# HS 040510 Derived From Milk global trade data overview...

Reported global trade in derived from milk, butter reached $10.0B in 2024, with five-year annual growth of +6.4%.

## Annual trade evidence

| Year | Global trade | Year-on-year growth | 3-year growth |
| --- | --- | --- | --- |
| 2013 | $5.8B | +19.1% | +6.1% |
| 2014 | $6.1B | +5.7% | +2.3% |
| 2015 | $4.8B | -21% | -0.2% |
| 2016 | $5.0B | +4.2% | -4.6% |
| 2017 | $7.1B | +42.7% | +5.5% |
| 2018 | $8.2B | +14.8% | +19.5% |
| 2019 | $7.4B | -10.1% | +13.8% |
| 2020 | $6.4B | -13.3% | -3.6% |
| 2021 | $7.5B | +16.6% | -3.1% |
| 2022 | $9.5B | +27.2% | +8.7% |
| 2023 | $8.8B | -7.7% | +11% |
| 2024 | $10.0B | +14.8% | +10.4% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| France | $1.4B | +10.3% | 48 |
| Netherlands | $906.4M | +7.1% | 42 |
| USA | $735.1M | +21% | 59 |
| China | $710.7M | +16% | 30 |
| Germany | $619.9M | -3.7% | 46 |
| Russia | $561.1M | +0.2% | 16 |
| Belgium | $395.9M | -2.4% | 26 |
| United Kingdom | $364.4M | +2% | 37 |
| Saudi Arabia | $266.0M | +15.2% | 39 |
| Italy | $253.7M | +10% | 38 |
| Spain | $212.4M | +15.1% | 34 |
| Australia | $193.2M | +4.5% | 23 |

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