HS Icon Lactose and lactose syrup

170210 (Harmonized System 1992 for 6-digit)

World Trade (2018): $1.17B, Rnk 1858 / 4726

Top Exporter (2018): $322M, United States

Top Importer (2018): $114M, China

Product Complexity (2018): 0.27, Rnk 2135 / 4873

Export Growth (CAGR)(2017 - 2018): -7.49%, Rnk 4229 / 4726

Mean Tariff (2018): 3.75%, Rnk 5218 / 6538

Share of World Trade (2018): 0.0064%, Rnk 1858 / 4726

Overview:  This page contains the latest trade data of Lactose and lactose syrup. In 2018, Lactose and lactose syrup were the world's 1858th most traded product, with a total trade of $1.17B. Between 2017 and 2018 the exports of Lactose and lactose syrup decreased by -7.49%, from  $1.26B to $1.17B. Trade in Lactose and lactose syrup represent 0.0064% of total world trade.

Exports: In 2018 the top exporters of Lactose and lactose syrup  were United States ($322M), Germany ($279M), Netherlands ($259M), Denmark ($55.5M), and Austria ($40.3M).

Imports: In 2018 the top importers of Lactose and lactose syrup were China ($114M), Netherlands ($92.9M), Ireland ($90.8M), Japan ($72.5M), and New Zealand ($71M).

Tariffs: In 2018 the average tariff for Lactose and lactose syrup was 3.75%, been the 5218 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Lactose and lactose syrup are Austria (7.5%), Sweden (0%), and Finland (0%).

Ranking: Lactose and lactose syrup ranks 2135th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $322M

Top Destination (2018): China, $114M

Lactose and lactose syrup are the world's 1858th most traded product.

In 2018, the top exporters of Lactose and lactose syrup were United States ($322M), Germany ($279M), Netherlands ($259M), Denmark ($55.5M), and Austria ($40.3M).

In 2018, the top importers of Lactose and lactose syrup were China ($114M), Netherlands ($92.9M), Ireland ($90.8M), Japan ($72.5M), and New Zealand ($71M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Austria, $11.3M

Top Destination Growth (2017 - 2018): China, $19.4M

Between 2017 and 2018, the exports of Lactose and lactose syrup grew the fastest in Austria ($11.3M), Denmark ($5.89M), Canada ($4.97M), Poland ($4.03M), and United Arab Emirates ($2.62M).

Between 2017 and 2018, the fastest growing importers of Lactose and lactose syrup were China ($19.4M), Poland ($6.53M), India ($4.1M), Canada ($3.6M), and Slovenia ($2.92M).

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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 Lactose and lactose syrup.

In 2018,  market concentration measured using Shannon Entropy, was 3.07. This means that most of the exports of Lactose and lactose syrup are explained by 8 countries.

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TOP NET EXPORTER (2018): United States, $313M

TOP NET IMPORTER (2018): China, $108M

This map shows which countries export or import more of Lactose and lactose syrup. Each country is colored based on the difference in exports and imports of Lactose and lactose syrup during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Lactose and lactose syrup were United States ($313M), Germany ($219M), Netherlands ($166M), Denmark ($26.7M), and Austria ($25.7M).

In 2018, the countries that had a largest trade value in imports than in exports of Lactose and lactose syrup were China ($108M), Ireland ($84.2M), Japan ($72.1M), India ($55.1M), and Mexico ($37.3M).

Trade Forecasts

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This section shows forecasts for total trade for Lactose and lactose syrup. 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 Lactose and lactose syrup was 3.75%.  The countries with the highest tariffs for importing Lactose and lactose syrup were Austria (7.5%), Sweden (0%), and Finland (0%).

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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.