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350220 (Harmonized System 1996 for 6-digit)

2023
World Trade $2.26BRnk 1347 / 4766
2023
Top Exporter | Top Importer $607M | $341MUnited States | China
2023
Product Complexity 0.45Rnk 1794 / 4780
2022 - 2023
Export Growth (CAGR) -19.4%Rnk 3749 / 4766
2023
Share of World Trade 0.01%Rnk 1347 / 4766

About

Overview This page contains the latest trade data of Milk Protein: Contains concentrated whey proteins. In 2023, Milk Protein: Contains concentrated whey proteins were the world's 1347th most traded product, with a total trade of $2.26B. Between 2022 and 2023 the exports of Milk Protein: Contains concentrated whey proteins decreased by -19.4%, from $2.81B to $2.26B. Trade in Milk Protein: Contains concentrated whey proteins represent 0.01% of total world trade.

Milk Protein: Contains concentrated whey proteins are a part of Albumins (including concentrates of two or more whey proteins, containing by weight....

Exports In 2023 the top exporters of Milk Protein: Contains concentrated whey proteins  were United States ($607M), Germany ($323M), New Zealand ($244M), Denmark ($224M), and Netherlands ($185M).

Imports In 2023 the top importers of Milk Protein: Contains concentrated whey proteins were China ($341M), Japan ($266M), Netherlands ($179M), India ($141M), and United Kingdom ($119M).

Ranking Milk Protein: Contains concentrated whey proteins ranks 1794th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Milk Protein: Contains concentrated whey proteins. 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$607M
Top Destination (2023)China$341M

In 2023 Milk Protein: Contains concentrated whey proteins were the world's 1347th most traded product (out of 4,766).

In 2023, the top exporters of Milk Protein: Contains concentrated whey proteins were United States ($607M), Germany ($323M), New Zealand ($244M), Denmark ($224M), and Netherlands ($185M).

In 2023, the top importers of Milk Protein: Contains concentrated whey proteins were China ($341M), Japan ($266M), Netherlands ($179M), India ($141M), and United Kingdom ($119M).

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Exporters of Milk Protein: Contains concentrated whey proteins (2023)
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Importers of Milk Protein: Contains concentrated whey proteins (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Australia$11.2M
Top Destination Growth (2022 -  2023)Saudi Arabia$12.7M

Between 2022 and 2023, the exports of Milk Protein: Contains concentrated whey proteins grew the fastest in Australia ($11.2M), Slovakia ($3.39M), Switzerland ($1.44M), China ($1.44M), and Spain ($1.06M).

Between 2022 and 2023, the fastest growing importers of Milk Protein: Contains concentrated whey proteins were Saudi Arabia ($12.7M), Ireland ($11.2M), Portugal ($9.32M), Netherlands ($6.51M), and Egypt ($6.47M).

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Exporters of Milk Protein: Contains concentrated whey proteins (2022 - 2023)

Importers of Milk Protein: Contains concentrated whey proteins (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Milk Protein: Contains concentrated whey proteins.

In 2023, market concentration measured using Shannon Entropy, was 3.46. This means that most of the exports of Milk Protein: Contains concentrated whey proteins are explained by 10 countries.

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Value of Exports in Milk Protein: Contains concentrated whey proteins

Net Trade

TOP NET EXPORTER (2023)United States$499M
TOP NET IMPORTER (2023)China$335M

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

In 2023, the countries that had a largest trade value in exports than in imports of Milk Protein: Contains concentrated whey proteins were United States ($499M), New Zealand ($225M), Germany ($214M), Denmark ($155M), and Poland ($58.4M).

In 2023, the countries that had a largest trade value in imports than in exports of Milk Protein: Contains concentrated whey proteins were China ($335M), Japan ($266M), India ($140M), Canada ($111M), and Brazil ($99M).

Net Trade (2023)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Milk Protein: Contains concentrated whey proteins.
It is possible to select the main countries that export or import Milk Protein: Contains concentrated whey proteins in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Milk Protein: Contains concentrated whey proteins 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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