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Molasses; resulting from the extraction or refining of sugar

1703 (Harmonized System 1992 for 4-digit)

2022
World Trade $1.46BRnk 857 / 1218
2022
Top Exporter | Top Importer $348M | $180MIndia | United States
2022
Product Complexity -1.66Rnk 977 / 1033
2021 - 2022
Export Growth (CAGR) 18.2%Rnk 222 / 1218
2022
Share of World Trade 0.0062%Rnk 857 / 1218

About

Overview This page contains the latest trade data of Molasses. In 2022, Molasses were the world's 857th most traded product, with a total trade of $1.46B. Between 2021 and 2022 the exports of Molasses grew by 18.2%, from $1.24B to $1.46B. Trade in Molasses represent 0.0062% of total world trade.

Molasses are a part of Sugars & confectioneries. They include Cane molasses and Molasses, except cane molasses.

Exports In 2022 the top exporters of Molasses  were India ($348M), Indonesia ($117M), Russia ($80.8M), Pakistan ($68.2M), and Australia ($66.9M).

Imports In 2022 the top importers of Molasses were United States ($180M), United Kingdom ($135M), Netherlands ($112M), Philippines ($110M), and South Korea ($86M).

Ranking Molasses ranks 977th in the Product Complexity Index (PCI).

Description -

Latest Trends

Latest Data

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The following visualization shows the latest trends on Molasses. 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)India$348M
Top Destination (2022)United States$180M

In 2022 Molasses were the world's 857th most traded product (out of 1,218).

In 2022, the top exporters of Molasses were India ($348M), Indonesia ($117M), Russia ($80.8M), Pakistan ($68.2M), and Australia ($66.9M).

In 2022, the top importers of Molasses were United States ($180M), United Kingdom ($135M), Netherlands ($112M), Philippines ($110M), and South Korea ($86M).

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Exporters of Molasses (2022)
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Importers of Molasses (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)India$90.1M
Top Destination Growth (2021 -  2022)Turkey$45.3M

Between 2021 and 2022, the exports of Molasses grew the fastest in India ($90.1M), Pakistan ($67.8M), Indonesia ($16.4M), Honduras ($16M), and United States ($12.2M).

Between 2021 and 2022, the fastest growing importers of Molasses were Turkey ($45.3M), Philippines ($42.5M), United Kingdom ($40.6M), United States ($26.8M), and Denmark ($23.4M).

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Exporters of Molasses (2021 - 2022)

Importers of Molasses (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 4.7. This means that most of the exports of Molasses are explained by 26 countries.

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Value of Exports in Molasses

Net Trade

TOP NET EXPORTER (2022)India$342M
TOP NET IMPORTER (2022)United States$138M

This map shows which countries export or import more of Molasses. Each country is colored based on the difference in exports and imports of Molasses during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Molasses were India ($342M), Indonesia ($99.2M), Russia ($80.5M), Pakistan ($68.1M), and Australia ($65.2M).

In 2022, the countries that had a largest trade value in imports than in exports of Molasses were United States ($138M), United Kingdom ($118M), Philippines ($110M), South Korea ($85.9M), and Turkey ($77.8M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Molasses, disaggragated by their HS6 level were Cane molasses ($1.02B) and Molasses, except cane molasses ($441M)

HS6 Disaggregation for Molasses (2022)
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Country Comparison

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

Top 10 Exporters Countries of Molasses by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $4.57M
TOP IMPORT POTENTIALNepal+ $121k

Molasses’s highest export potential is United States. With an export gap of $4.57M.  Molasses’s highest import potential is Nepal with an import gap of $121k.

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 (2022)

Country by Relatedness

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

Relative Relatedness by Country (2022)

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