HS Icon Wheat

1001 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Wheat. In 2020, Wheat were the world's 64th most traded product, with a total trade of $51.4B. Between N/A and 2020 the exports of Wheat grew by 10.9%, from N/A to $51.4B. Trade in Wheat represent 0.31% of total world trade.

Wheat are a part of Cereals. They include Wheat except durum wheat, and meslinand Durum wheat.

Exports In 2020 the top exporters of Wheat  were N/A.

Imports In 2020 the top importers of Wheat were Egypt ($5.2B), China ($3.47B), Turkey ($2.44B), Nigeria ($2.15B), and Indonesia ($2.08B).

Tariffs In 2018 the average tariff for Wheat was 11.6%, making it the 322nd lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Wheat are Norway (82.8%), Japan (82.2%), Poland (54.1%), Turkmenistan (50%), and Iran (50%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Madagascar (0%), Mauritius (0%), and Rwanda (0%).

Ranking Wheat ranks 704th in the Product Complexity Index (PCI).

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Wheat. 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.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Destination (2020): Egypt, $5.2B

Wheat are the world's 64th most traded product.

In 2020, the top importers of Wheat were Egypt ($5.2B), China ($3.47B), Turkey ($2.44B), Nigeria ($2.15B), and Indonesia ($2.08B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): Russia, $1.76B

Top Destination Growth (2019 - 2020): China, $2.23B

Between 2019 and 2020, the exports of Wheat grew the fastest in Russia ($1.76B), Canada ($1.09B), Germany ($927M), Poland ($685M), and Lithuania ($528M).

Between 2019 and 2020, the fastest growing importers of Wheat were China ($2.23B), Pakistan ($1.01B), Nigeria ($623M), Morocco ($371M), and Turkey ($282M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Wheat.

In 2020,  market concentration measured using Shannon Entropy, was 3.87. This means that most of the exports of Wheat are explained by 14 countries.

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TOP NET EXPORTER (2020): Russia, $9.99B

TOP NET IMPORTER (2020): Egypt, $5.2B

This map shows which countries export or import more of Wheat. Each country is colored based on the difference in exports and imports of Wheat during 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Wheat were Russia ($9.99B), Canada ($7.1B), United States ($6.59B), France ($4.66B), and Ukraine ($4.6B).

In 2020, the countries that had a largest trade value in imports than in exports of Wheat were Egypt ($5.2B), China ($3.47B), Turkey ($2.4B), Nigeria ($2.15B), and Indonesia ($2.08B).

Disaggregation

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Value

In 2019, the world most traded Wheat, disaggragated by their HS6 level were Wheat except durum wheat, and meslin ($42.2B)and Durum wheat ($9.24B)

Country Comparison

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Flow
Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Wheat.
It is possible to select the main countries that export or import Wheat in the world, or by continent, as well as select the measure of interest.

Import Tariffs

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In 2018, the average tariff for importing Wheat was 11.6%. The countries with the highest tariffs for importing Wheat were Norway (82.8%), Japan (82.2%), Poland (54.1%), Turkmenistan (50%), and Iran (50%).

Product Complexity

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Diversification Frontier

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Specialization

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.

Country by Relatedness

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The following visualization shows the relatedness of Wheat to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.