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040510 (Harmonized System 1996 for 6-digit)

2023
World Trade $8.42BRnk 436 / 4766
2023
Top Exporter | Top Importer $1.56B | $1.23BNew Zealand | France
2023
Product Complexity -0.2Rnk 2904 / 4780
2022 - 2023
Export Growth (CAGR) -9.02%Rnk 2668 / 4766
2023
Share of World Trade 0.037%Rnk 436 / 4766

About

Overview This page contains the latest trade data of Butter. In 2023, Butter were the world's 436th most traded product, with a total trade of $8.42B. Between 2022 and 2023 the exports of Butter decreased by -9.02%, from $9.26B to $8.42B. Trade in Butter represent 0.037% of total world trade.

Butter are a part of Butter and other fats and oils derived from milk; dairy spreads.

Exports In 2023 the top exporters of Butter  were New Zealand ($1.56B), Ireland ($1.43B), Netherlands ($1.41B), Germany ($711M), and Belgium ($636M).

Imports In 2023 the top importers of Butter were France ($1.23B), Germany ($772M), Netherlands ($743M), China ($597M), and United States ($507M).

Ranking Butter ranks 2904th in the Product Complexity Index (PCI).

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.

Explore Latest Trends

* 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 (2023)New Zealand$1.56B
Top Destination (2023)France$1.23B

In 2023 Butter were the world's 436th most traded product (out of 4,766).

In 2023, the top exporters of Butter were New Zealand ($1.56B), Ireland ($1.43B), Netherlands ($1.41B), Germany ($711M), and Belgium ($636M).

In 2023, the top importers of Butter were France ($1.23B), Germany ($772M), Netherlands ($743M), China ($597M), and United States ($507M).

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Exporters of Butter (2023)
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Importers of Butter (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Denmark$45.1M
Top Destination Growth (2022 -  2023)United States$62.1M

Between 2022 and 2023, the exports of Butter grew the fastest in Denmark ($45.1M), Portugal ($17.5M), Sweden ($11M), Lithuania ($10.1M), and Uganda ($9.6M).

Between 2022 and 2023, the fastest growing importers of Butter were United States ($62.1M), Japan ($26.6M), Turkey ($23.7M), Saudi Arabia ($21.8M), and Spain ($16.5M).

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Exporters of Butter (2022 - 2023)

Importers of Butter (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.71. 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 (2023)New Zealand$1.56B
TOP NET IMPORTER (2023)France$615M

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Butter were New Zealand ($1.56B), Ireland ($1.4B), Netherlands ($663M), Denmark ($340M), and Poland ($297M).

In 2023, the countries that had a largest trade value in imports than in exports of Butter were France ($615M), China ($588M), United States ($351M), Saudi Arabia ($228M), and Australia ($168M).

Net Trade (2023)

Country Comparison

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Measure
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

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 (2023)

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