Overview:  This page contains the latest trade data of Butter. In 2019, Butter were the world's 325th most traded product, with a total trade of $9.75B. Between 2018 and 2019 the exports of Butter decreased by -11.7%, from $11B to $9.75B. Trade in Butter represent 0.054% of total world trade.

Exports: In 2019 the top exporters of Butter  were New Zealand ($2.29B), Netherlands ($1.42B), Ireland ($1.3B), Germany ($768M), and Belgium ($698M).

Imports: In 2019 the top importers of Butter were France ($989M), Germany ($886M), Netherlands ($772M), Belgium ($604M), and Russia ($603M).

Tariffs: In 2018 the average tariff for Butter was 23.7%, making it the 61st lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Butter are Canada (166%), Turkey (164%), Iceland (126%), Israel (102%), and Hungary (86.6%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Lebanon (0%), and Maldives (0%).

Ranking: Butter ranks 539th in the Product Complexity Index (PCI).

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): New Zealand, $2.29B

Top Destination (2019): France, $989M

Butter are the world's 325th most traded product.

In 2019, the top exporters of Butter were New Zealand ($2.29B), Netherlands ($1.42B), Ireland ($1.3B), Germany ($768M), and Belgium ($698M).

In 2019, the top importers of Butter were France ($989M), Germany ($886M), Netherlands ($772M), Belgium ($604M), and Russia ($603M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Argentina, $26.1M

Top Destination Growth (2018 - 2019): Russia, $287M

Between 2018 and 2019, the exports of Butter grew the fastest in Argentina ($26.1M), Belarus ($23.9M), India ($21.7M), Mexico ($10.9M), and Kyrgyzstan ($7.1M).

Between 2018 and 2019, the fastest growing importers of Butter were Russia ($287M), United States ($125M), Turkey ($50M), Japan ($25.2M), and Israel ($16.3M).

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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 Butter.

In 2019,  market concentration measured using Shannon Entropy, was 3.83. This means that most of the exports of Butter are explained by 14 countries.

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TOP NET EXPORTER (2019): New Zealand, $2.29B

TOP NET IMPORTER (2019): Russia, $597M

This map shows which countries export or import more of Butter. Each country is colored based on the difference in exports and imports of Butter during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Butter were New Zealand ($2.29B), Ireland ($1.26B), Netherlands ($649M), Belarus ($377M), and Denmark ($228M).

In 2019, the countries that had a largest trade value in imports than in exports of Butter were Russia ($597M), China ($494M), France ($428M), United States ($358M), and Italy ($271M).

Disaggregation

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Value

In 2019, the world most traded Butter, disaggragated by their HS6 level were Butter and other fats and oils... ($9.75B)

Import Tariffs

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In 2018, the average tariff for importing Butter was 23.7%. The countries with the highest tariffs for importing Butter were Canada (166%), Turkey (164%), Iceland (126%), Israel (102%), and Hungary (86.6%).

Product Complexity

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Diversification Frontier

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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.

Country by Relatedness

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The following visualization shows the relatedness of Butter to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.