Overview: This page contains the latest trade data of Milk. In 2019, Milk were the world's 335th most traded product, with a total trade of $9.15B. Between 2018 and 2019 the exports of Milk decreased by -5.62%, from $9.69B to $9.15B. Trade in Milk represent 0.051% of total world trade.
Between 2018 and 2019, the fastest growing importers of Milk were China ($199M), Russia ($38.6M), Kenya ($37.2M), Italy ($32.6M), and Denmark ($21.5M).
This map shows which countries export or import more of Milk. Each country is colored based on the difference in exports and imports of Milk during 2019.
In 2019, the countries that had a largest trade value in exports than in imports of Milk were New Zealand ($613M), Czechia ($337M), Poland ($289M), France ($272M), and Austria ($257M).
In 2019, the countries that had a largest trade value in imports than in exports of Milk were China ($1.01B), Italy ($724M), Russia ($198M), Ireland ($177M), and Hong Kong ($101M).
In 2018, the average tariff for importing Milk was 51%. The countries with the highest tariffs for importing Milk were Austria (533%), Norway (370%), Cyprus (161%), Turkey (149%), and Iceland (145%).
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.