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Whey and products consisting of natural milk constituents; whether or not containing added sugar or other sweetening matter, not elsewhere specified or included

0404 (Harmonized System 1992 for 4-digit)

2022
World Trade $6.28BRnk 504 / 1218
2022
Top Exporter | Top Importer $1.06B | $1.01BUnited States | China
2022
Product Complexity 0.34Rnk 445 / 1033
2021 - 2022
Export Growth (CAGR) 10.3%Rnk 398 / 1218
2022
Share of World Trade 0.027%Rnk 504 / 1218

About

Overview This page contains the latest trade data of Whey and other milk products. In 2022, Whey and other milk products were the world's 504th most traded product, with a total trade of $6.28B. Between 2021 and 2022 the exports of Whey and other milk products grew by 10.3%, from $5.69B to $6.28B. Trade in Whey and other milk products represent 0.027% of total world trade.

Whey and other milk products are a part of Edible products of animal origin, n.e.s.. They include Whey and Other Natural Milk Products.

Exports In 2022 the top exporters of Whey and other milk products  were United States ($1.06B), Germany ($786M), Netherlands ($654M), France ($642M), and New Zealand ($585M).

Imports In 2022 the top importers of Whey and other milk products were China ($1.01B), Netherlands ($656M), Germany ($366M), United States ($351M), and South Korea ($261M).

Ranking Whey and other milk products ranks 445th in the Product Complexity Index (PCI).

Description -

Latest Trends

Latest Data

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The following visualization shows the latest trends on Whey and other milk products. 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)United States$1.06B
Top Destination (2022)China$1.01B

In 2022 Whey and other milk products were the world's 504th most traded product (out of 1,218).

In 2022, the top exporters of Whey and other milk products were United States ($1.06B), Germany ($786M), Netherlands ($654M), France ($642M), and New Zealand ($585M).

In 2022, the top importers of Whey and other milk products were China ($1.01B), Netherlands ($656M), Germany ($366M), United States ($351M), and South Korea ($261M).

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Exporters of Whey and other milk products (2022)
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Importers of Whey and other milk products (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)United States$216M
Top Destination Growth (2021 -  2022)South Korea$54M

Between 2021 and 2022, the exports of Whey and other milk products grew the fastest in United States ($216M), Netherlands ($95.2M), Germany ($78.9M), New Zealand ($39.3M), and Canada ($35.9M).

Between 2021 and 2022, the fastest growing importers of Whey and other milk products were South Korea ($54M), China ($51.9M), Germany ($46.5M), Mexico ($45.6M), and United States ($42.5M).

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Exporters of Whey and other milk products (2021 - 2022)

Importers of Whey and other milk products (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Whey and other milk products.

In 2022, market concentration measured using Shannon Entropy, was 4.23. This means that most of the exports of Whey and other milk products are explained by 18 countries.

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Value of Exports in Whey and other milk products

Net Trade

TOP NET EXPORTER (2022)United States$706M
TOP NET IMPORTER (2022)China$1B

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

In 2022, the countries that had a largest trade value in exports than in imports of Whey and other milk products were United States ($706M), New Zealand ($536M), Germany ($419M), France ($388M), and Ireland ($186M).

In 2022, the countries that had a largest trade value in imports than in exports of Whey and other milk products were China ($1B), South Korea ($240M), Indonesia ($226M), Japan ($214M), and Mexico ($168M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Whey and other milk products, disaggragated by their HS6 level were Whey ($4.39B) and Other Natural Milk Products ($1.89B)

HS6 Disaggregation for Whey and other milk products (2022)
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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 Whey and other milk products.
It is possible to select the main countries that export or import Whey and other milk products in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Whey and other milk products by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALCanada+ $10.7M
TOP IMPORT POTENTIALCanada+ $14.7M

Whey and other milk products’s highest export potential is Canada. With an export gap of $10.7M.  Whey and other milk products’s highest import potential is Canada with an import gap of $14.7M.

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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)

Related Products

This visualization shows products that are likely to be exported by countries that export Whey and other milk products.

Country by Relatedness

The following visualization shows the relatedness of Whey and other milk products 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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