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Butter and other fats and oils derived from milk

040500 (Harmonized System 1992 for 6-digit)

2022
World Trade $12BRnk 321 / 4648
2022
Top Exporter | Top Importer $2.78B | $1.53BNew Zealand | France
2022
Product Complexity -0.084Rnk 2646 / 4653
2021 - 2022
Export Growth (CAGR) 24.5%Rnk 590 / 4648
2022
Share of World Trade 0.051%Rnk 321 / 4648

About

Overview This page contains the latest trade data of Butter and Other Milk Fats. In 2022, Butter and Other Milk Fats were the world's 321st most traded product, with a total trade of $12B. Between 2021 and 2022 the exports of Butter and Other Milk Fats grew by 24.5%, from $9.66B to $12B. Trade in Butter and Other Milk Fats represent 0.051% of total world trade.

Butter and Other Milk Fats are a part of Butter.

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

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

Ranking Butter and Other Milk Fats ranks 2646th in the Product Complexity Index (PCI).

Description -

Latest Trends

Latest Data

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The following visualization shows the latest trends on Butter and Other Milk Fats. 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 and Other Milk Fats were the world's 321st most traded product (out of 4,648).

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

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

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Exporters of Butter and Other Milk Fats (2022)
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Importers of Butter and Other Milk Fats (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 and Other Milk Fats 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 and Other Milk Fats were France ($512M), China ($216M), Belgium ($215M), Netherlands ($165M), and Germany ($155M).

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Exporters of Butter and Other Milk Fats (2021 - 2022)

Importers of Butter and Other Milk Fats (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Butter and Other Milk Fats.

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

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Value of Exports in Butter and Other Milk Fats

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 and Other Milk Fats. Each country is colored based on the difference in exports and imports of Butter and Other Milk Fats during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Butter and Other Milk Fats 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 and Other Milk Fats 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 and Other Milk Fats.
It is possible to select the main countries that export or import Butter and Other Milk Fats in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Butter and Other Milk Fats 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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