Overview: In 2018, Rice were the world's 151st most traded product, with a total trade of $25.4B. Between 2017 and 2018 the exports of Rice grew by 25.7%, from $20.2B to $25.4B. Trade in Rice represent 0.14% of total world trade.
Exports: In 2018 the top exporters of Rice were India ($7.47B), Thailand ($5.77B), Vietnam ($2.13B), Pakistan ($1.98B), and United States ($1.7B).
Imports: In 2018 the top importers of Rice were China ($1.61B), Iran ($1.4B), Saudi Arabia ($1.24B), Benin ($1.03B), and Indonesia ($994M).
Tariffs: In 2018 the average tariff for Rice was 10.4%, been the 406 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Rice are South Korea (511%), Tanzania (70.7%), Uganda (70.6%), India (68.3%), and Colombia (53.6%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Madagascar (0%), Mauritius (0%), and South Africa (0%).
Ranking: Rice ranks 956th in the Product Complexity Index (PCI).