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Molasses; resulting from the extraction or refining of sugar

1703 (Harmonized System 1992 for 4-digit)

2023
World Trade $1.62BRnk 812 / 1217
2023
Top Exporter | Top Importer $295M | $263MIndia | United States
2023
Product Complexity -1.75Rnk 993 / 1044
2022 - 2023
Export Growth (CAGR) 2.24%Rnk 330 / 1217
2023
Share of World Trade 0.0072%Rnk 812 / 1217

About

Overview This page contains the latest trade data of Molasses. In 2023, Molasses were the world's 812th most traded product, with a total trade of $1.62B. Between 2022 and 2023 the exports of Molasses grew by 2.24%, from $1.59B to $1.62B. Trade in Molasses represent 0.0072% of total world trade.

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

Exports In 2023 the top exporters of Molasses  were India ($295M), Indonesia ($168M), Poland ($85.5M), Russia ($82.8M), and Egypt ($82M).

Imports In 2023 the top importers of Molasses were United States ($263M), Philippines ($161M), United Kingdom ($161M), Italy ($78.9M), and South Korea ($68.4M).

Ranking Molasses ranks 993rd in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Y-AXIS SCALE

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 (2023)India$295M
Top Destination (2023)United States$263M

In 2023 Molasses were the world's 812th most traded product (out of 1,217).

In 2023, the top exporters of Molasses were India ($295M), Indonesia ($168M), Poland ($85.5M), Russia ($82.8M), and Egypt ($82M).

In 2023, the top importers of Molasses were United States ($263M), Philippines ($161M), United Kingdom ($161M), Italy ($78.9M), and South Korea ($68.4M).

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

Color
Top Origin Growth (2022 -  2023)Poland$36M
Top Destination Growth (2022 -  2023)United States$59.3M

Between 2022 and 2023, the exports of Molasses grew the fastest in Poland ($36M), Indonesia ($32.2M), Guatemala ($22.5M), Brazil ($16.8M), and British Virgin Islands ($15.5M).

Between 2022 and 2023, the fastest growing importers of Molasses were United States ($59.3M), Philippines ($26.1M), Bangladesh ($26M), Guyana ($20.3M), and Italy ($17.3M).

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Exporters of Molasses (2022 - 2023)

Importers of Molasses (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 4.82. This means that most of the exports of Molasses are explained by 28 countries.

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Value of Exports in Molasses

Net Trade

TOP NET EXPORTER (2023)India$288M
TOP NET IMPORTER (2023)United States$206M

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Molasses were India ($288M), Indonesia ($151M), Russia ($82.7M), Poland ($81.1M), and Guatemala ($75.8M).

In 2023, the countries that had a largest trade value in imports than in exports of Molasses were United States ($206M), Philippines ($161M), United Kingdom ($136M), Italy ($76.3M), and South Korea ($68.4M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Molasses, disaggragated by their HS6 level were Cane molasses ($1.05B) and Molasses, except cane molasses ($570M)

HS6 Disaggregation for Molasses (2023)
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Country Comparison

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Ranking

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 (2023)

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 (2023)

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