Overview This page contains the latest trade data of Wheat. In 2019, Wheat were the world's 85th most traded product, with a total trade of $44.1B. Between 2018 and 2019 the exports of Wheat decreased by -7.34%, from $47.6B to $44.1B. Trade in Wheat represent 0.24% of total world trade.

Exports In 2019 the top exporters of Wheat  were Russia ($8.14B), United States ($6.94B), Canada ($5.97B), France ($4.54B), and Ukraine ($3.11B).

Imports In 2019 the top importers of Wheat were Egypt ($4.67B), Indonesia ($2.31B), Turkey ($2.15B), Italy ($1.69B), and Philippines ($1.63B).

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 644th 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): Russia, $8.14B

Top Destination (2019): Egypt, $4.67B

Wheat are the world's 85th most traded product.

In 2019, the top exporters of Wheat were Russia ($8.14B), United States ($6.94B), Canada ($5.97B), France ($4.54B), and Ukraine ($3.11B).

In 2019, the top importers of Wheat were Egypt ($4.67B), Indonesia ($2.31B), Turkey ($2.15B), Italy ($1.69B), and Philippines ($1.63B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): United States, $1.11B

Top Destination Growth (2018 - 2019): Turkey, $1.01B

Between 2018 and 2019, the exports of Wheat grew the fastest in United States ($1.11B), France ($272M), Lithuania ($235M), United Kingdom ($140M), and Canada ($135M).

Between 2018 and 2019, the fastest growing importers of Wheat were Turkey ($1.01B), China ($302M), Australia ($138M), Azerbaijan ($135M), and Uzbekistan ($84.9M).

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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 2019,  market concentration measured using Shannon Entropy, was 3.83. This means that most of the exports of Wheat are explained by 14 countries.

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TOP NET EXPORTER (2019): Russia, $8.1B

TOP NET IMPORTER (2019): Egypt, $4.67B

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Wheat were Russia ($8.1B), United States ($6.51B), Canada ($5.93B), France ($4.42B), and Ukraine ($3.1B).

In 2019, the countries that had a largest trade value in imports than in exports of Wheat were Egypt ($4.67B), Indonesia ($2.31B), Turkey ($2.1B), Italy ($1.66B), and Philippines ($1.63B).

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 ($36B) and Durum wheat ($8.11B)

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.