HS Code:
The 'Containing cow's milk (except soft-ripened cow's milk cheese)' category includes dairy products made from cow's milk, excluding soft-ripened varieties like Brie or Camembert. This category typically encompasses hard cheeses, semi-hard cheeses, and other processed dairy products containing cow's milk as a primary ingredient. These products are widely traded globally due to their long shelf life, high nutritional value, and versatility in culinary applications. The trade of these products is influenced by factors such as dairy production capacities, consumer preferences, and stringent food safety regulations.
Total Trade Volume
USD 25.3 billion
Data from 2022
Source
United Nations Comtrade Database
USD 4.8 billion
19.0% of total trade of total trade
Increasing
USD 3.9 billion
15.4% of total trade of total trade
Stable
USD 3.2 billion
12.6% of total trade of total trade
Increasing
USD 2.7 billion
10.7% of total trade of total trade
Stable
USD 2.1 billion
8.3% of total trade of total trade
Increasing
Average Rate
12.5%
Highest Rate
35% (applied by certain developing countries to protect local dairy industries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Rising demand for lactose-free and organic cow's milk products
Increased exports from countries with advanced dairy processing technologies like the Netherlands and Germany, catering to health-conscious consumers in Asia and North America.
2021-2022
Growth in plant-based dairy alternatives
Moderate negative pressure on traditional cow's milk product exports as consumers in developed markets shift towards vegan and sustainable options.
2020-2022
Expansion of e-commerce for dairy trade
Small and medium-sized producers gaining access to international markets through online platforms, boosting trade volumes in niche markets.
2022
The European Union revised its export quotas for dairy products, including cow's milk cheeses, to balance domestic supply and international demand amidst rising production costs.
March 2023
Potentially higher export volumes to non-EU countries, benefiting major exporters like the Netherlands and France, but may increase competition in global markets.
A new bilateral agreement reduced tariffs on US dairy exports, including cow's milk products, to China, aiming to capture a larger share of the growing Asian market.
January 2023
Increased trade volume for US exporters, potentially shifting market dynamics in Asia and impacting competitors like New Zealand and Australia.
Several countries, including those in the EU, introduced stricter sustainability and animal welfare standards for imported dairy products, affecting exporters without compliance certifications.
June 2023
Possible trade barriers for smaller exporters from developing countries, while larger producers with sustainable practices may gain a competitive edge.