HS Icon Milk and cream nes sweetened or concentrated

040299 (Harmonized System 1992 for 6-digit)

World Trade (2019): $1.21B, Rnk 1792 / 4648

Top Exporter (2019): $169M, Belgium

Top Importer (2019): $86.4M, Saudi Arabia

Product Complexity (2019): -1.02, Rnk 3988 / 4826

Export Growth (CAGR)(2018 - 2019): -3.49%, Rnk 2307 / 4648

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

Share of World Trade (2019): 0.0067%, Rnk 1792 / 4648

Overview:  This page contains the latest trade data of Milk and cream nes sweetened or concentrated. In 2019, Milk and cream nes sweetened or concentrated were the world's 1792nd most traded product, with a total trade of $1.21B. Between 2018 and 2019 the exports of Milk and cream nes sweetened or concentrated decreased by -3.49%, from  $1.25B to $1.21B. Trade in Milk and cream nes sweetened or concentrated represent 0.0067% of total world trade.

Exports: In 2019 the top exporters of Milk and cream nes sweetened or concentrated  were Belgium ($169M), Saudi Arabia ($153M), Netherlands ($152M), Germany ($80.9M), and Belarus ($76.7M).

Imports: In 2019 the top importers of Milk and cream nes sweetened or concentrated were Saudi Arabia ($86.4M), United Arab Emirates ($86M), China ($77.3M), United Kingdom ($73.2M), and Russia ($67M).

Tariffs: In 2018 the average tariff for Milk and cream nes sweetened or concentrated was 25.4%, making it the 200th 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%).

Ranking: Milk and cream nes sweetened or concentrated ranks 3988th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2019): Belgium, $169M

Top Destination (2019): Saudi Arabia, $86.4M

Milk and cream nes sweetened or concentrated are the world's 1792nd most traded product.

In 2019, the top exporters of Milk and cream nes sweetened or concentrated were Belgium ($169M), Saudi Arabia ($153M), Netherlands ($152M), Germany ($80.9M), and Belarus ($76.7M).

In 2019, the top importers of Milk and cream nes sweetened or concentrated were Saudi Arabia ($86.4M), United Arab Emirates ($86M), China ($77.3M), United Kingdom ($73.2M), and Russia ($67M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Saudi Arabia, $19.2M

Top Destination Growth (2018 - 2019): China, $18.9M

Between 2018 and 2019, the exports of Milk and cream nes sweetened or concentrated grew the fastest in Saudi Arabia ($19.2M), Belgium ($16.7M), Germany ($14.9M), Belarus ($12.6M), and United Kingdom ($11.5M).

Between 2018 and 2019, the fastest growing importers of Milk and cream nes sweetened or concentrated were China ($18.9M), Germany ($14.9M), Russia ($12.8M), Saudi Arabia ($12.1M), and Bahrain ($5.14M).

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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 2019,  market concentration measured using Shannon Entropy, was 4.51. This means that most of the exports of Milk and cream nes sweetened or concentrated are explained by 22 countries.

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TOP NET EXPORTER (2019): Belgium, $154M

TOP NET IMPORTER (2019): United Arab Emirates, $74.8M

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Milk and cream nes sweetened or concentrated were Belgium ($154M), Netherlands ($87.6M), Belarus ($75.4M), Malaysia ($67M), and Saudi Arabia ($66.2M).

In 2019, the countries that had a largest trade value in imports than in exports of Milk and cream nes sweetened or concentrated were United Arab Emirates ($74.8M), China ($71.2M), Russia ($53.3M), United Kingdom ($44.9M), and France ($34.1M).

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.