of Milk Powder (<1.5% Fat). In 2022, Milk Powder (<1.5% Fat) were the world's 332nd most traded product, with a total trade of $11.7B. Between 2021 and 2022 the exports of Milk Powder (<1.5% Fat) grew by 20%, from $9.78B to $11.7B. Trade in Milk Powder (<1.5% Fat) represent 0.05% of total world trade.

Milk Powder (<1.5% Fat) are a part of Concentrated Milk.

Exports In 2022 the top exporters of Milk Powder (<1.5% Fat)  were United States ($3.02B), New Zealand ($1.44B), Germany ($1.09B), France ($845M), and Australia ($751M).

Imports In 2022 the top importers of Milk Powder (<1.5% Fat) were China ($1.48B), Mexico ($1.28B), Indonesia ($839M), Netherlands ($755M), and Philippines ($670M).

Ranking Milk Powder (<1.5% Fat) ranks 2757th in the Product Complexity Index (PCI).

Description -

Latest Trends

Latest Data

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The following visualization shows the latest trends on Milk Powder (<1.5% Fat). 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 (2022)United States$3.02B
Top Destination (2022)China$1.48B

In 2022 Milk Powder (<1.5% Fat) were the world's 332nd most traded product (out of 4,648).

In 2022, the top exporters of Milk Powder (<1.5% Fat) were United States ($3.02B), New Zealand ($1.44B), Germany ($1.09B), France ($845M), and Australia ($751M).

In 2022, the top importers of Milk Powder (<1.5% Fat) were China ($1.48B), Mexico ($1.28B), Indonesia ($839M), Netherlands ($755M), and Philippines ($670M).

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Exporters of Milk Powder (<1.5% Fat) (2022)
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Importers of Milk Powder (<1.5% Fat) (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)United States$546M
Top Destination Growth (2021 -  2022)Mexico$310M

Between 2021 and 2022, the exports of Milk Powder (<1.5% Fat) grew the fastest in United States ($546M), New Zealand ($351M), Belgium ($185M), Australia ($159M), and Ireland ($148M).

Between 2021 and 2022, the fastest growing importers of Milk Powder (<1.5% Fat) were Mexico ($310M), Indonesia ($250M), Algeria ($245M), Philippines ($146M), and Netherlands ($123M).

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Exporters of Milk Powder (<1.5% Fat) (2021 - 2022)

Importers of Milk Powder (<1.5% Fat) (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Milk Powder (<1.5% Fat).

In 2022, market concentration measured using Shannon Entropy, was 3.98. This means that most of the exports of Milk Powder (<1.5% Fat) are explained by 15 countries.

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Value of Exports in Milk Powder (<1.5% Fat)

Net Trade

TOP NET EXPORTER (2022)United States$3.02B
TOP NET IMPORTER (2022)China$1.47B

This map shows which countries export or import more of Milk Powder (<1.5% Fat). Each country is colored based on the difference in exports and imports of Milk Powder (<1.5% Fat) during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Milk Powder (<1.5% Fat) were United States ($3.02B), New Zealand ($1.43B), Germany ($852M), France ($727M), and Australia ($697M).

In 2022, the countries that had a largest trade value in imports than in exports of Milk Powder (<1.5% Fat) were China ($1.47B), Mexico ($1.27B), Indonesia ($834M), Philippines ($666M), and Algeria ($635M).

Net Trade (2022)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Milk Powder (<1.5% Fat).
It is possible to select the main countries that export or import Milk Powder (<1.5% Fat) in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Milk Powder (<1.5% Fat) by percentage of total exports

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 (2022)

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