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Whey and products consisting of natural milk constituents; whether or not containing added sugar or other sweetening matter, not elsewhere specified or included

0404 (Harmonized System 1992 for 4-digit)

2023
World Trade $5.22BRnk 527 / 1217
2023
Top Exporter | Top Importer $775M | $817MUnited States | China
2023
Product Complexity 0.53Rnk 362 / 1044
2022 - 2023
Export Growth (CAGR) -17.2%Rnk 968 / 1217
2023
Share of World Trade 0.023%Rnk 527 / 1217

About

Overview This page contains the latest trade data of Whey and other milk products. In 2023, Whey and other milk products were the world's 527th most traded product, with a total trade of $5.22B. Between 2022 and 2023 the exports of Whey and other milk products decreased by -17.2%, from $6.3B to $5.22B. Trade in Whey and other milk products represent 0.023% of total world trade.

Whey and other milk products are a part of Edible products of animal origin, n.e.s.. They include Whey and Other Natural Milk Products.

Exports In 2023 the top exporters of Whey and other milk products  were United States ($775M), Germany ($720M), New Zealand ($569M), Netherlands ($544M), and France ($517M).

Imports In 2023 the top importers of Whey and other milk products were China ($817M), Netherlands ($487M), United States ($403M), Germany ($243M), and Indonesia ($209M).

Ranking Whey and other milk products ranks 362nd in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Whey and other milk products. 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$775M
Top Destination (2023)China$817M

In 2023 Whey and other milk products were the world's 527th most traded product (out of 1,217).

In 2023, the top exporters of Whey and other milk products were United States ($775M), Germany ($720M), New Zealand ($569M), Netherlands ($544M), and France ($517M).

In 2023, the top importers of Whey and other milk products were China ($817M), Netherlands ($487M), United States ($403M), Germany ($243M), and Indonesia ($209M).

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Exporters of Whey and other milk products (2023)
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Importers of Whey and other milk products (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)New Zealand$58.5M
Top Destination Growth (2022 -  2023)Brazil$35.3M

Between 2022 and 2023, the exports of Whey and other milk products grew the fastest in New Zealand ($58.5M), Argentina ($8.59M), Costa Rica ($2.85M), Portugal ($2.44M), and Thailand ($2.12M).

Between 2022 and 2023, the fastest growing importers of Whey and other milk products were Brazil ($35.3M), United States ($34.4M), India ($19M), Bahrain ($12.9M), and United Kingdom ($10.1M).

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Exporters of Whey and other milk products (2022 - 2023)

Importers of Whey and other milk products (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Whey and other milk products.

In 2023, market concentration measured using Shannon Entropy, was 4.23. This means that most of the exports of Whey and other milk products are explained by 18 countries.

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Value of Exports in Whey and other milk products

Net Trade

TOP NET EXPORTER (2023)New Zealand$528M
TOP NET IMPORTER (2023)China$813M

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

In 2023, the countries that had a largest trade value in exports than in imports of Whey and other milk products were New Zealand ($528M), Germany ($478M), United States ($372M), France ($356M), and Poland ($142M).

In 2023, the countries that had a largest trade value in imports than in exports of Whey and other milk products were China ($813M), Indonesia ($209M), South Korea ($158M), Japan ($153M), and Malaysia ($96.7M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Whey and other milk products, disaggragated by their HS6 level were Whey ($3.53B) and Other Natural Milk Products ($1.69B)

HS6 Disaggregation for Whey and other milk products (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 Whey and other milk products.
It is possible to select the main countries that export or import Whey and other milk products in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Whey and other milk products by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALCanada+ $10.7M
TOP IMPORT POTENTIALCanada+ $14.7M

Whey and other milk products’s highest export potential is Canada. With an export gap of $10.7M.  Whey and other milk products’s highest import potential is Canada with an import gap of $14.7M.

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 Whey and other milk products.

Country by Relatedness

The following visualization shows the relatedness of Whey and other milk products 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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