HS Icon Milk not concentrated nor sweetened 1-6% fat

040120 (Harmonized System 1992 for 6-digit)

World Trade (2018): $5.19B, Rnk 607 / 4726

Top Exporter (2018): $783M, Germany

Top Importer (2018): $980M, Germany

Product Complexity (2018): -0.14, Rnk 2840 / 4873

Export Growth (CAGR)(2017 - 2018): 4.81%, Rnk 3354 / 4726

Mean Tariff (2018): 52.4%, Rnk 17 / 6538

Share of World Trade (2018): 0.028%, Rnk 607 / 4726

Overview:  This page contains the latest trade data of Milk not concentrated nor sweetened 1-6% fat. In 2018, Milk not concentrated nor sweetened 1-6% fat were the world's 607th most traded product, with a total trade of $5.19B. Between 2017 and 2018 the exports of Milk not concentrated nor sweetened 1-6% fat grew by 4.81%, from  $4.95B to $5.19B. Trade in Milk not concentrated nor sweetened 1-6% fat represent 0.028% of total world trade.

Exports: In 2018 the top exporters of Milk not concentrated nor sweetened 1-6% fat  were Germany ($783M), Belgium-Luxembourg ($382M), France ($375M), Czechia ($367M), and United Kingdom ($344M).

Imports: In 2018 the top importers of Milk not concentrated nor sweetened 1-6% fat were Germany ($980M), Italy ($503M), Belgium-Luxembourg ($410M), China ($380M), and Netherlands ($350M).

Tariffs: In 2018 the average tariff for Milk not concentrated nor sweetened 1-6% fat was 52.4%, been the 17 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Milk not concentrated nor sweetened 1-6% fat are Austria (568%), Norway (336%), Cyprus (288%), Turkey (149%), and Barbados (133%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), South Africa (0%), Hong Kong (0%), and Maldives (0%).

Ranking: Milk not concentrated nor sweetened 1-6% fat ranks 2840th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $783M

Top Destination (2018): Germany, $980M

Milk not concentrated nor sweetened 1-6% fat are the world's 607th most traded product.

In 2018, the top exporters of Milk not concentrated nor sweetened 1-6% fat were Germany ($783M), Belgium-Luxembourg ($382M), France ($375M), Czechia ($367M), and United Kingdom ($344M).

In 2018, the top importers of Milk not concentrated nor sweetened 1-6% fat were Germany ($980M), Italy ($503M), Belgium-Luxembourg ($410M), China ($380M), and Netherlands ($350M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United Kingdom, $202M

Top Destination Growth (2017 - 2018): Ireland, $214M

Between 2017 and 2018, the exports of Milk not concentrated nor sweetened 1-6% fat grew the fastest in United Kingdom ($202M), Slovenia ($52.7M), New Zealand ($50.6M), Czechia ($48M), and United Arab Emirates ($47.3M).

Between 2017 and 2018, the fastest growing importers of Milk not concentrated nor sweetened 1-6% fat were Ireland ($214M), Croatia ($71.3M), Cambodia ($35.3M), Iraq ($29.8M), and United Arab Emirates ($28.2M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Milk not concentrated nor sweetened 1-6% fat.

In 2018,  market concentration measured using Shannon Entropy, was 4.67. This means that most of the exports of Milk not concentrated nor sweetened 1-6% fat are explained by 25 countries.

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TOP NET EXPORTER (2018): Czechia, $357M

TOP NET IMPORTER (2018): Italy, $465M

This map shows which countries export or import more of Milk not concentrated nor sweetened 1-6% fat. Each country is colored based on the difference in exports and imports of Milk not concentrated nor sweetened 1-6% fat during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Milk not concentrated nor sweetened 1-6% fat were Czechia ($357M), France ($265M), United Kingdom ($254M), Austria ($207M), and New Zealand ($206M).

In 2018, the countries that had a largest trade value in imports than in exports of Milk not concentrated nor sweetened 1-6% fat were Italy ($465M), China ($356M), Ireland ($261M), Germany ($197M), and Lithuania ($135M).

Trade Forecasts

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This section shows forecasts for total trade for Milk not concentrated nor sweetened 1-6% fat. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Milk not concentrated nor sweetened 1-6% fat was 52.4%.  The countries with the highest tariffs for importing Milk not concentrated nor sweetened 1-6% fat were Austria (568%), Norway (336%), Cyprus (288%), Turkey (149%), and Barbados (133%).

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Product Complexity

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Diversification Frontier

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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.