# HS 040590 Fats And Oils Derived From Milk (Oth global trade...

Reported global trade in fats and oils derived from milk (other than butter or dairy spreads) reached $2.8B in 2024, with five-year annual growth of +2.6%.

## Annual trade evidence

| Year | Global trade | Year-on-year growth | 3-year growth |
| --- | --- | --- | --- |
| 2013 | $2.0B | +26.8% | +7.3% |
| 2014 | $2.2B | +7.2% | +1.7% |
| 2015 | $1.7B | -21.1% | +2.3% |
| 2016 | $1.8B | +6.3% | -3.5% |
| 2017 | $2.4B | +31.7% | +3.4% |
| 2018 | $2.7B | +14.9% | +17.2% |
| 2019 | $2.4B | -11.7% | +10.2% |
| 2020 | $2.0B | -18.1% | -6% |
| 2021 | $2.1B | +7.8% | -8% |
| 2022 | $2.9B | +36.5% | +6.4% |
| 2023 | $2.6B | -11.9% | +9% |
| 2024 | $2.8B | +7.2% | +8.8% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| Italy | $266.6M | +7.6% | 23 |
| France | $219.5M | +8% | 35 |
| China | $213.4M | +9.8% | 18 |
| Belgium | $207.3M | +2.3% | 25 |
| Germany | $152.4M | +5.4% | 38 |
| Mexico | $151.8M | -3.9% | 9 |
| Saudi Arabia | $111.8M | +6.3% | 30 |
| Philippines | $106.6M | -6.9% | 15 |
| Netherlands | $101.5M | +13.7% | 38 |
| USA | $85.4M | -14.6% | 48 |
| Poland | $70.7M | +7.3% | 16 |
| United Arab Emirates | $68.0M | +7.6% | 32 |

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