Wheat in United States 2020 Exports | Imports : $7.04B | $448M, World Rnk 3 / 123 Rnk 35 / 1217 | World Rnk 32 / 191 Rnk 486 / 1214
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $849M | $12.4M, China | Canada
2020 ECONOMIC COMPLEXITY of United States: 1.56, Rnk 9 / 127
2020 PRODUCT COMPLEXITY IN Wheat: -0.49, Rnk 700 / 1029
Exports In 2020, United States exported $7.04B in Wheat, making it the 3rd largest exporter of Wheat in the world. At the same year, Wheat was the 35th most exported product in United States. The main destination of Wheat exports from United States are: China ($927M), Philippines ($810M), Mexico ($760M), Japan ($662M), and South Korea ($357M).
The fastest growing export markets for Wheat of United States between 2019 and 2020 were China ($849M), Ethiopia ($121M), and Philippines ($89.6M).
Imports In 2020, United States imported $448M in Wheat, becoming the 32nd largest importer of Wheat in the world. At the same year, Wheat was the 486th most imported product in United States. United States imports Wheat primarily from: Canada ($429M), France ($9.45M), Argentina ($5.93M), United Kingdom ($3.02M), and Italy ($448k).
The fastest growing import markets in Wheat for United States between 2019 and 2020 were Canada ($12.4M), France ($8.99M), and Germany ($107k).
Tariffs In 2018, the average tariff for United States in Wheat was 1.81%. The countries with the highest import tariffs for Wheat were Algeria (Most Favoured Nation duty rate treatement, 2.8%), Egypt (Most Favoured Nation duty rate treatement, 2.8%), Eritrea (Most Favoured Nation duty rate treatement, 2.8%), Western Sahara (Most Favoured Nation duty rate treatement, 2.8%), and Equatorial Guinea (Most Favoured Nation duty rate treatement, 2.8%).
December 2022
Overview In December 2022 United States' Wheat exports accounted up to $449M and imports accounted up to $72.9M, resulting in a positive trade balance of $376M. Between December 2021 and December 2022 the exports of United States' Wheat have decreased by $-39.9M (-8.15%) from $489M to $449M, while imports increased by $25.3M (53.2%) from $47.5M to $72.9M.
Destinations In December 2022, Wheat were exported mostly to Mexico ($111M), Japan ($41.3M), South Korea ($41M), China ($32M), and Turkey ($29.2M), and were imported mostly from Canada ($72.8M), Italy ($79.2k), Germany ($11k), Peru ($6.84k), and Dominican Republic ($4.35k).
Growth In December 2022, the decrease in Wheat's year-by-year exports was explained primarily by a decrease in exports to Indonesia ($-25.3M or -56.6%), Nigeria ($-15.5M or -34.9%), and Malaysia ($-10.5M or -95.3%). In December 2022, the increase in Wheat's year-by-year imports was explained primarily by an increase in imports from Canada ($21.5M or 78.2%) and Italy ($124k or 155%).
EXPORT GROWTH (December 2021 - December 2022): $-39.9M, (-8.15%)
IMPORT GROWTH (December 2021 - December 2022): $25.3M, (53.2%)
MAIN EXPORTER (December 2022): Texas, $124M
MAIN DESTINATION (December 2022): Mexico, $111M
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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EXPORTS (2020): $7.04B
IMPORTS (2020): $448M
NET TRADE (2020): $6.59B
In 2020, United States exported $7.04B in Wheat. The main destinations of United States exports on Wheat were China ($927M), Philippines ($810M), Mexico ($760M), Japan ($662M), and South Korea ($357M).
In 2020, United States imported $448M in Wheat, mainly from Canada ($429M), France ($9.45M), Argentina ($5.93M), United Kingdom ($3.02M), and Italy ($448k).
THE FASTEST GROWING Wheat EXPORT MARKETS FOR United States WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wheat BY United States WERE (2019 - 2020):
In 2020, United States's main exporting competitors in Wheat were:
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