Condensed milk trade by country: top importers, exporters and prices
World trade in condensed milk was worth $21.75 billion in 2024, about 7.54 million tonnes. That is an increase of 16% since 2017, and down 10% on 2023.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
World trade by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $21.75B | 7.54M t |
| 2023 | $24.05B | 8.01M t |
| 2022 | $28.13B | 8.12M t |
| 2021 | $25.15B | 8.38M t |
| 2020 | $21.91B | 8.35M t |
| 2019 | $22.14B | 8.37M t |
| 2018 | $19.86B | 8.00M t |
| 2017 | $18.67B | 7.18M t |
Top condensed milk exporting countries
Exports are led by New Zealand (28%), the United States (10%) and the Netherlands (9%). 164 countries reported exports, and the top three account for 47%.
| Exporter | Value | Share |
|---|---|---|
| New Zealand | $6.17B | 28% |
| United States | $2.07B | 9.5% |
| Netherlands | $1.96B | 9% |
| Germany | $1.60B | 7.4% |
| France | $1.12B | 5.2% |
| Belgium | $986.2M | 4.5% |
| Australia | $976.1M | 4.5% |
| Uruguay | $606.7M | 2.8% |
| Ireland | $531.7M | 2.4% |
| Argentina | $496.5M | 2.3% |
| Poland | $468.1M | 2.2% |
| Hong Kong | $378.0M | 1.7% |
Top importing countries and buyer markets
China is the biggest buyer with 12% of world imports, ahead of Algeria and Mexico. Demand is spread widely: the top three take 23% across 222 importing countries.
| Importer | Value | Share |
|---|---|---|
| China | $2.65B | 12% |
| Algeria | $1.33B | 6.1% |
| Mexico | $1.00B | 4.6% |
| Saudi Arabia | $910.0M | 4.2% |
| Netherlands | $848.4M | 3.9% |
| Indonesia | $824.7M | 3.8% |
| United Arab Emirates | $672.1M | 3.1% |
| Brazil | $640.2M | 2.9% |
| Germany | $630.6M | 2.9% |
| Malaysia | $595.1M | 2.7% |
| Philippines | $583.5M | 2.7% |
| Belgium | $459.4M | 2.1% |
Average price per kg
The world average declared value was about $2.88 per kg in 2024. Among the main exporters, Australia averaged $3.63 per kg and Germany $2.24 per kg, so grade and origin matter.
Declared value divided by weight, all 2024 shipments worldwide. Prices per shipment and per company are in EximDataX.
Who is behind these numbers in this market?
Public statistics stop at country totals and the last published year. EximDataX shows the shipment records underneath: the companies, dates, quantities and declared values, updated weekly.
Shipment records are in the platform
Tell us what you trade and we will show you the latest records on a live call.
Source: CEPII BACI (reconciled UN Comtrade data), HS 2017 edition, release 202601, Etalab Open Licence 2.0. Annual values in US dollars at the customs border; quantities in tonnes where reported. HS 0402: Milk and cream; concentrated or containing added sugar or other sweetening matter. HS 0402 codes.
Common questions
Which countries export the most condensed milk?
New Zealand exported $6.17 billion in 2024, 28% of the world total, followed by the United States (10%) and the Netherlands (9%). In all, 164 countries reported exports of this product. The full ranking and map are on this page.
Which countries import the most condensed milk?
China imported $2.65 billion in 2024, 12% of world imports, ahead of Algeria (6%) and Mexico (5%). The top three importers together take 23%. Each country with its own page is linked from the table.
How big is the world trade in condensed milk?
It was worth $21.75 billion in 2024, about 7.54 million tonnes. That is an increase of 16% since 2017. The peak year was 2022 at $28.13 billion. 164 countries reported exports and 222 reported imports.
What is the average price of condensed milk per kg?
The world average declared value was about $2.88 per kg in 2024. Among the main exporters, Australia averaged $3.63 per kg and Germany $2.24 per kg, so grade and origin matter. It is total declared value divided by total weight, so treat it as a benchmark, not a quote.
What is the HS code for condensed milk?
The HS code for condensed milk is heading 0402, in chapter 04 (dairy produce; birds' eggs; natural honey; edible products of animal origin, not elsewhere specified or included). Customs uses this code worldwide at the six-digit level; national tariffs add more digits. The full list of codes is on the HS 0402 page.
How can I find condensed milk buyers and suppliers?
Public statistics stop at country totals. EximDataX shows the importers and exporters behind this trade from shipment-level customs records, updated weekly, with direct customs feeds and mirror data. Tell us your product and we will show you the latest records on a live call.
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