Molasses trade by country: top importers, exporters and prices
World trade in molasses was worth $1.37 billion in 2024, about 6.56 million tonnes. That is an increase of 40% since 2017, and down 17% 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 | $1.37B | 6.56M t |
| 2023 | $1.65B | 6.76M t |
| 2022 | $1.55B | 6.79M t |
| 2021 | $1.28B | 6.48M t |
| 2020 | $1.19B | 6.55M t |
| 2019 | $1.10B | 12.84M t |
| 2018 | $989.7M | 6.97M t |
| 2017 | $973.1M | 6.49M t |
Top molasses exporting countries
Indonesia is the largest exporter with 9% of world exports, followed by Guatemala and Egypt. The top three supply 23% between them, out of 132 exporting countries.
| Exporter | Value | Share |
|---|---|---|
| Indonesia | $123.5M | 9% |
| Guatemala | $111.7M | 8.2% |
| Egypt | $79.2M | 5.8% |
| Poland | $77.1M | 5.6% |
| Pakistan | $76.2M | 5.6% |
| Germany | $72.1M | 5.3% |
| United States | $70.7M | 5.2% |
| India | $66.7M | 4.9% |
| Thailand | $55.9M | 4.1% |
| Netherlands | $41.4M | 3% |
| El Salvador | $39.2M | 2.9% |
| Russia | $38.8M | 2.8% |
Top importing countries and buyer markets
The largest importers are the United States (14%), the Philippines (14%) and the United Kingdom (10%). 189 countries imported it, and the top three take 38% of the value.
| Importer | Value | Share |
|---|---|---|
| United States | $194.6M | 14% |
| Philippines | $185.4M | 14% |
| United Kingdom | $140.3M | 10% |
| South Korea | $90.0M | 6.6% |
| Thailand | $60.0M | 4.4% |
| Italy | $46.4M | 3.4% |
| Netherlands | $46.2M | 3.4% |
| Ireland | $42.9M | 3.1% |
| France | $36.2M | 2.7% |
| Bangladesh | $34.2M | 2.5% |
| Belgium | $32.5M | 2.4% |
| Hungary | $31.8M | 2.3% |
Average price per kg
The world average declared value was about $0.21 per kg in 2024. Among the main exporters, the United States averaged $0.27 per kg and Poland $0.17 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.
Product types under HS 1703
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 1703: Molasses; resulting from the extraction or refining of sugar. HS 1703 codes.
Common questions
Which countries export the most molasses?
Indonesia exported $123.5 million in 2024, 9% of the world total, followed by Guatemala (8%) and Egypt (6%). In all, 132 countries reported exports of this product. The full ranking and map are on this page.
Which countries import the most molasses?
The United States imported $194.6 million in 2024, 14% of world imports, ahead of the Philippines (14%) and the United Kingdom (10%). The top three importers together take 38%. Each country with its own page is linked from the table.
How big is the world trade in molasses?
It was worth $1.37 billion in 2024, about 6.56 million tonnes. That is an increase of 40% since 2017. The peak year was 2023 at $1.65 billion. 132 countries reported exports and 189 reported imports.
What is the average price of molasses per kg?
The world average declared value was about $0.21 per kg in 2024. Among the main exporters, the United States averaged $0.27 per kg and Poland $0.17 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 molasses?
The HS code for molasses is heading 1703, in chapter 17 (sugars and sugar confectionery). Customs uses this code worldwide at the six-digit level; national tariffs add more digits. The full list of codes is on the HS 1703 page.
How can I find molasses 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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