Milk0401 (Harmonized System 1992 for 4-digit)
World Trade (2018): $9.41B, Rnk 338 / 1225
Top Exporter (2018): $1.47B, Germany
Top Importer (2018): $1.47B, Germany
Product Complexity (2018): 0.008, Rnk 545 / 1018
Export Growth (CAGR)(2017 - 2018): 4.67%, Rnk 981 / 1225
Mean Tariff (2018): 51%, Rnk 4 / 1259
Share of World Trade (2018): 0.051%, Rnk 338 / 1225
Overview: This page contains the latest trade data of Milk. In 2018, Milk were the world's 338th most traded product, with a total trade of $9.41B. Between 2017 and 2018 the exports of Milk grew by 4.67%, from $8.99B to $9.41B. Trade in Milk represent 0.051% of total world trade.
Exports: In 2018 the top exporters of Milk were Germany ($1.47B), Belgium-Luxembourg ($907M), Netherlands ($880M), France ($790M), and New Zealand ($527M).
Imports: In 2018 the top importers of Milk were Germany ($1.47B), China ($837M), Belgium-Luxembourg ($801M), Italy ($781M), and Netherlands ($702M).
Tariffs: In 2018 the average tariff for Milk was 51%, been the 4 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Milk are Austria (533%), Norway (370%), Cyprus (161%), Turkey (149%), and Iceland (145%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), South Africa (0%), Hong Kong (0%), and Maldives (0%).
Ranking: Milk ranks 545th in the Product Complexity Index (PCI).
Trade By Country
Milk are the world's 338th most traded product.
In 2018, the top exporters of Milk were Germany ($1.47B), Belgium-Luxembourg ($907M), Netherlands ($880M), France ($790M), and New Zealand ($527M).
In 2018, the top importers of Milk were Germany ($1.47B), China ($837M), Belgium-Luxembourg ($801M), Italy ($781M), and Netherlands ($702M).
Trade by country
Top Origin Growth (2017 - 2018): United Kingdom, $228M
Top Destination Growth (2017 - 2018): Ireland, $229M
Between 2017 and 2018, the exports of Milk grew the fastest in United Kingdom ($228M), Saudi Arabia ($88.5M), Kuwait ($58.4M), United Arab Emirates ($55.4M), and Slovenia ($53.8M).
Between 2017 and 2018, the fastest growing importers of Milk were Ireland ($229M), United Arab Emirates ($91.6M), Croatia ($84.8M), Iraq ($80M), and United Kingdom ($68.9M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Milk.
In 2018, market concentration measured using Shannon Entropy, was 4.58. This means that most of the exports of Milk are explained by 23 countries.
TOP NET EXPORTER (2018): New Zealand, $521M
TOP NET IMPORTER (2018): China, $812M
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 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Milk were New Zealand ($521M), Czechia ($368M), France ($270M), Poland ($257M), and Austria ($231M).
In 2018, the countries that had a largest trade value in imports than in exports of Milk were China ($812M), Italy ($678M), Ireland ($177M), Russia ($161M), and Greece ($94.4M).
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.
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