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Honey; natural

0409 (Harmonized System 1992 for 4-digit)

2023
World Trade $2.18BRnk 748 / 1217
2023
Top Exporter | Top Importer $267M | $565MNew Zealand | United States
2023
Product Complexity -0.97Rnk 847 / 1044
2022 - 2023
Export Growth (CAGR) -19.4%Rnk 1025 / 1217
2023
Share of World Trade 0.0097%Rnk 748 / 1217

About

Overview This page contains the latest trade data of Honey. In 2023, Honey were the world's 748th most traded product, with a total trade of $2.18B. Between 2022 and 2023 the exports of Honey decreased by -19.4%, from $2.71B to $2.18B. Trade in Honey represent 0.0097% of total world trade.

Honey are a part of Edible products of animal origin, n.e.s.. They include Natural Honey.

Exports In 2023 the top exporters of Honey  were New Zealand ($267M), China ($232M), Argentina ($196M), India ($190M), and Germany ($125M).

Imports In 2023 the top importers of Honey were United States ($565M), Germany ($223M), Japan ($139M), France ($115M), and United Kingdom ($108M).

Ranking Honey ranks 847th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Honey. 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$267M
Top Destination (2023)United States$565M

In 2023 Honey were the world's 748th most traded product (out of 1,217).

In 2023, the top exporters of Honey were New Zealand ($267M), China ($232M), Argentina ($196M), India ($190M), and Germany ($125M).

In 2023, the top importers of Honey were United States ($565M), Germany ($223M), Japan ($139M), France ($115M), and United Kingdom ($108M).

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

Color
Top Origin Growth (2022 -  2023)Austria$2.48M
Top Destination Growth (2022 -  2023)Belgium$15.6M

Between 2022 and 2023, the exports of Honey grew the fastest in Austria ($2.48M), Cambodia ($2.22M), Malaysia ($1.87M), Singapore ($1.48M), and Nicaragua ($1.06M).

Between 2022 and 2023, the fastest growing importers of Honey were Belgium ($15.6M), South Africa ($2.79M), Israel ($1.37M), Brunei ($1.05M), and Lebanon ($832k).

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Exporters of Honey (2022 - 2023)

Importers of Honey (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 4.74. This means that most of the exports of Honey are explained by 26 countries.

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Value of Exports in Honey

Net Trade

TOP NET EXPORTER (2023)New Zealand$267M
TOP NET IMPORTER (2023)United States$550M

This map shows which countries export or import more of Honey. Each country is colored based on the difference in exports and imports of Honey during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Honey were New Zealand ($267M), Argentina ($196M), India ($188M), China ($173M), and Ukraine ($121M).

In 2023, the countries that had a largest trade value in imports than in exports of Honey were United States ($550M), Japan ($138M), Germany ($97.9M), United Kingdom ($96.2M), and France ($84.4M).

Net Trade (2023)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Honey by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALSaudi Arabia+ $2.55M
TOP IMPORT POTENTIALSpain+ $264k

Honey’s highest export potential is Saudi Arabia. With an export gap of $2.55M.  Honey’s highest import potential is Spain with an import gap of $264k.

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 (2023)

Related Products

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

Country by Relatedness

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

Relative Relatedness by Country (2023)

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