Cereals10 (Harmonized System 1992 for 2-digit)
2020 World Trade: $128B, Rnk 26 / 96
2020 Top Exporter | Top Importer: $20.2B | $11B, United States | China
2020 Product Complexity: -0.91, Rnk 79 / 96
2019 - 2020 Export Growth (CAGR): 8.23%, Rnk 6 / 96
2018 Mean Tariff: 8.63%, Rnk 54 / 96
2020 Share of World Trade: 0.77%, Rnk 26 / 96
Overview This page contains the latest trade data of Cereals. In 2020, Cereals were the world's 26th most traded product, with a total trade of $128B. Between 2019 and 2020 the exports of Cereals grew by 8.23%, from $119B to $128B. Trade in Cereals represent 0.77% of total world trade.
Cereals are a part of Vegetable Products. They include Cereals.
Exports In 2020 the top exporters of Cereals were United States ($20.2B), Russia ($11.5B), Ukraine ($10.5B), Argentina ($9.41B), and India ($8.9B).
Imports In 2020 the top importers of Cereals were China ($11B), Egypt ($7.17B), Japan ($4.99B), Mexico ($4.49B), and Saudi Arabia ($4.34B).
Tariffs In 2018 the average tariff for Cereals was 8.63%, making it the 54th lowest tariff using the HS2 product classification.
Ranking Cereals ranks 79th in the Product Complexity Index (PCI).
The following visualization shows the latest trends on Cereals. Countries are shown based on data availability.
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2020): United States, $20.2B
Top Destination (2020): China, $11B
Cereals are the world's 26th most traded product.
In 2020, the top exporters of Cereals were United States ($20.2B), Russia ($11.5B), Ukraine ($10.5B), Argentina ($9.41B), and India ($8.9B).
In 2020, the top importers of Cereals were China ($11B), Egypt ($7.17B), Japan ($4.99B), Mexico ($4.49B), and Saudi Arabia ($4.34B).
Trade by country
Top Origin Growth (2019 - 2020): United States, $2.14B
Top Destination Growth (2019 - 2020): China, $5.87B
Between 2019 and 2020, the exports of Cereals grew the fastest in United States ($2.14B), Russia ($1.65B), India ($1.58B), Canada ($1.21B), and Germany ($1.13B).
Between 2019 and 2020, the fastest growing importers of Cereals were China ($5.87B), Pakistan ($993M), Nigeria ($785M), Saudi Arabia ($672M), and Morocco ($569M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Cereals.
In 2020, market concentration measured using Shannon Entropy, was 4.59. This means that most of the exports of Cereals are explained by 24 countries.
TOP NET EXPORTER (2020): United States, $17.6B
TOP NET IMPORTER (2020): China, $9.77B
This map shows which countries export or import more of Cereals. Each country is colored based on the difference in exports and imports of Cereals during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Cereals were United States ($17.6B), Russia ($11.2B), Ukraine ($10.3B), Argentina ($9.38B), and India ($8.77B).
In 2020, the countries that had a largest trade value in imports than in exports of Cereals were China ($9.77B), Egypt ($7.17B), Japan ($4.93B), Saudi Arabia ($4.33B), and Mexico ($4B).
In 2020, the world most traded Cereals, disaggragated by their HS6 level were Cereals ($128B)
This visualization shows the countries that have an important ratio of their trade related to Cereals. It is possible to select the main countries that export or import Cereals in the world, or by continent, as well as select the measure of interest.
The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.
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