2023
Exports
$44.5MWorld Rnk 11 / 139
Flag Rnk 261 / 1208
2023
PRODUCT COMPLEXITY IN Molasses
-1.73Rnk 974 / 1025
2023
Imports
$1.69MWorld Rnk 55 / 187
Flag Rnk 1013 / 1207
2023
ECONOMIC COMPLEXITY of Australia
-0.28Rnk 75 / 132

About

Exports In 2023, Australia exported $44.5M in Molasses, making it the 11th largest exporter of Molasses in the world. At the same year, Molasses was the 261st most exported product in Australia. The main destination of Molasses exports from Australia are: South Korea ($26.3M), United States ($17.3M), New Zealand ($555k), Switzerland ($67.2k), and Austria ($54.3k).

The fastest growing export markets for Molasses of Australia between 2022 and 2023 were United States ($8.53M), South Korea ($4.07M), and Mexico ($31.7k).

Imports In 2023, Australia imported $1.69M in Molasses, becoming the 55th largest importer of Molasses in the world. At the same year, Molasses was the 1013th most imported product in Australia. Australia imports Molasses primarily from: Vietnam ($543k), India ($352k), Lebanon ($194k), Sri Lanka ($99.7k), and Turkey ($83.5k).

The fastest growing import markets in Molasses for Australia between 2022 and 2023 were India ($135k), Latvia ($33.9k), and Malaysia ($31.5k).

Latest Trends

Jan 2025

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 Molasses. 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 (2023)$44.5M
IMPORTS (2023)$1.69M
NET TRADE (2023)$42.8M

In 2023, Australia exported $44.5M in Molasses. The main destinations of Australia exports on Molasses were South Korea ($26.3M), United States ($17.3M), New Zealand ($555k), Switzerland ($67.2k), and Austria ($54.3k).

In 2023, Australia imported $1.69M in Molasses, mainly from Vietnam ($543k), India ($352k), Lebanon ($194k), Sri Lanka ($99.7k), and Turkey ($83.5k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Molasses EXPORT MARKETS FOR Australia WERE (2022 - 2023):
United States$8.53M (97.2%)
South Korea$4.07M (18.3%)
Mexico$31.7k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Molasses BY Australia WERE (2022 - 2023):
Thailand-$2.14M (-99.3%)
New Zealand-$277k (-33.3%)
French Polynesia-$15.5k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Australia's main exporting competitors in Molasses were:
In 2023, Australia's main importing competitors in Molasses were:

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Trade Value of Molasses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMalaysia+ $65.6k
TOP IMPORT POTENTIALIndia+ $264k

Molasses’s highest export potential is Malaysia. With an export gap of $65.6k.   Molasses’s highest import potential is India with an import gap of $264k.

See methodology.

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