Rice1006 (Harmonized System 1992 for 4-digit)
2020 World Trade: $26.8B, Rnk 134 / 1217
2020 Top Exporter | Top Importer: $8.21B | $1.72B, China | India
2020 Product Complexity: -1.97, Rnk 1001 / 1028
2019 - 2020 Export Growth (CAGR): 5.97%, Rnk 188 / 1217
2018 Mean Tariff: 10.3%, Rnk 399 / 1259
2020 Share of World Trade: 0.16%, Rnk 134 / 1217
Overview This page contains the latest trade data of Rice. In 2020, Rice were the world's 134th most traded product, with a total trade of $26.8B. Between 2019 and 2020 the exports of Rice grew by 5.97%, from $25.3B to $26.8B. Trade in Rice represent 0.16% of total world trade.
Rice are a part of Cereals. They include Rice, semi-milled or wholly milled, Rice, husked (brown), Rice, broken, and Rice in the husk (paddy or rough).
Exports In 2020 the top exporters of Rice were India ($8.21B), Thailand ($3.88B), Vietnam ($2.74B), Pakistan ($2.14B), and United States ($1.92B).
Imports In 2020 the top importers of Rice were China ($1.72B), Saudi Arabia ($1.37B), United States ($1.22B), Philippines ($1.21B), and Iran ($885M).
Tariffs In 2018 the average tariff for Rice was 10.3%, making it the 399th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Rice are South Korea (511%), Japan (274%), Taiwan (248%), Burundi (73.6%), and Uganda (73.6%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Madagascar (0%), Mauritius (0%), and South Africa (0%).
Ranking Rice ranks 1001st in the Product Complexity Index (PCI).
The following visualization shows the latest trends on Rice. 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
Rice are the world's 134th most traded product.
In 2020, the top exporters of Rice were India ($8.21B), Thailand ($3.88B), Vietnam ($2.74B), Pakistan ($2.14B), and United States ($1.92B).
In 2020, the top importers of Rice were China ($1.72B), Saudi Arabia ($1.37B), United States ($1.22B), Philippines ($1.21B), and Iran ($885M).
Trade by country
Between 2019 and 2020, the exports of Rice grew the fastest in India ($1.2B), Vietnam ($275M), Brazil ($152M), Uruguay ($110M), and Italy ($102M).
Between 2019 and 2020, the fastest growing importers of Rice were China ($276M), United States ($207M), Niger ($205M), Brazil ($148M), and Malaysia ($140M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Rice.
In 2020, market concentration measured using Shannon Entropy, was 3.68. This means that most of the exports of Rice are explained by 12 countries.
TOP NET EXPORTER (2020): India, $8.2B
TOP NET IMPORTER (2020): Saudi Arabia, $1.37B
This map shows which countries export or import more of Rice. Each country is colored based on the difference in exports and imports of Rice during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Rice were India ($8.2B), Thailand ($3.86B), Vietnam ($2.6B), Pakistan ($2.11B), and Myanmar ($1.15B).
In 2020, the countries that had a largest trade value in imports than in exports of Rice were Saudi Arabia ($1.37B), Philippines ($1.21B), Iran ($882M), Iraq ($692M), and Benin ($662M).
In 2019, the world most traded Rice, disaggragated by their HS6 level were Rice, semi-milled or wholly milled ($21.1B), Rice, broken ($2.32B), Rice, husked (brown) ($2.13B), and Rice in the husk (paddy or... ($1.27B)
This visualization shows the countries that have an important ratio of their trade related to Rice. It is possible to select the main countries that export or import Rice in the world, or by continent, as well as select the measure of interest.
In 2018, the average tariff for importing Rice was 10.3%. The countries with the highest tariffs for importing Rice were South Korea (511%), Japan (274%), Taiwan (248%), Burundi (73.6%), and Uganda (73.6%).
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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