HS Icon Milk powder < 1.5% fat

040210 (Harmonized System 1992 for 6-digit)

World Trade (2018): $6.48B, Rnk 505 / 4726

Top Exporter (2018): $1.34B, United States

Top Importer (2018): $689M, Mexico

Product Complexity (2018): -0.16, Rnk 2872 / 4873

Export Growth (CAGR)(2017 - 2018): -4.77%, Rnk 4123 / 4726

Mean Tariff (2018): 28.4%, Rnk 145 / 6538

Share of World Trade (2018): 0.035%, Rnk 505 / 4726

Overview:  This page contains the latest trade data of Milk powder < 1.5% fat. In 2018, Milk powder < 1.5% fat were the world's 505th most traded product, with a total trade of $6.48B. Between 2017 and 2018 the exports of Milk powder < 1.5% fat decreased by -4.77%, from  $6.8B to $6.48B. Trade in Milk powder < 1.5% fat represent 0.035% of total world trade.

Exports: In 2018 the top exporters of Milk powder < 1.5% fat  were United States ($1.34B), New Zealand ($764M), Germany ($754M), France ($433M), and Belgium-Luxembourg ($419M).

Imports: In 2018 the top importers of Milk powder < 1.5% fat were Mexico ($689M), China ($656M), Netherlands ($394M), Indonesia ($326M), and Algeria ($312M).

Tariffs: In 2018 the average tariff for Milk powder < 1.5% fat was 28.4%, been the 145 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Milk powder < 1.5% fat are Iceland (228%), Thailand (211%), Turkey (179%), South Korea (173%), and Cyprus (159%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Mauritania (0%), Mauritius (0%), and South Africa (0%).

Ranking: Milk powder < 1.5% fat ranks 2872nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $1.34B

Top Destination (2018): Mexico, $689M

Milk powder < 1.5% fat are the world's 505th most traded product.

In 2018, the top exporters of Milk powder < 1.5% fat were United States ($1.34B), New Zealand ($764M), Germany ($754M), France ($433M), and Belgium-Luxembourg ($419M).

In 2018, the top importers of Milk powder < 1.5% fat were Mexico ($689M), China ($656M), Netherlands ($394M), Indonesia ($326M), and Algeria ($312M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $84.7M

Top Destination Growth (2017 - 2018): Netherlands, $73M

Between 2017 and 2018, the exports of Milk powder < 1.5% fat grew the fastest in United States ($84.7M), Mexico ($65.7M), Poland ($50.4M), India ($49.6M), and Saudi Arabia ($35.7M).

Between 2017 and 2018, the fastest growing importers of Milk powder < 1.5% fat were Netherlands ($73M), Venezuela ($70.2M), Yemen ($22.1M), Australia ($21.9M), and Dominican Republic ($18.1M).

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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 powder < 1.5% fat.

In 2018,  market concentration measured using Shannon Entropy, was 4.16. This means that most of the exports of Milk powder < 1.5% fat are explained by 17 countries.

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TOP NET EXPORTER (2018): United States, $1.34B

TOP NET IMPORTER (2018): China, $652M

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 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Milk powder < 1.5% fat were United States ($1.34B), New Zealand ($747M), Germany ($664M), France ($354M), and Australia ($303M).

In 2018, the countries that had a largest trade value in imports than in exports of Milk powder < 1.5% fat were China ($652M), Mexico ($564M), Indonesia ($322M), Algeria ($312M), and Philippines ($307M).

Trade Forecasts

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This section shows forecasts for total trade for Milk powder < 1.5% 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 powder < 1.5% fat was 28.4%.  The countries with the highest tariffs for importing Milk powder < 1.5% fat were Iceland (228%), Thailand (211%), Turkey (179%), South Korea (173%), and Cyprus (159%).

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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.