HS Icon Milk and cream powder sweetened < 1.5% fat

040229 (Harmonized System 1992 for 6-digit)

World Trade (2018): $624M, Rnk 2545 / 4726

Top Exporter (2018): $90.6M, Netherlands

Top Importer (2018): $77M, China

Product Complexity (2018): -0.91, Rnk 3902 / 4873

Export Growth (CAGR)(2017 - 2018): 4.71%, Rnk 3367 / 4726

Mean Tariff (2018): 24%, Rnk 293 / 6538

Share of World Trade (2018): 0.0034%, Rnk 2545 / 4726

Overview:  This page contains the latest trade data of Milk and cream powder sweetened < 1.5% fat. In 2018, Milk and cream powder sweetened < 1.5% fat were the world's 2545th most traded product, with a total trade of $624M. Between 2017 and 2018 the exports of Milk and cream powder sweetened < 1.5% fat grew by 4.71%, from  $596M to $624M. Trade in Milk and cream powder sweetened < 1.5% fat represent 0.0034% of total world trade.

Exports: In 2018 the top exporters of Milk and cream powder sweetened < 1.5% fat  were Netherlands ($90.6M), Australia ($63.3M), New Zealand ($52.3M), France ($49.3M), and United Arab Emirates ($38M).

Imports: In 2018 the top importers of Milk and cream powder sweetened < 1.5% fat were China ($77M), Saudi Arabia ($72M), United Arab Emirates ($57.6M), United Kingdom ($31M), and Angola ($23.3M).

Tariffs: In 2018 the average tariff for Milk and cream powder sweetened < 1.5% fat was 24%, been the 293 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Milk and cream powder sweetened < 1.5% fat are Israel (211%), Iceland (205%), Turkey (179%), South Korea (174%), and Canada (160%). The countries with the lowest tariffs are Angola (0%), Mauritania (0%), Mauritius (0%), South Africa (0%), and Hong Kong (0%).

Ranking: Milk and cream powder sweetened < 1.5% fat ranks 3902nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Netherlands, $90.6M

Top Destination (2018): China, $77M

Milk and cream powder sweetened < 1.5% fat are the world's 2545th most traded product.

In 2018, the top exporters of Milk and cream powder sweetened < 1.5% fat were Netherlands ($90.6M), Australia ($63.3M), New Zealand ($52.3M), France ($49.3M), and United Arab Emirates ($38M).

In 2018, the top importers of Milk and cream powder sweetened < 1.5% fat were China ($77M), Saudi Arabia ($72M), United Arab Emirates ($57.6M), United Kingdom ($31M), and Angola ($23.3M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Australia, $32.8M

Top Destination Growth (2017 - 2018): Saudi Arabia, $65.1M

Between 2017 and 2018, the exports of Milk and cream powder sweetened < 1.5% fat grew the fastest in Australia ($32.8M), United Arab Emirates ($29.5M), Netherlands ($23.8M), Saudi Arabia ($23.6M), and Oman ($21.2M).

Between 2017 and 2018, the fastest growing importers of Milk and cream powder sweetened < 1.5% fat were Saudi Arabia ($65.1M), United Arab Emirates ($54.9M), Angola ($21.8M), Somalia ($17.6M), and Maldives ($12.4M).

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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 and cream powder sweetened < 1.5% fat.

In 2018,  market concentration measured using Shannon Entropy, was 4.58. This means that most of the exports of Milk and cream powder sweetened < 1.5% fat are explained by 23 countries.

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TOP NET EXPORTER (2018): Netherlands, $75.4M

TOP NET IMPORTER (2018): China, $73.8M

This map shows which countries export or import more of Milk and cream powder sweetened < 1.5% fat. Each country is colored based on the difference in exports and imports of Milk and cream powder sweetened < 1.5% fat during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Milk and cream powder sweetened < 1.5% fat were Netherlands ($75.4M), Australia ($53.6M), New Zealand ($51.3M), France ($33.1M), and Oman ($19.5M).

In 2018, the countries that had a largest trade value in imports than in exports of Milk and cream powder sweetened < 1.5% fat were China ($73.8M), Saudi Arabia ($47.7M), Angola ($23.2M), United Arab Emirates ($19.6M), and Mauritius ($13.2M).

Trade Forecasts

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This section shows forecasts for total trade for Milk and cream powder sweetened < 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 and cream powder sweetened < 1.5% fat was 24%.  The countries with the highest tariffs for importing Milk and cream powder sweetened < 1.5% fat were Israel (211%), Iceland (205%), Turkey (179%), South Korea (174%), and Canada (160%).

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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.