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040510 (Harmonized System 1996 for 6-digit)

2022
World Trade $9.06BRnk 444 / 4769
2022
Top Exporter | Top Importer $1.6B | $1.29BNew Zealand | France
2022
Product Complexity -0.3Rnk 3040 / 4776
2021 - 2022
Export Growth (CAGR) 17.3%Rnk 986 / 4769
2022
Share of World Trade 0.038%Rnk 444 / 4769

About

Overview This page contains the latest trade data of Butter. In 2022, Butter were the world's 444th most traded product, with a total trade of $9.06B. Between 2021 and 2022 the exports of Butter grew by 17.3%, from $7.73B to $9.06B. Trade in Butter represent 0.038% of total world trade.

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

Exports In 2022 the top exporters of Butter  were New Zealand ($1.6B), Netherlands ($1.53B), Ireland ($1.35B), Germany ($786M), and Belgium ($743M).

Imports In 2022 the top importers of Butter were France ($1.29B), Netherlands ($909M), Germany ($838M), China ($627M), and Belgium ($507M).

Ranking Butter ranks 3040th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Y-AXIS SCALE

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 (2022)New Zealand$1.6B
Top Destination (2022)France$1.29B

In 2022 Butter were the world's 444th most traded product (out of 4,769).

In 2022, the top exporters of Butter were New Zealand ($1.6B), Netherlands ($1.53B), Ireland ($1.35B), Germany ($786M), and Belgium ($743M).

In 2022, the top importers of Butter were France ($1.29B), Netherlands ($909M), Germany ($838M), China ($627M), and Belgium ($507M).

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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$435M
Top Destination Growth (2021 -  2022)France$403M

Between 2021 and 2022, the exports of Butter grew the fastest in New Zealand ($435M), Netherlands ($334M), Poland ($234M), Belgium ($173M), and Germany ($149M).

Between 2021 and 2022, the fastest growing importers of Butter were France ($403M), China ($133M), Belgium ($114M), Netherlands ($101M), and United States ($89.1M).

Explore Visualizations

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 3.84. This means that most of the exports of Butter are explained by 14 countries.

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Value of Exports in Butter

Net Trade

TOP NET EXPORTER (2022)New Zealand$1.59B
TOP NET IMPORTER (2022)France$677M

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 ($1.59B), Ireland ($1.33B), Netherlands ($623M), Poland ($340M), and Denmark ($290M).

In 2022, the countries that had a largest trade value in imports than in exports of Butter were France ($677M), China ($621M), United Kingdom ($242M), United States ($213M), and Saudi Arabia ($185M).

Net Trade (2022)

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 (2022)

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