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Milk powder < 1.5% fat

040210 (Harmonized System 1992 for 6-digit)

2023
World Trade $8.8BRnk 416 / 4644
2023
Top Exporter | Top Importer $1.72B | $1.11BUnited States | China
2023
Product Complexity -0.13Rnk 2732 / 4656
2022 - 2023
Export Growth (CAGR) -23.9%Rnk 3947 / 4644
2023
Share of World Trade 0.039%Rnk 416 / 4644

About

Overview This page contains the latest trade data of Milk Powder (<1.5% Fat). In 2023, Milk Powder (<1.5% Fat) were the world's 416th most traded product, with a total trade of $8.8B. Between 2022 and 2023 the exports of Milk Powder (<1.5% Fat) decreased by -23.9%, from $11.6B to $8.8B. Trade in Milk Powder (<1.5% Fat) represent 0.039% of total world trade.

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

Exports In 2023 the top exporters of Milk Powder (<1.5% Fat)  were United States ($1.72B), New Zealand ($1.43B), Germany ($836M), France ($733M), and Netherlands ($568M).

Imports In 2023 the top importers of Milk Powder (<1.5% Fat) were China ($1.11B), Indonesia ($585M), Mexico ($527M), Netherlands ($468M), and Algeria ($463M).

Ranking Milk Powder (<1.5% Fat) ranks 2732nd in the Product Complexity Index (PCI).

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 (2023)United States$1.72B
Top Destination (2023)China$1.11B

In 2023 Milk Powder (<1.5% Fat) were the world's 416th most traded product (out of 4,644).

In 2023, the top exporters of Milk Powder (<1.5% Fat) were United States ($1.72B), New Zealand ($1.43B), Germany ($836M), France ($733M), and Netherlands ($568M).

In 2023, the top importers of Milk Powder (<1.5% Fat) were China ($1.11B), Indonesia ($585M), Mexico ($527M), Netherlands ($468M), and Algeria ($463M).

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Exporters of Milk Powder (<1.5% Fat) (2023)
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Importers of Milk Powder (<1.5% Fat) (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United Kingdom$41.1M
Top Destination Growth (2022 -  2023)Saudi Arabia$50.1M

Between 2022 and 2023, the exports of Milk Powder (<1.5% Fat) grew the fastest in United Kingdom ($41.1M), Singapore ($9.44M), United Arab Emirates ($9.16M), Switzerland ($5M), and Latvia ($4.64M).

Between 2022 and 2023, the fastest growing importers of Milk Powder (<1.5% Fat) were Saudi Arabia ($50.1M), Brazil ($21.3M), Tunisia ($15.3M), Spain ($11M), and Morocco ($10.8M).

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Exporters of Milk Powder (<1.5% Fat) (2022 - 2023)

Importers of Milk Powder (<1.5% Fat) (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 4.04. This means that most of the exports of Milk Powder (<1.5% Fat) are explained by 16 countries.

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

Net Trade

TOP NET EXPORTER (2023)United States$1.71B
TOP NET IMPORTER (2023)China$1.1B

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Milk Powder (<1.5% Fat) were United States ($1.71B), New Zealand ($1.42B), Germany ($643M), France ($610M), and Ireland ($454M).

In 2023, the countries that had a largest trade value in imports than in exports of Milk Powder (<1.5% Fat) were China ($1.1B), Indonesia ($580M), Mexico ($522M), Algeria ($462M), and Philippines ($460M).

Net Trade (2023)

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 (2023)

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