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Butter and other fats and oils derived from milk; dairy spreads

0405 (Harmonized System 1992 for 4-digit)

2022
World Trade $12BRnk 330 / 1218
2022
Top Exporter | Top Importer $2.78B | $1.53BNew Zealand | France
2022
Product Complexity -0.11Rnk 590 / 1033
2021 - 2022
Export Growth (CAGR) 24.5%Rnk 128 / 1218
2022
Share of World Trade 0.051%Rnk 330 / 1218

About

Overview This page contains the latest trade data of Butter. In 2022, Butter were the world's 330th most traded product, with a total trade of $12B. Between 2021 and 2022 the exports of Butter grew by 24.5%, from $9.66B to $12B. Trade in Butter represent 0.051% of total world trade.

Butter are a part of Edible products of animal origin, n.e.s.. They include Butter and Other Milk Fats.

Exports In 2022 the top exporters of Butter  were New Zealand ($2.78B), Netherlands ($2.03B), Ireland ($1.46B), Germany ($970M), and Belgium ($943M).

Imports In 2022 the top importers of Butter were France ($1.53B), Netherlands ($1.04B), Germany ($987M), China ($890M), and Belgium ($742M).

Ranking Butter ranks 590th in the Product Complexity Index (PCI).

Description -

Latest Trends

Latest Data

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

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

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)New Zealand$2.78B
Top Destination (2022)France$1.53B

In 2022 Butter were the world's 330th most traded product (out of 1,218).

In 2022, the top exporters of Butter were New Zealand ($2.78B), Netherlands ($2.03B), Ireland ($1.46B), Germany ($970M), and Belgium ($943M).

In 2022, the top importers of Butter were France ($1.53B), Netherlands ($1.04B), Germany ($987M), China ($890M), and Belgium ($742M).

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Exporters of Butter (2022)
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Importers of Butter (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)New Zealand$765M
Top Destination Growth (2021 -  2022)France$512M

Between 2021 and 2022, the exports of Butter grew the fastest in New Zealand ($765M), Netherlands ($460M), Poland ($234M), Belgium ($227M), and Ireland ($220M).

Between 2021 and 2022, the fastest growing importers of Butter were France ($512M), China ($216M), Belgium ($215M), Netherlands ($165M), and Germany ($155M).

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Exporters of Butter (2021 - 2022)

Importers of Butter (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Butter.

In 2022, market concentration measured using Shannon Entropy, was 3.78. This means that most of the exports of Butter are explained by 13 countries.

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Value of Exports in Butter

Net Trade

TOP NET EXPORTER (2022)New Zealand$2.77B
TOP NET IMPORTER (2022)China$880M

This map shows which countries export or import more of Butter. Each country is colored based on the difference in exports and imports of Butter during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Butter were New Zealand ($2.77B), Ireland ($1.41B), Netherlands ($991M), Denmark ($290M), and Poland ($288M).

In 2022, the countries that had a largest trade value in imports than in exports of Butter were China ($880M), France ($780M), Italy ($400M), Saudi Arabia ($273M), and United States ($264M).

Net Trade (2022)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Butter.
It is possible to select the main countries that export or import Butter in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Butter by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $13.8M
TOP IMPORT POTENTIALBelgium+ $163k

Butter’s highest export potential is United States. With an export gap of $13.8M.  Butter’s highest import potential is Belgium with an import gap of $163k.

See methodology.

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Product Complexity

Diversification Frontier

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.

Relatedness vs Country Complexity (2022)

Related Products

This visualization shows products that are likely to be exported by countries that export Butter.

Country by Relatedness

The following visualization shows the relatedness of Butter to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2022)

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