2022
Exports
$66.9MWorld Rnk 5 / 136
Flag Rnk 212 / 1208
2022
PRODUCT COMPLEXITY IN Molasses
-1.56Rnk 955 / 1025
2022
Imports
$1.71MWorld Rnk 55 / 193
Flag Rnk 1040 / 1206
2022
ECONOMIC COMPLEXITY of Australia
-0.24Rnk 78 / 133

About

Exports In 2022, Australia exported $66.9M in Molasses, making it the 5th largest exporter of Molasses in the world. At the same year, Molasses was the 212th most exported product in Australia. The main destination of Molasses exports from Australia are: New Zealand ($32.4M), South Korea ($24.2M), United States ($7.45M), Thailand ($2.52M), and Malaysia ($93k).

The fastest growing export markets for Molasses of Australia between 2021 and 2022 were New Zealand ($8.18M), South Korea ($3.02M), and United States ($1.31M).

Imports In 2018, Australia imported $1.71M in Molasses, becoming the 55th largest importer of Molasses in the world. At the same year, Molasses was the 1040th most imported product in Australia. Australia imports Molasses primarily from: Vietnam ($538k), Chinese Taipei ($244k), India ($232k), United States ($134k), and Sri Lanka ($113k).

The fastest growing import markets in Molasses for Australia between 2021 and 2022 were United States ($100k), Vietnam ($86.1k), and Chinese Taipei ($73.1k).

COMPANIES In 2023, leading companies such as CNH Industrial (2) were at the forefront of shipping Molasses from Australia to the United States.

Latest Trends

Sep 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 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 (2022)$66.9M
IMPORTS (2022)$1.71M
NET TRADE (2022)$65.2M

In 2022, Australia exported $66.9M in Molasses. The main destinations of Australia exports on Molasses were New Zealand ($32.4M), South Korea ($24.2M), United States ($7.45M), Thailand ($2.52M), and Malaysia ($93k).

In 2022, Australia imported $1.71M in Molasses, mainly from Vietnam ($538k), Chinese Taipei ($244k), India ($232k), United States ($134k), and Sri Lanka ($113k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Molasses EXPORT MARKETS FOR Australia WERE (2021 - 2022):
New Zealand$8.18M (33.7%)
South Korea$3.02M (14.3%)
United States$1.31M (21.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Molasses BY Australia WERE (2021 - 2022):
Thailand-$6.09M (-70.7%)
New Caledonia-$21.8k (-65.6%)
Vanuatu-$20.8k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Australia's main exporting competitors in Molasses were:
In 2022, 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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