HS Icon Milk and cream powder unsweetened < 1.5% fat

040221 (Harmonized System 1992 for 6-digit)

Overview:  This page contains the latest trade data of Milk and cream powder unsweetened < 1.5% fat. In 2019, Milk and cream powder unsweetened < 1.5% fat were the world's 298th most traded product, with a total trade of $10.3B. Between 2018 and 2019 the exports of Milk and cream powder unsweetened < 1.5% fat grew by 6.19%, from $9.73B to $10.3B. Trade in Milk and cream powder unsweetened < 1.5% fat represent 0.057% of total world trade.

Exports: In 2019 the top exporters of Milk and cream powder unsweetened < 1.5% fat  were New Zealand ($4.69B), Hong Kong ($945M), Netherlands ($694M), United Arab Emirates ($481M), and Uruguay ($404M).

Imports: In 2019 the top importers of Milk and cream powder unsweetened < 1.5% fat were China ($3B), Algeria ($699M), Hong Kong ($494M), United Arab Emirates ($368M), and Saudi Arabia ($337M).

Tariffs: In 2018 the average tariff for Milk and cream powder unsweetened < 1.5% fat was 25%, making it the 209th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Milk and cream powder unsweetened < 1.5% fat are Iceland (214%), Israel (199%), Turkey (179%), South Korea (173%), and Canada (160%). The countries with the lowest tariffs are Angola (0%), Mauritania (0%), Mauritius (0%), South Africa (0%), and Hong Kong (0%).

Ranking: Milk and cream powder unsweetened < 1.5% fat ranks 4169th 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, $4.69B

Top Destination (2019): China, $3B

Milk and cream powder unsweetened < 1.5% fat are the world's 298th most traded product.

In 2019, the top exporters of Milk and cream powder unsweetened < 1.5% fat were New Zealand ($4.69B), Hong Kong ($945M), Netherlands ($694M), United Arab Emirates ($481M), and Uruguay ($404M).

In 2019, the top importers of Milk and cream powder unsweetened < 1.5% fat were China ($3B), Algeria ($699M), Hong Kong ($494M), United Arab Emirates ($368M), and Saudi Arabia ($337M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Hong Kong, $650M

Top Destination Growth (2018 - 2019): China, $1.07B

Between 2018 and 2019, the exports of Milk and cream powder unsweetened < 1.5% fat grew the fastest in Hong Kong ($650M), New Zealand ($459M), Germany ($53.9M), Malaysia ($37.1M), and China ($35.5M).

Between 2018 and 2019, the fastest growing importers of Milk and cream powder unsweetened < 1.5% fat were China ($1.07B), Hong Kong ($65.6M), Russia ($42.7M), Cuba ($33.4M), and Yemen ($27.1M).

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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 powder unsweetened < 1.5% fat.

In 2019,  market concentration measured using Shannon Entropy, was 3.42. This means that most of the exports of Milk and cream powder unsweetened < 1.5% fat are explained by 10 countries.

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TOP NET EXPORTER (2019): New Zealand, $4.65B

TOP NET IMPORTER (2019): China, $2.9B

This map shows which countries export or import more of Milk and cream powder unsweetened < 1.5% fat. Each country is colored based on the difference in exports and imports of Milk and cream powder unsweetened < 1.5% fat during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Milk and cream powder unsweetened < 1.5% fat were New Zealand ($4.65B), Netherlands ($534M), Hong Kong ($451M), Uruguay ($404M), and Argentina ($281M).

In 2019, the countries that had a largest trade value in imports than in exports of Milk and cream powder unsweetened < 1.5% fat were China ($2.9B), Saudi Arabia ($314M), Sri Lanka ($272M), Bangladesh ($258M), and Brazil ($184M).

Import Tariffs

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In 2018, the average tariff for importing Milk and cream powder unsweetened < 1.5% fat was 25%. The countries with the highest tariffs for importing Milk and cream powder unsweetened < 1.5% fat were Iceland (214%), Israel (199%), Turkey (179%), South Korea (173%), and Canada (160%).

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.