HS Icon Milk powder < 1.5% fat

040210 (Harmonized System 1992 for 6-digit)

Overview This page contains the latest trade data of Milk powder < 1.5% fat. In 2019, Milk powder < 1.5% fat were the world's 401st most traded product, with a total trade of $7.76B. Between 2018 and 2019 the exports of Milk powder < 1.5% fat grew by 17%, from $6.63B to $7.76B. Trade in Milk powder < 1.5% fat represent 0.043% of total world trade.

Exports In 2019 the top exporters of Milk powder < 1.5% fat  were United States ($1.62B), New Zealand ($925M), Germany ($879M), France ($618M), and Belgium ($528M).

Imports In 2019 the top importers of Milk powder < 1.5% fat were Mexico ($877M), China ($867M), Netherlands ($510M), Indonesia ($430M), and Philippines ($388M).

Tariffs In 2018 the average tariff for Milk powder < 1.5% fat was 28.4%, making it the 145th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Milk powder < 1.5% fat are Iceland (228%), Thailand (211%), Turkey (179%), South Korea (173%), and Cyprus (159%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Mauritania (0%), Mauritius (0%), and South Africa (0%).

Ranking Milk powder < 1.5% fat ranks 2758th 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): United States, $1.62B

Top Destination (2019): Mexico, $877M

Milk powder < 1.5% fat are the world's 401st most traded product.

In 2019, the top exporters of Milk powder < 1.5% fat were United States ($1.62B), New Zealand ($925M), Germany ($879M), France ($618M), and Belgium ($528M).

In 2019, the top importers of Milk powder < 1.5% fat were Mexico ($877M), China ($867M), Netherlands ($510M), Indonesia ($430M), and Philippines ($388M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): United States, $275M

Top Destination Growth (2018 - 2019): China, $210M

Between 2018 and 2019, the exports of Milk powder < 1.5% fat grew the fastest in United States ($275M), France ($183M), Ireland ($143M), New Zealand ($126M), and Germany ($125M).

Between 2018 and 2019, the fastest growing importers of Milk powder < 1.5% fat were China ($210M), Mexico ($187M), Netherlands ($117M), Indonesia ($104M), and Philippines ($79.2M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Milk powder < 1.5% fat.

In 2019,  market concentration measured using Shannon Entropy, was 4.1. This means that most of the exports of Milk powder < 1.5% fat are explained by 17 countries.

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TOP NET EXPORTER (2019): United States, $1.62B

TOP NET IMPORTER (2019): Mexico, $874M

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

In 2019, the countries that had a largest trade value in exports than in imports of Milk powder < 1.5% fat were United States ($1.62B), New Zealand ($900M), Germany ($765M), France ($518M), and Belgium ($361M).

In 2019, the countries that had a largest trade value in imports than in exports of Milk powder < 1.5% fat were Mexico ($874M), China ($863M), Indonesia ($426M), Philippines ($388M), and Algeria ($277M).

Import Tariffs

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In 2018, the average tariff for importing Milk powder < 1.5% fat was 28.4%. The countries with the highest tariffs for importing Milk powder < 1.5% fat were Iceland (228%), Thailand (211%), Turkey (179%), South Korea (173%), and Cyprus (159%).

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.