HS Code:
The Dairy produce; birds' eggs; natural honey; edible products of animal origin, not elsewhere specified or included category (HS Code: 04) encompasses a wide range of products such as milk, cheese, butter, yogurt, eggs, honey, and other animal-derived edible products. This category is vital to global food security and nutrition, playing a significant role in diets worldwide. Trade in this category is influenced by factors such as agricultural policies, consumer preferences, health trends, and environmental considerations.
Total Trade Volume
USD 85.3 billion
Data from 2022
Source
United Nations Comtrade Database
USD 12.5 billion
14.7% of total trade of total trade
Increasing
USD 10.8 billion
12.7% of total trade of total trade
Stable
USD 9.2 billion
10.8% of total trade of total trade
Increasing
USD 8.1 billion
9.5% of total trade of total trade
Stable
USD 7.6 billion
8.9% of total trade of total trade
Decreasing
Average Rate
15.2%
Highest Rate
35% (applied by certain countries on cheese and butter imports)
Lowest Rate
0% (under free trade agreements like EU-Singapore FTA)
Growing demand for plant-based dairy alternatives
Reduced demand for traditional dairy products in developed markets, pushing producers to diversify offerings
2021-2022
Increased focus on sustainable and ethical farming
Higher production costs but growing market share for organic and free-range products
2020-2022
Rising consumption in developing economies
Increased export opportunities for major dairy producers to markets in Asia and Africa
2019-2022
The European Union revised its dairy quota system to address overproduction and market imbalances, impacting global dairy trade dynamics.
March 2023
Potential reduction in EU dairy exports, creating opportunities for competitors like New Zealand and the US.
The United States-Mexico-Canada Agreement (USMCA) introduced new provisions for dairy trade, increasing market access for US dairy products in Canada.
July 2022
Boosted US dairy exports to Canada, altering regional trade patterns.
African Swine Fever outbreaks have indirectly affected honey trade by disrupting agricultural supply chains in key producing regions.
September 2022
Short-term supply shortages and price increases for natural honey in international markets.