Wheat1001 (Harmonized System 1992 for 4-digit)
2019 World Trade: $44.1B, Rnk 85 / 1217
2019 Top Exporter | Top Importer: $8.14B | $4.67B, Russia | Egypt
2019 Product Complexity: -0.41, Rnk 644 / 961
2018 - 2019 Export Growth (CAGR): -7.34%, Rnk 867 / 1217
2018 Mean Tariff: 11.6%, Rnk 322 / 1259
2019 Share of World Trade: 0.24%, Rnk 85 / 1217
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).
Trade By Country
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).
Trade by country
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).
Cumulative market share
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.
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).
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)
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%).
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.