Overview: In 2018, Wheat were the world's 84th most traded product, with a total trade of $45.1B. Between 2017 and 2018 the exports of Wheat grew by 5.77%, from $42.6B to $45.1B. Trade in Wheat represent 0.25% of total world trade.
Exports: In 2018 the top exporters of Wheat were Russia ($10.7B), Canada ($5.79B), United States ($5.7B), France ($4.27B), and Australia ($3.23B).
Imports: In 2018 the top importers of Wheat were Egypt ($4.54B), Indonesia ($2.32B), Algeria ($1.85B), Italy ($1.7B), and Nigeria ($1.64B).
Tariffs: In 2018 the average tariff for Wheat was 12%, been the 312 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Wheat are Poland (54.1%), Turkmenistan (50%), Iran (50%), Israel (49.4%), and India (42.8%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Madagascar (0%), Mauritius (0%), and Rwanda (0%).
Ranking: Wheat ranks 631st in the Product Complexity Index (PCI).