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040590 (Harmonized System 1996 for 6-digit)

2022
World Trade $2.99BRnk 1178 / 4769
2022
Top Exporter | Top Importer $1.2B | $284MNew Zealand | Italy
2022
Product Complexity -0.07Rnk 2701 / 4776
2021 - 2022
Export Growth (CAGR) 33.7%Rnk 350 / 4769
2022
Share of World Trade 0.013%Rnk 1178 / 4769

About

Overview This page contains the latest trade data of Milk-Based Fats & Oils (Excluding Butter & Spreads). In 2022, Milk-Based Fats & Oils (Excluding Butter & Spreads) were the world's 1178th most traded product, with a total trade of $2.99B. Between 2021 and 2022 the exports of Milk-Based Fats & Oils (Excluding Butter & Spreads) grew by 33.7%, from $2.24B to $2.99B. Trade in Milk-Based Fats & Oils (Excluding Butter & Spreads) represent 0.013% 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 2022 the top exporters of Milk-Based Fats & Oils (Excluding Butter & Spreads)  were New Zealand ($1.2B), Netherlands ($522M), Belgium ($189M), Germany ($170M), and France ($143M).

Imports In 2022 the top importers of Milk-Based Fats & Oils (Excluding Butter & Spreads) were Italy ($284M), China ($263M), France ($243M), Belgium ($234M), and Germany ($154M).

Ranking Milk-Based Fats & Oils (Excluding Butter & Spreads) ranks 2701st 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 (2022)New Zealand$1.2B
Top Destination (2022)Italy$284M

In 2022 Milk-Based Fats & Oils (Excluding Butter & Spreads) were the world's 1178th most traded product (out of 4,769).

In 2022, the top exporters of Milk-Based Fats & Oils (Excluding Butter & Spreads) were New Zealand ($1.2B), Netherlands ($522M), Belgium ($189M), Germany ($170M), and France ($143M).

In 2022, the top importers of Milk-Based Fats & Oils (Excluding Butter & Spreads) were Italy ($284M), China ($263M), France ($243M), Belgium ($234M), and Germany ($154M).

Explore Visualizations

Exporters of Milk-Based Fats & Oils (Excluding Butter & Spreads) (2022)
[Click to Select a Country]

Importers of Milk-Based Fats & Oils (Excluding Butter & Spreads) (2022)
[Click to Select a Country]

Market Dynamics

Color
Top Origin Growth (2021 -  2022)New Zealand$339M
Top Destination Growth (2021 -  2022)France$102M

Between 2021 and 2022, the exports of Milk-Based Fats & Oils (Excluding Butter & Spreads) grew the fastest in New Zealand ($339M), Netherlands ($134M), Denmark ($55.4M), Belgium ($39.6M), and India ($35M).

Between 2021 and 2022, the fastest growing importers of Milk-Based Fats & Oils (Excluding Butter & Spreads) were France ($102M), Italy ($90M), China ($83.1M), Denmark ($65.3M), and Mexico ($64.7M).

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Exporters of Milk-Based Fats & Oils (Excluding Butter & Spreads) (2021 - 2022)

Importers of Milk-Based Fats & Oils (Excluding Butter & Spreads) (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 3.16. This means that most of the exports of Milk-Based Fats & Oils (Excluding Butter & Spreads) are explained by 8 countries.

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

Net Trade

TOP NET EXPORTER (2022)New Zealand$1.2B
TOP NET IMPORTER (2022)Italy$272M

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Milk-Based Fats & Oils (Excluding Butter & Spreads) were New Zealand ($1.2B), Netherlands ($393M), India ($118M), Ireland ($80.8M), and Spain ($72.3M).

In 2022, the countries that had a largest trade value in imports than in exports of Milk-Based Fats & Oils (Excluding Butter & Spreads) were Italy ($272M), China ($260M), Mexico ($147M), Philippines ($121M), and France ($99.8M).

Net Trade (2022)

Country Comparison

Flow
Measure
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 (2022)

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