HS Icon Natural milk products nes

040490 (Harmonized System 1992 for 6-digit)

Overview This page contains the latest trade data of Natural milk products nes. In 2019, Natural milk products nes were the world's 1674th most traded product, with a total trade of $1.35B. Between 2018 and 2019 the exports of Natural milk products nes grew by 6.06%, from $1.28B to $1.35B. Trade in Natural milk products nes represent 0.0075% of total world trade.

Exports In 2019 the top exporters of Natural milk products nes  were New Zealand ($377M), Netherlands ($171M), United States ($137M), France ($112M), and Denmark ($105M).

Imports In 2019 the top importers of Natural milk products nes were United States ($227M), South Korea ($104M), Japan ($76.6M), Germany ($68.4M), and Egypt ($64.6M).

Tariffs In 2018 the average tariff for Natural milk products nes was 30.7%, making it the 92nd lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Natural milk products nes are Switzerland (287%), Liechtenstein (287%), Austria (168%), Japan (166%), and Cyprus (140%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Maldives (0%), and Singapore (0%).

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): New Zealand, $377M

Top Destination (2019): United States, $227M

Natural milk products nes are the world's 1674th most traded product.

In 2019, the top exporters of Natural milk products nes were New Zealand ($377M), Netherlands ($171M), United States ($137M), France ($112M), and Denmark ($105M).

In 2019, the top importers of Natural milk products nes were United States ($227M), South Korea ($104M), Japan ($76.6M), Germany ($68.4M), and Egypt ($64.6M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): New Zealand, $25.3M

Top Destination Growth (2018 - 2019): Egypt, $24.5M

Between 2018 and 2019, the exports of Natural milk products nes grew the fastest in New Zealand ($25.3M), Germany ($19.6M), United States ($13.4M), Netherlands ($12.9M), and Canada ($11.3M).

Between 2018 and 2019, the fastest growing importers of Natural milk products nes were Egypt ($24.5M), Saudi Arabia ($15.3M), South Korea ($10M), Germany ($8.69M), and Morocco ($7.66M).

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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 Natural milk products nes.

In 2019,  market concentration measured using Shannon Entropy, was 3.78. This means that most of the exports of Natural milk products nes are explained by 13 countries.

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TOP NET EXPORTER (2019): New Zealand, $367M

TOP NET IMPORTER (2019): South Korea, $89.9M

This map shows which countries export or import more of Natural milk products nes. Each country is colored based on the difference in exports and imports of Natural milk products nes during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Natural milk products nes were New Zealand ($367M), Netherlands ($114M), Denmark ($85.1M), France ($61.6M), and Lithuania ($28.6M).

In 2019, the countries that had a largest trade value in imports than in exports of Natural milk products nes were South Korea ($89.9M), United States ($89.8M), Japan ($74.4M), Egypt ($64.3M), and Mexico ($48.8M).

Import Tariffs

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In 2018, the average tariff for importing Natural milk products nes was 30.7%. The countries with the highest tariffs for importing Natural milk products nes were Switzerland (287%), Liechtenstein (287%), Austria (168%), Japan (166%), and Cyprus (140%).

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.