# HS 040221 Milk And Cream global trade data overview | Yugalinks

Reported global trade in milk and cream, concentrated, not containing added sugar or other sweetening matter, in powder, granules or other solid forms, of a fat content exceeding 1.5% (by weight) reached $9.7B in 2024, with five-year annual growth of +0.6%.

## Annual trade evidence

| Year | Global trade | Year-on-year growth | 3-year growth |
| --- | --- | --- | --- |
| 2013 | $11.1B | +20.3% | +14.6% |
| 2014 | $12.3B | +10.6% | +7.9% |
| 2015 | $7.9B | -35.3% | -4.9% |
| 2016 | $7.3B | -8.6% | -13.2% |
| 2017 | $8.6B | +18.5% | -11.2% |
| 2018 | $9.2B | +7% | +5% |
| 2019 | $9.4B | +1.8% | +8.9% |
| 2020 | $9.5B | +1.2% | +3.3% |
| 2021 | $10.6B | +11.7% | +4.8% |
| 2022 | $11.3B | +7% | +6.5% |
| 2023 | $9.7B | -14.5% | +0.7% |
| 2024 | $9.7B | -0.2% | -3% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| China | $1.6B | -6% | 38 |
| Algeria | $813.7M | +3.1% | 10 |
| Brazil | $527.3M | +23.3% | 5 |
| United Arab Emirates | $441.2M | +3.4% | 50 |
| Saudi Arabia | $322.8M | -1.6% | 36 |
| Oman | $310.2M | +9.5% | 29 |
| Iraq | $278.1M | +6.6% | 16 |
| Bangladesh | $264.6M | +6.7% | 15 |
| Malaysia | $242.1M | +5% | 25 |
| Indonesia | $236.1M | +8% | 20 |
| Thailand | $230.2M | +7.2% | 21 |
| Belgium | $213.8M | +11.2% | 24 |

_Source: reported merchandise trade data. Updated 2026-08-14._