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040590 (Harmonized System 1996 for 6-digit)

2023
World Trade $2.48BRnk 1266 / 4766
2023
Top Exporter | Top Importer $983M | $215MNew Zealand | Italy
2023
Product Complexity -0.4Rnk 3181 / 4780
2022 - 2023
Export Growth (CAGR) -15.6%Rnk 3393 / 4766
2023
Share of World Trade 0.011%Rnk 1266 / 4766

About

Overview This page contains the latest trade data of Milk-Based Fats & Oils (Excluding Butter & Spreads). In 2023, Milk-Based Fats & Oils (Excluding Butter & Spreads) were the world's 1266th most traded product, with a total trade of $2.48B. Between 2022 and 2023 the exports of Milk-Based Fats & Oils (Excluding Butter & Spreads) decreased by -15.6%, from $2.94B to $2.48B. Trade in Milk-Based Fats & Oils (Excluding Butter & Spreads) represent 0.011% of total world trade.

Milk-Based Fats & Oils (Excluding Butter & Spreads) are a part of Butter and other fats and oils derived from milk; dairy spreads.

Exports In 2023 the top exporters of Milk-Based Fats & Oils (Excluding Butter & Spreads)  were New Zealand ($983M), Netherlands ($430M), Belgium ($200M), Germany ($153M), and France ($134M).

Imports In 2023 the top importers of Milk-Based Fats & Oils (Excluding Butter & Spreads) were Italy ($215M), Belgium ($202M), France ($200M), China ($196M), and Germany ($133M).

Ranking Milk-Based Fats & Oils (Excluding Butter & Spreads) ranks 3181st in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Milk-Based Fats & Oils (Excluding Butter & Spreads). 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 (2023)New Zealand$983M
Top Destination (2023)Italy$215M

In 2023 Milk-Based Fats & Oils (Excluding Butter & Spreads) were the world's 1266th most traded product (out of 4,766).

In 2023, the top exporters of Milk-Based Fats & Oils (Excluding Butter & Spreads) were New Zealand ($983M), Netherlands ($430M), Belgium ($200M), Germany ($153M), and France ($134M).

In 2023, the top importers of Milk-Based Fats & Oils (Excluding Butter & Spreads) were Italy ($215M), Belgium ($202M), France ($200M), China ($196M), and Germany ($133M).

Explore Visualizations

Exporters of Milk-Based Fats & Oils (Excluding Butter & Spreads) (2023)
[Click to Select a Country]

Importers of Milk-Based Fats & Oils (Excluding Butter & Spreads) (2023)
[Click to Select a Country]

Market Dynamics

Color
Top Origin Growth (2022 -  2023)Mexico$30M
Top Destination Growth (2022 -  2023)Saudi Arabia$56.8M

Between 2022 and 2023, the exports of Milk-Based Fats & Oils (Excluding Butter & Spreads) grew the fastest in Mexico ($30M), France ($4.5M), Egypt ($4.49M), Cyprus ($4.39M), and United Arab Emirates ($3.97M).

Between 2022 and 2023, the fastest growing importers of Milk-Based Fats & Oils (Excluding Butter & Spreads) were Saudi Arabia ($56.8M), Netherlands ($24M), United States ($23.1M), United Arab Emirates ($8.53M), and Mexico ($7.22M).

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Exporters of Milk-Based Fats & Oils (Excluding Butter & Spreads) (2022 - 2023)

Importers of Milk-Based Fats & Oils (Excluding Butter & Spreads) (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Milk-Based Fats & Oils (Excluding Butter & Spreads).

In 2023, market concentration measured using Shannon Entropy, was 3.18. This means that most of the exports of Milk-Based Fats & Oils (Excluding Butter & Spreads) are explained by 9 countries.

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Value of Exports in Milk-Based Fats & Oils (Excluding Butter & Spreads)

Net Trade

TOP NET EXPORTER (2023)New Zealand$981M
TOP NET IMPORTER (2023)Italy$208M

This map shows which countries export or import more of Milk-Based Fats & Oils (Excluding Butter & Spreads). Each country is colored based on the difference in exports and imports of Milk-Based Fats & Oils (Excluding Butter & Spreads) during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Milk-Based Fats & Oils (Excluding Butter & Spreads) were New Zealand ($981M), Netherlands ($326M), India ($85.9M), Ireland ($82.6M), and United Kingdom ($66.4M).

In 2023, the countries that had a largest trade value in imports than in exports of Milk-Based Fats & Oils (Excluding Butter & Spreads) were Italy ($208M), China ($193M), Saudi Arabia ($130M), Philippines ($106M), and United States ($85.9M).

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 Milk-Based Fats & Oils (Excluding Butter & Spreads).
It is possible to select the main countries that export or import Milk-Based Fats & Oils (Excluding Butter & Spreads) in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Milk-Based Fats & Oils (Excluding Butter & Spreads) 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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