Concentrated Milk in China | The Observatory of Economic Complexity

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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 SUPPLY AG (21), BASS PRO LLC (6), and WISMETTAC ASIAN FOODS,INC. (5) were at the forefront of shipping Concentrated Milk from China to the United States.

Latest Trends

March 2024

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Overview In March 2024 China's Concentrated Milk exports accounted up to $3.8M and imports accounted up to $211M, resulting in a negative trade balance of $207M. Between March 2023 and March 2024 the exports of China's Concentrated Milk have increased by $2.24M (143%) from $1.56M to $3.8M, while imports decreased by $-88.5M (-29.6%) from $299M to $211M.

Destinations In March 2024, Concentrated Milk were exported mostly to Mongolia ($1.73M), Hong Kong ($1.41M), North Korea ($404k), Thailand ($81.6k), and Philippines ($73.7k), and were imported mostly from New Zealand ($151M), Australia ($36.1M), Netherlands ($7.36M), Finland ($4.46M), and Switzerland ($2.79M).

Growth In March 2024, the increase in Concentrated Milk's year-by-year exports was explained primarily by an increase in exports to Hong Kong ($564k or 71.1%), Malaysia ($371k or 4.64M%), and United States ($31.2k or 76.5%). In March 2024, the decrease in Concentrated Milk's year-by-year imports was explained primarily by a decrease in imports from New Zealand ($-752M or -75.9%), Australia ($-13.3M or -26.4%), and Uruguay ($-6.71M or -94.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$2.24M(143%)

IMPORT GROWTH (March 2023 - March 2024)$-88.5M(-29.6%)

MAIN EXPORTER (March 2024)Guangdong Province$3.87M

MAIN DESTINATION (March 2024)Mongolia$1.73M

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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