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Milk powder and condensed milk: top exporters and importers (2024)

In 2024, world trade in milk powder and condensed milk totaled $21.4 billion (7.6 million tonnes). The top exporters were New Zealand (29%), the Netherlands (9%) and the United States (8%); the top importers were China (12%), Algeria (6%) and Saudi Arabia (4%). Compared with 2019, the value fell 5%.

Summary

World trade
$21.4billion
Tonnes
7.6million tonnes
Price per tonne
$2,827
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. New Zealand$6.1 billion · 28.7%
    see destinations
  2. Netherlands$2 billion · 9.2%
    re-exports · see destinations
  3. United States$1.8 billion · 8.3%
    see destinations
  4. Germany$1.6 billion · 7.5%
    see destinations
  5. France$1.1 billion · 5.3%
  6. Belgium$969 million · 4.5%
    re-exports
  7. Australia$951 million · 4.5%
  8. Uruguay$605 million · 2.8%
  9. Ireland$518 million · 2.4%
  10. Argentina$507 million · 2.4%
  11. Poland$464 million · 2.2%
  12. Hong Kong$378 million · 1.8%
    re-exports
  13. Saudi Arabia$320 million · 1.5%
  14. Malaysia$263 million · 1.2%
  15. Sweden$245 million · 1.2%
  16. United Kingdom$243 million · 1.1%
  17. Denmark$232 million · 1.1%
  18. Spain$199 million · 0.93%
  19. Belarus$189 million · 0.88%
  20. China$188 million · 0.88%

Top importers

  1. China$2.6 billion · 12.2%
    see sources
  2. Algeria$1.3 billion · 6.2%
  3. Saudi Arabia$876 million · 4.1%
  4. Indonesia$823 million · 3.9%
  5. Netherlands$780 million · 3.7%
    re-exports
  6. Mexico$708 million · 3.3%
  7. United Arab Emirates$672 million · 3.1%
  8. Brazil$646 million · 3%
  9. Germany$624 million · 2.9%
  10. Philippines$606 million · 2.8%
  11. Malaysia$593 million · 2.8%
  12. Belgium$499 million · 2.3%
    re-exports
  13. Hong Kong$495 million · 2.3%
    re-exports
  14. Italy$435 million · 2%
  15. Thailand$430 million · 2%
  16. Vietnam$400 million · 1.9%
  17. Bangladesh$358 million · 1.7%
  18. Singapore$344 million · 1.6%
    re-exports
  19. Poland$338 million · 1.6%
  20. France$330 million · 1.5%

Trend

Who sells it

New Zealand has been the top exporter since 2001

Value in USD billions. The five largest exporters in 2024.

  • New Zealand 6.1
  • Netherlands 2
  • United States 1.8
  • Germany 1.6
  • France 1.1

Source: CEPII BACI

Show the numbers
Country19952024
New Zealand0.856.1
Netherlands1.52
United States0.481.8
Germany1.61.6
France1.11.1

Price

Implied price

The price per tonne rose 29% since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $2,827

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$2,197
1996$2,018
1997$1,930
1998$1,828
1999$1,685
2000$1,735
2001$1,910
2002$1,632
2003$1,784
2004$2,065
2005$2,162
2006$2,098
2007$2,859
2008$3,184
2009$2,268
2010$2,772
2011$3,366
2012$2,994
2013$3,511
2014$3,687
2015$2,559
2016$2,348
2017$2,554
2018$2,478
2019$2,653
2020$2,623
2021$2,893
2022$3,431
2023$2,956
2024$2,827

What it includes

  • 0402 · Powdered and condensed milk

Products in the same chapter

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

See all products