HS Icon Milk and cream nes sweetened or concentrated

040299 (Harmonized System 1992 for 6-digit)

World Trade (2018): $1.2B, Rnk 1827 / 4726

Top Exporter (2018): $162M, Netherlands

Top Importer (2018): $88.3M, United Arab Emirates

Export Growth (CAGR)(2017 - 2018): 19.7%, Rnk 1402 / 4726

Mean Tariff (2018): 25.4%, Rnk 200 / 6538

Share of World Trade (2018): 0.0065%, Rnk 1827 / 4726

Overview:  This page contains the latest trade data of Milk and cream nes sweetened or concentrated. In 2018, Milk and cream nes sweetened or concentrated were the world's 1827th most traded product, with a total trade of $1.2B. Between 2017 and 2018 the exports of Milk and cream nes sweetened or concentrated grew by 19.7%, from  $1.01B to $1.2B. Trade in Milk and cream nes sweetened or concentrated represent 0.0065% of total world trade.

Exports: In 2018 the top exporters of Milk and cream nes sweetened or concentrated  were Netherlands ($162M), Belgium-Luxembourg ($154M), Saudi Arabia ($134M), Malaysia ($81.1M), and Spain ($67.8M).

Imports: In 2018 the top importers of Milk and cream nes sweetened or concentrated were United Arab Emirates ($88.3M), Saudi Arabia ($73.4M), Netherlands ($70.6M), United Kingdom ($69.4M), and France ($63.3M).

Tariffs: In 2018 the average tariff for Milk and cream nes sweetened or concentrated was 25.4%, been the 200 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Milk and cream nes sweetened or concentrated are Iceland (321%), Canada (183%), Turkey (179%), South Korea (88%), and Poland (79%). The countries with the lowest tariffs are Angola (0%), Mauritania (0%), Mauritius (0%), South Africa (0%), and Hong Kong (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): Netherlands, $162M

Top Destination (2018): United Arab Emirates, $88.3M

Milk and cream nes sweetened or concentrated are the world's 1827th most traded product.

In 2018, the top exporters of Milk and cream nes sweetened or concentrated were Netherlands ($162M), Belgium-Luxembourg ($154M), Saudi Arabia ($134M), Malaysia ($81.1M), and Spain ($67.8M).

In 2018, the top importers of Milk and cream nes sweetened or concentrated were United Arab Emirates ($88.3M), Saudi Arabia ($73.4M), Netherlands ($70.6M), United Kingdom ($69.4M), and France ($63.3M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Saudi Arabia, $110M

Top Destination Growth (2017 - 2018): United Arab Emirates, $80.4M

Between 2017 and 2018, the exports of Milk and cream nes sweetened or concentrated grew the fastest in Saudi Arabia ($110M), Belgium-Luxembourg ($37.2M), New Zealand ($28M), Spain ($17.7M), and Malaysia ($16.3M).

Between 2017 and 2018, the fastest growing importers of Milk and cream nes sweetened or concentrated were United Arab Emirates ($80.4M), Saudi Arabia ($39M), Kuwait ($16.6M), Netherlands ($14.5M), and Bahrain ($13M).

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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 nes sweetened or concentrated.

In 2018,  market concentration measured using Shannon Entropy, was 4.55. This means that most of the exports of Milk and cream nes sweetened or concentrated are explained by 23 countries.

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TOP NET EXPORTER (2018): Belgium-Luxembourg, $135M

TOP NET IMPORTER (2018): China, $53.1M

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

In 2018, the countries that had a largest trade value in exports than in imports of Milk and cream nes sweetened or concentrated were Belgium-Luxembourg ($135M), Netherlands ($91.5M), Malaysia ($75.5M), Belarus ($62.6M), and Saudi Arabia ($60.4M).

In 2018, the countries that had a largest trade value in imports than in exports of Milk and cream nes sweetened or concentrated were China ($53.1M), United Kingdom ($52.9M), United Arab Emirates ($48.3M), Oman ($43.4M), and Russia ($39.5M).

Trade Forecasts

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This section shows forecasts for total trade for Milk and cream nes sweetened or concentrated. 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 nes sweetened or concentrated was 25.4%.  The countries with the highest tariffs for importing Milk and cream nes sweetened or concentrated were Iceland (321%), Canada (183%), Turkey (179%), South Korea (88%), and Poland (79%).

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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.