HS Icon Whey

040410 (Harmonized System 1992 for 6-digit)

Overview This page contains the latest trade data of Whey. In 2019, Whey were the world's 928th most traded product, with a total trade of $3.23B. Between 2018 and 2019 the exports of Whey grew by 5.26%, from $3.07B to $3.23B. Trade in Whey represent 0.018% of total world trade.

Exports In 2019 the top exporters of Whey  were Germany ($490M), United States ($489M), France ($419M), Netherlands ($268M), and Poland ($191M).

Imports In 2019 the top importers of Whey were China ($554M), Netherlands ($460M), Germany ($199M), Indonesia ($152M), and France ($141M).

Tariffs In 2018 the average tariff for Whey was 59.3%, making it the 11th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Whey are Austria (74.2%), Cyprus (74.2%), and Canada (76.9%). The countries with the lowest tariffs are Egypt (0%), Mauritius (0%), South Africa (0%), Hong Kong (0%), and Maldives (0%).

Ranking Whey ranks 1599th in the Product Complexity Index (PCI).

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $490M

Top Destination (2019): China, $554M

Whey are the world's 928th most traded product.

In 2019, the top exporters of Whey were Germany ($490M), United States ($489M), France ($419M), Netherlands ($268M), and Poland ($191M).

In 2019, the top importers of Whey were China ($554M), Netherlands ($460M), Germany ($199M), Indonesia ($152M), and France ($141M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): United Kingdom, $41.6M

Top Destination Growth (2018 - 2019): Netherlands, $35.8M

Between 2018 and 2019, the exports of Whey grew the fastest in United Kingdom ($41.6M), Ireland ($30.2M), Denmark ($29.4M), Germany ($23.8M), and Belarus ($23.4M).

Between 2018 and 2019, the fastest growing importers of Whey were Netherlands ($35.8M), China ($21.5M), Russia ($16.2M), Germany ($15.5M), and South Africa ($12.9M).

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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 Whey.

In 2019,  market concentration measured using Shannon Entropy, was 4.18. This means that most of the exports of Whey are explained by 18 countries.

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TOP NET EXPORTER (2019): United States, $442M

TOP NET IMPORTER (2019): China, $553M

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

In 2019, the countries that had a largest trade value in exports than in imports of Whey were United States ($442M), Germany ($291M), France ($278M), Poland ($152M), and Ireland ($119M).

In 2019, the countries that had a largest trade value in imports than in exports of Whey were China ($553M), Netherlands ($192M), Indonesia ($152M), Malaysia ($88.9M), and Philippines ($80.6M).

Import Tariffs

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In 2018, the average tariff for importing Whey was 59.3%. The countries with the highest tariffs for importing Whey were Austria (74.2%), Cyprus (74.2%), and Canada (76.9%).

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.