Wheat1001 (Harmonized System 1992 for 4-digit)
2020 World Trade: $51.4B, Rnk 64 / 1217
2020 Top Exporter | Top Importer: $10.1B | $5.2B, Russia | Egypt
2020 Product Complexity: -0.51, Rnk 704 / 1028
2019 - 2020 Export Growth (CAGR): 10.9%, Rnk 110 / 1217
2018 Mean Tariff: 11.6%, Rnk 322 / 1259
2020 Share of World Trade: 0.31%, Rnk 64 / 1217
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 2019 and 2020 the exports of Wheat grew by 10.9%, from $46.4B 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 meslin and Durum wheat.
Exports In 2020 the top exporters of Wheat were Russia ($10.1B), Canada ($7.13B), United States ($7.04B), France ($4.76B), and Ukraine ($4.61B).
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.
Ranking Wheat ranks 704th in the Product Complexity Index (PCI).
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.
Trade By Country
Wheat are the world's 64th most traded product.
In 2020, the top exporters of Wheat were Russia ($10.1B), Canada ($7.13B), United States ($7.04B), France ($4.76B), and Ukraine ($4.61B).
In 2020, the top importers of Wheat were Egypt ($5.2B), China ($3.47B), Turkey ($2.44B), Nigeria ($2.15B), and Indonesia ($2.08B).
Trade by country
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).
Cumulative market share
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.
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).
In 2020, the world most traded Wheat, disaggragated by their HS6 level were Wheat except durum wheat, and meslin ($42.2B) and Durum wheat ($9.24B)
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.
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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