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2022
Exports $39.5MWorld Rnk 47 / 166
Flag Rnk 984 / 1216
2022
Destination $5.2M Hong Kong
2021 - 2022
FASTEST GROWING MARKET $5.2MUnited Arab Emirates
2022
PRODUCT COMPLEXITY IN Concentrated Milk-0.77Rnk 774 / 1025
2022
Imports $3.96BWorld Rnk 1 / 224
Flag Rnk 89 / 1212
2022
Origin $38.5M New Zealand
2021 - 2022
FASTEST GROWING ORIGIN $38.5MUnited States
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $39.5M in Concentrated Milk, making it the 47th largest exporter of Concentrated Milk in the world. At the same year, Concentrated Milk was the 984th most exported product in China. The main destination of Concentrated Milk exports from China are: Hong Kong ($12.6M), United Arab Emirates ($6.76M), Mongolia ($4.68M), North Korea ($3.05M), and Niger ($2.27M).

The fastest growing export markets for Concentrated Milk of China between 2021 and 2022 were United Arab Emirates ($5.2M), Mongolia ($4.68M), and Hong Kong ($1.88M).

Imports In 2022, China imported $3.96B in Concentrated Milk, becoming the 1st largest importer of Concentrated Milk in the world. At the same year, Concentrated Milk was the 89th most imported product in China. China imports Concentrated Milk primarily from: New Zealand ($2.23B), Australia ($525M), Hong Kong ($293M), United States ($198M), and Finland ($109M).

The fastest growing import markets in Concentrated Milk for China between 2021 and 2022 were United States ($38.5M), Australia ($26.8M), and Finland ($24.3M).

COMPANIES In 2023, leading companies such as IKEA Group (21), Bass Pro Shops (6), and Wismettac Asian Foods (5) were at the forefront of shipping Concentrated Milk from China to the United States.

Latest Trends

September 2024

About

Overview In September 2024 China's Concentrated Milk exports accounted up to $5.62M and imports accounted up to $85.8M, resulting in a negative trade balance of $80.1M. Between September 2023 and September 2024 the exports of China's   Concentrated Milk have decreased by $-5.53M (-49.6%) from $11.2M to $5.62M, while imports decreased by $-69.8M (-44.9%) from $156M to $85.8M.

Destinations In September 2024, Concentrated Milk were exported mostly to Hong Kong ($2.34M), Singapore ($1.39M), Nigeria ($458k), Philippines ($335k), and Thailand ($322k), and were imported mostly from New Zealand ($47M), Australia ($16M), Netherlands ($10.2M), Finland ($2.23M), and Belarus ($2.09M).

Growth In September 2024, the decrease in Concentrated Milk's year-by-year exports was explained primarily by a decrease in exports to . In September 2024, the decrease in Concentrated Milk's year-by-year imports was explained primarily by a decrease in imports from New Zealand ($-752M or -75.9%), Australia ($-13.3M or -26.4%), and Uruguay ($-6.71M or -94.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-5.53M(-49.6%)
IMPORT GROWTH (September 2023 - September 2024)$-69.8M(-44.9%)
MAIN EXPORTER (September 2024)Tianjin$7.88M
MAIN DESTINATION (September 2024)Hong Kong$2.34M

This section shows Concentrated Milk's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Concentrated Milk over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$39.5M
IMPORTS (2022)$3.96B
NET TRADE (2022)-$3.92B

In 2022, China exported $39.5M in Concentrated Milk. The main destinations of China exports on Concentrated Milk were Hong Kong ($12.6M), United Arab Emirates ($6.76M), Mongolia ($4.68M), North Korea ($3.05M), and Niger ($2.27M).

In 2022, China imported $3.96B in Concentrated Milk, mainly from New Zealand ($2.23B), Australia ($525M), Hong Kong ($293M), United States ($198M), and Finland ($109M).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Concentrated Milk EXPORT MARKETS FOR China WERE (2021 - 2022):
United Arab Emirates$5.2M (334%)
Mongolia$4.68M (1%)
Hong Kong$1.88M (17.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Concentrated Milk BY China WERE (2021 - 2022):
North Korea-$1.56M (-33.8%)
Mauritania-$639k (-100%)
Republic of the Congo-$625k (-100%)
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Change in Exports by Market (undefined - undefined)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Concentrated Milk were:
New Zealand $6.99B
United States $3.25B
Netherlands $2.11B
In 2022, China's main importing competitors in Concentrated Milk were:
Algeria $1.62B
Mexico $1.37B

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Trade Value of Concentrated Milk by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Arab Emirates+ $2.83M
TOP IMPORT POTENTIALUnited States+ $103M

Concentrated Milk’s highest export potential is United Arab Emirates. With an export gap of $2.83M.   Concentrated Milk’s highest import potential is United States with an import gap of $103M.

See methodology.

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