HS Icon Concentrated Milk

0402 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $21.3B, Rnk 174 / 1217

2019
Top Exporter | Top Importer
: $5.73B | $4.07B, New Zealand | China

2019
Product Complexity
: -0.93, Rnk 764 / 961

2018 - 2019
Export Growth (CAGR)
: 7.95%, Rnk 101 / 1217

2018
Mean Tariff
: 26.3%, Rnk 37 / 1259

 2019
Share of World Trade
: 0.12%, Rnk 174 / 1217

Overview:  This page contains the latest trade data of Concentrated Milk. In 2019, Concentrated Milk were the world's 174th most traded product, with a total trade of $21.3B. Between 2018 and 2019 the exports of Concentrated Milk grew by 7.95%, from  $19.8B to $21.3B. Trade in Concentrated Milk represent 0.12% of total world trade.

Exports: In 2019 the top exporters of Concentrated Milk  were New Zealand ($5.73B), United States ($1.77B), Netherlands ($1.72B), Germany ($1.58B), and Belgium ($990M).

Imports: In 2019 the top importers of Concentrated Milk were China ($4.07B), Algeria ($982M), Mexico ($915M), Netherlands ($869M), and Saudi Arabia ($741M).

Tariffs: In 2018 the average tariff for Concentrated Milk was 26.3%, making it the 37th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Concentrated Milk are Iceland (282%), Turkey (179%), Canada (164%), Israel (142%), and South Korea (139%). The countries with the lowest tariffs are Angola (0%), Mauritania (0%), Mauritius (0%), South Africa (0%), and Hong Kong (0%).

Ranking: Concentrated Milk ranks 764th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2019): New Zealand, $5.73B

Top Destination (2019): China, $4.07B

Concentrated Milk are the world's 174th most traded product.

In 2019, the top exporters of Concentrated Milk were New Zealand ($5.73B), United States ($1.77B), Netherlands ($1.72B), Germany ($1.58B), and Belgium ($990M).

In 2019, the top importers of Concentrated Milk were China ($4.07B), Algeria ($982M), Mexico ($915M), Netherlands ($869M), and Saudi Arabia ($741M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Hong Kong, $649M

Top Destination Growth (2018 - 2019): China, $1.32B

Between 2018 and 2019, the exports of Concentrated Milk grew the fastest in Hong Kong ($649M), New Zealand ($604M), United States ($260M), Germany ($212M), and France ($165M).

Between 2018 and 2019, the fastest growing importers of Concentrated Milk were China ($1.32B), Mexico ($164M), Netherlands ($132M), Indonesia ($124M), and Germany ($113M).

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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 Concentrated Milk.

In 2019,  market concentration measured using Shannon Entropy, was 4.29. This means that most of the exports of Concentrated Milk are explained by 19 countries.

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TOP NET EXPORTER (2019): New Zealand, $5.66B

TOP NET IMPORTER (2019): China, $3.96B

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

In 2019, the countries that had a largest trade value in exports than in imports of Concentrated Milk were New Zealand ($5.66B), United States ($1.66B), Germany ($1.16B), Netherlands ($850M), and France ($675M).

In 2019, the countries that had a largest trade value in imports than in exports of Concentrated Milk were China ($3.96B), Algeria ($979M), Mexico ($830M), Indonesia ($601M), and Philippines ($480M).

Disaggregation

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Value

In 2019, the world most traded Concentrated Milk, disaggragated by their HS6 level were Milk and cream powder unsweetened <... ($10.3B), Milk powder < 1.5% fat ($7.76B), Milk and cream unsweetened, concentrated ($1.47B), Milk and cream nes sweetened or... ($1.21B), and Milk and cream powder sweetened <... ($566M)

Import Tariffs

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In 2018, the average tariff for importing Concentrated Milk was 26.3%.  The countries with the highest tariffs for importing Concentrated Milk were Iceland (282%), Turkey (179%), Canada (164%), Israel (142%), and South Korea (139%).

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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.