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2023
Exports $6.28BWorld Rnk 4 / 135
Flag Rnk 50 / 1217
2023
Destination $164M Philippines
2022 - 2023
FASTEST GROWING MARKET $164MMexico
2023
PRODUCT COMPLEXITY IN Wheat-0.28Rnk 640 / 1025
2023
Imports $898MWorld Rnk 20 / 195
Flag Rnk 396 / 1215
2023
Origin $73.3M Canada
2022 - 2023
FASTEST GROWING ORIGIN $73.3MPoland
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $6.28B in Wheat, making it the 4th largest exporter of Wheat in the world. At the same year, Wheat was the 50th most exported product in United States. The main destination of Wheat exports from United States are: Philippines ($795M), Japan ($757M), Mexico ($687M), South Korea ($418M), and Chinese Taipei ($384M).

The fastest growing export markets for Wheat of United States between 2022 and 2023 were Mexico ($164M), Algeria ($93.2M), and Kenya ($54M).

Imports In 2023, United States imported $898M in Wheat, becoming the 20th largest importer of Wheat in the world. At the same year, Wheat was the 396th most imported product in United States. United States imports Wheat primarily from: Canada ($762M), Poland ($73.3M), Germany ($34M), France ($12.6M), and Argentina ($7.06M).

The fastest growing import markets in Wheat for United States between 2022 and 2023 were Poland ($73.3M), Canada ($53.4M), and Germany ($34M).

COMPANIES In 2023, leading companies such as LG Electronics (90), IKEA Group (21), and Red Bull (17) were at the forefront of shipping Wheat to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Wheat exports accounted up to $418M and imports accounted up to $70.2M, resulting in a positive trade balance of $348M. Between November 2023 and November 2024 the exports of United States'   Wheat have increased by $61.2M (17.1%) from $357M to $418M, while imports decreased by $-2.88M (-3.95%) from $73M to $70.2M.

Destinations In November 2024, Wheat were exported mostly to China ($75.7M), Japan ($61.8M), Philippines ($55.5M), Mexico ($54.1M), and Chinese Taipei ($33.8M), and were imported mostly from Canada ($69.9M), Italy ($166k), Belgium ($31.4k), Peru ($7.47k), and Armenia ($7.2k).

Growth In November 2024, the increase in Wheat's year-by-year exports was explained primarily by an increase in exports to Thailand ($30.9M or 124%), Mexico ($24.8M or 26.4%), and South Korea ($16.5M or 48.4%). In November 2024, the decrease in Wheat's year-by-year imports was explained primarily by a decrease in imports from Italy ($-174k or -85.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$61.2M(17.1%)
IMPORT GROWTH (November 2023 - November 2024)$-2.88M(-3.95%)
MAIN EXPORTER (November 2024)Washington$302M
MAIN DESTINATION (November 2024)China$75.7M

This section shows Wheat's exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Wheat over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$6.28B
IMPORTS (2023)$898M
NET TRADE (2023)$5.38B

In 2023, United States exported $6.28B in Wheat. The main destinations of United States exports on Wheat were Philippines ($795M), Japan ($757M), Mexico ($687M), South Korea ($418M), and Chinese Taipei ($384M).

In 2023, United States imported $898M in Wheat, mainly from Canada ($762M), Poland ($73.3M), Germany ($34M), France ($12.6M), and Argentina ($7.06M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Wheat EXPORT MARKETS FOR United States WERE (2022 - 2023):
Mexico$164M (31.4%)
Algeria$93.2M (210%)
Kenya$54M (7.58k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wheat BY United States WERE (2022 - 2023):
Ethiopia-$363M (-58.1%)
Nigeria-$337M (-65.2%)
Japan-$272M (-26.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Wheat were:
Russia $11B
Australia $9.7B
Canada $9.09B
In 2023, United States's main importing competitors in Wheat were:
Egypt $4B
China $3.55B
Indonesia $3.49B

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Trade Value of Wheat by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $191M
TOP IMPORT POTENTIALCanada+ $235M

Wheat’s highest export potential is China. With an export gap of $191M.   Wheat’s highest import potential is Canada with an import gap of $235M.

See methodology.

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