Milk0401 (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).
Trade By Country
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).
Trade by country
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).
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.
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).
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)
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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