Whey040410 (Harmonized System 1992 for 6-digit)
2020 World Trade: $3.42B, Rnk 845 / 4613
2020 Top Exporter | Top Importer: $547M | $753M, United States | China
2020 Product Complexity: 0.47, Rnk 1710 / 4783
2019 - 2020 Export Growth (CAGR): 6.62%, Rnk 668 / 4613
2018 Mean Tariff: 58.7%, Rnk 27 / 6538
2020 Share of World Trade: 0.02%, Rnk 845 / 4613
Overview This page contains the latest trade data of Whey. In 2020, Whey were the world's 845th most traded product, with a total trade of $3.42B. Between 2019 and 2020 the exports of Whey grew by 6.62%, from $3.21B to $3.42B. Trade in Whey represent 0.02% of total world trade.
Whey are a part of Whey.
Exports In 2020 the top exporters of Whey were United States ($547M), Germany ($525M), France ($403M), Netherlands ($307M), and Poland ($196M).
Imports In 2020 the top importers of Whey were China ($753M), Netherlands ($490M), Germany ($199M), France ($152M), and Indonesia ($147M).
Tariffs In 2018 the average tariff for Whey was 58.7%, making it the 27th lowest tariff using the HS6 product classification.
The countries with the highest import tariffs for Whey are Austria (589%), Cyprus (564%), Norway (222%), Switzerland (158%), and Liechtenstein (158%). The countries with the lowest tariffs are Egypt (0%), Mauritius (0%), South Africa (0%), Hong Kong (0%), and Maldives (0%).
Ranking Whey ranks 1710th in the Product Complexity Index (PCI).
The following visualization shows the latest trends on Whey. 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.
Trade By Country
Top Origin (2020): United States, $547M
Top Destination (2020): China, $753M
Whey are the world's 845th most traded product.
In 2020, the top exporters of Whey were United States ($547M), Germany ($525M), France ($403M), Netherlands ($307M), and Poland ($196M).
In 2020, the top importers of Whey were China ($753M), Netherlands ($490M), Germany ($199M), France ($152M), and Indonesia ($147M).
Trade by country
Top Origin Growth (2019 - 2020): United States, $62.2M
Top Destination Growth (2019 - 2020): China, $204M
Between 2019 and 2020, the exports of Whey grew the fastest in United States ($62.2M), Netherlands ($40.4M), Germany ($36.2M), Spain ($20.1M), and Australia ($16.8M).
Between 2019 and 2020, the fastest growing importers of Whey were China ($204M), Netherlands ($23.4M), Denmark ($21.6M), Vietnam ($13.2M), and France ($12M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Whey.
In 2020, market concentration measured using Shannon Entropy, was 4.19. This means that most of the exports of Whey are explained by 18 countries.
TOP NET EXPORTER (2020): United States, $515M
TOP NET IMPORTER (2020): China, $752M
This map shows which countries export or import more of Whey. Each country is colored based on the difference in exports and imports of Whey during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Whey were United States ($515M), Germany ($326M), France ($251M), Poland ($148M), and Italy ($127M).
In 2020, the countries that had a largest trade value in imports than in exports of Whey were China ($752M), Netherlands ($183M), Indonesia ($147M), Malaysia ($93.3M), and Japan ($81.9M).
This visualization shows the countries that have an important ratio of their trade related to Whey. It is possible to select the main countries that export or import Whey in the world, or by continent, as well as select the measure of interest.
In 2018, the average tariff for importing Whey was 58.7%. The countries with the highest tariffs for importing Whey were Austria (589%), Cyprus (564%), Norway (222%), Switzerland (158%), and Liechtenstein (158%).
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.
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