HS Icon Milk

0401 (Harmonized System 1992 for 4-digit)

World Trade (2019): $9.15B, Rnk 335 / 1217

Top Exporter (2019): $1.44B, Germany

Top Importer (2019): $1.33B, Germany

Product Complexity (2019): -0.16, Rnk 572 / 961

Export Growth (CAGR)(2018 - 2019): -5.62%, Rnk 767 / 1217

Mean Tariff (2018): 51%, Rnk 4 / 1259

Share of World Trade (2019): 0.051%, Rnk 335 / 1217

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.

Exports: In 2019 the top exporters of Milk  were Germany ($1.44B), Belgium ($762M), Netherlands ($752M), France ($730M), and New Zealand ($624M).

Imports: In 2019 the top importers of Milk were Germany ($1.33B), China ($1.04B), Italy ($811M), Belgium ($680M), and Netherlands ($624M).

Tariffs: In 2018 the average tariff for Milk was 51%, making it the 4th 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 572nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $1.44B

Top Destination (2019): Germany, $1.33B

Milk are the world's 335th most traded product.

In 2019, the top exporters of Milk were Germany ($1.44B), Belgium ($762M), Netherlands ($752M), France ($730M), and New Zealand ($624M).

In 2019, the top importers of Milk were Germany ($1.33B), China ($1.04B), Italy ($811M), Belgium ($680M), and Netherlands ($624M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): New Zealand, $94.8M

Top Destination Growth (2018 - 2019): China, $199M

Between 2018 and 2019, the exports of Milk grew the fastest in New Zealand ($94.8M), Uganda ($33.4M), Thailand ($31.3M), Saudi Arabia ($26.7M), and Australia ($13.8M).

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).

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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.

In 2019,  market concentration measured using Shannon Entropy, was 4.67. This means that most of the exports of Milk are explained by 25 countries.

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TOP NET EXPORTER (2019): New Zealand, $613M

TOP NET IMPORTER (2019): China, $1.01B

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).

Disaggregation

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Value

In 2019, the world most traded Milk, disaggragated by their HS6 level were Milk not concentrated nor sweetened 1-6%... ($5.11B), Milk and cream not concentrated nor... ($3.11B), and Milk not concentrated nor sweetened <... ($926M)

Import Tariffs

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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%).

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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.