2022
Exports
$1.33BWorld Rnk 6 / 166
Flag Rnk 25 / 1208
2022
PRODUCT COMPLEXITY IN Concentrated Milk
-0.77Rnk 774 / 1025
2022
Imports
$272MWorld Rnk 27 / 224
Flag Rnk 186 / 1206
2022
ECONOMIC COMPLEXITY of Australia
-0.24Rnk 78 / 133

About

Exports In 2022, Australia exported $1.33B in Concentrated Milk, making it the 6th largest exporter of Concentrated Milk in the world. At the same year, Concentrated Milk was the 25th most exported product in Australia. The main destination of Concentrated Milk exports from Australia are: China ($525M), Kuwait ($173M), Indonesia ($170M), United Arab Emirates ($124M), and Thailand ($59.6M).

The fastest growing export markets for Concentrated Milk of Australia between 2021 and 2022 were Kuwait ($146M), United Arab Emirates ($93.9M), and Indonesia ($67.2M).

Imports In 2022, Australia imported $272M in Concentrated Milk, becoming the 27th largest importer of Concentrated Milk in the world. At the same year, Concentrated Milk was the 186th most imported product in Australia. Australia imports Concentrated Milk primarily from: New Zealand ($192M), Germany ($18.4M), Spain ($10.5M), Netherlands ($9.7M), and Austria ($8.23M).

The fastest growing import markets in Concentrated Milk for Australia between 2021 and 2022 were New Zealand ($28.2M), United Arab Emirates ($6.78M), and United States ($5.84M).

Latest Trends

Mar 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Concentrated Milk. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.33B
IMPORTS (2022)$272M
NET TRADE (2022)$1.06B

In 2022, Australia exported $1.33B in Concentrated Milk. The main destinations of Australia exports on Concentrated Milk were China ($525M), Kuwait ($173M), Indonesia ($170M), United Arab Emirates ($124M), and Thailand ($59.6M).

In 2022, Australia imported $272M in Concentrated Milk, mainly from New Zealand ($192M), Germany ($18.4M), Spain ($10.5M), Netherlands ($9.7M), and Austria ($8.23M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Concentrated Milk EXPORT MARKETS FOR Australia WERE (2021 - 2022):
Kuwait$146M (556%)
Indonesia$67.2M (65.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Concentrated Milk BY Australia WERE (2021 - 2022):
Hong Kong-$17.4M (-67.5%)
Bangladesh-$15.4M (-91.2%)
Chinese Taipei-$9.82M (-23%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Australia's main exporting competitors in Concentrated Milk were:
In 2022, Australia's main importing competitors in Concentrated Milk were:
China $3.96B
Algeria $1.62B
Mexico $1.37B

Explore Visualizations

Trade Value of Concentrated Milk by Exporters

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