2023
Exports
$295MWorld Rnk 1 / 139
Flag Rnk 228 / 1212
2023
PRODUCT COMPLEXITY IN Molasses
-1.73Rnk 974 / 1025
2023
Imports
$7.35MWorld Rnk 33 / 187
Flag Rnk 894 / 1208
2023
ECONOMIC COMPLEXITY of India
0.65Rnk 39 / 132

About

Exports In 2023, India exported $295M in Molasses, making it the 1st largest exporter of Molasses in the world. At the same year, Molasses was the 228th most exported product in India. The main destination of Molasses exports from India are: United Kingdom ($61.6M), Philippines ($42.4M), Bangladesh ($31.4M), Italy ($26.4M), and Ireland ($23.5M).

The fastest growing export markets for Molasses of India between 2022 and 2023 were Bangladesh ($25.9M), Ireland ($12.4M), and Italy ($11M).

Imports In 2023, India imported $7.35M in Molasses, becoming the 33rd largest importer of Molasses in the world. At the same year, Molasses was the 894th most imported product in India. India imports Molasses primarily from: United Kingdom ($6.25M), Nepal ($1.09M), United Arab Emirates ($3.55k), Singapore ($2.35k), and Chinese Taipei ($1.99k).

The fastest growing import markets in Molasses for India between 2022 and 2023 were United Kingdom ($1M), Nepal ($429k), and Chinese Taipei ($1.99k).

Latest Trends

Dec 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 (2023)$295M
IMPORTS (2023)$7.35M
NET TRADE (2023)$288M

In 2023, India exported $295M in Molasses. The main destinations of India exports on Molasses were United Kingdom ($61.6M), Philippines ($42.4M), Bangladesh ($31.4M), Italy ($26.4M), and Ireland ($23.5M).

In 2023, India imported $7.35M in Molasses, mainly from United Kingdom ($6.25M), Nepal ($1.09M), United Arab Emirates ($3.55k), Singapore ($2.35k), and Chinese Taipei ($1.99k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Molasses EXPORT MARKETS FOR India WERE (2022 - 2023):
Bangladesh$25.9M (465%)
Ireland$12.4M (112%)
Italy$11M (70.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Molasses BY India WERE (2022 - 2023):
Vietnam-$25.9M (-74.1%)
Philippines-$18.6M (-30.5%)
Spain-$18M (-64.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, India's main exporting competitors in Molasses were:
In 2023, India'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 POTENTIALUnited States+ $4.57M
TOP IMPORT POTENTIALNepal+ $121k

Molasses’s highest export potential is United States. With an export gap of $4.57M.   Molasses’s highest import potential is Nepal with an import gap of $121k.

See methodology.

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