Overview This page contains the latest trade data of Rice. In 2019, Rice were the world's 154th most traded product, with a total trade of $24.7B. Between 2018 and 2019 the exports of Rice decreased by -7.23%, from $26.6B to $24.7B. Trade in Rice represent 0.14% of total world trade.

Exports In 2019 the top exporters of Rice  were India ($6.9B), Thailand ($4.35B), Vietnam ($2.44B), Pakistan ($2.25B), and United States ($1.89B).

Imports In 2019 the top importers of Rice were Iran ($1.47B), China ($1.43B), Saudi Arabia ($1.36B), Philippines ($1.15B), and United States ($1.02B).

Tariffs In 2018 the average tariff for Rice was 10.4%, making it the 406th 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 915th in the Product Complexity Index (PCI).

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): India, $6.9B

Top Destination (2019): Iran, $1.47B

Rice are the world's 154th most traded product.

In 2019, the top exporters of Rice were India ($6.9B), Thailand ($4.35B), Vietnam ($2.44B), Pakistan ($2.25B), and United States ($1.89B).

In 2019, the top importers of Rice were Iran ($1.47B), China ($1.43B), Saudi Arabia ($1.36B), Philippines ($1.15B), and United States ($1.02B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Myanmar, $520M

Top Destination Growth (2018 - 2019): Philippines, $195M

Between 2018 and 2019, the exports of Rice grew the fastest in Myanmar ($520M), China ($181M), United States ($162M), Pakistan ($155M), and Cambodia ($69M).

Between 2018 and 2019, the fastest growing importers of Rice were Philippines ($195M), Egypt ($157M), Cameroon ($123M), United States ($122M), and Saudi Arabia ($115M).

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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 Rice.

In 2019,  market concentration measured using Shannon Entropy, was 3.63. This means that most of the exports of Rice are explained by 12 countries.

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TOP NET EXPORTER (2019): India, $6.89B

TOP NET IMPORTER (2019): Iran, $1.47B

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Rice were India ($6.89B), Thailand ($4.33B), Vietnam ($2.38B), Pakistan ($2.21B), and Myanmar ($1.09B).

In 2019, the countries that had a largest trade value in imports than in exports of Rice were Iran ($1.47B), Saudi Arabia ($1.36B), Philippines ($1.15B), Iraq ($857M), and Benin ($761M).

Disaggregation

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Value

In 2019, the world most traded Rice, disaggragated by their HS6 level were Rice, semi-milled or wholly milled ($20B), Rice, husked (brown) ($1.87B), Rice, broken ($1.86B), and Rice in the husk (paddy or... ($958M)

Import Tariffs

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In 2018, the average tariff for importing Rice was 10.4%. The countries with the highest tariffs for importing Rice were South Korea (511%), Tanzania (70.7%), Uganda (70.6%), India (68.3%), and Colombia (53.6%).

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 Rice to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.