Wheat1001 (Harmonized System 1992 for 4-digit)
World Trade (2018): $45.1B, Rnk 84 / 1225
Top Exporter (2018): $10.7B, Russia
Top Importer (2018): $4.54B, Egypt
Product Complexity (2018): -0.27, Rnk 631 / 1018
Export Growth (CAGR)(2017 - 2018): 5.77%, Rnk 943 / 1225
Mean Tariff (2018): 12%, Rnk 312 / 1259
Share of World Trade (2018): 0.25%, Rnk 84 / 1225
Overview: This page contains the latest trade data of Wheat. 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).
Trade By Country
Wheat are the world's 84th most traded product.
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).
In 2018, the top importers of Wheat were Egypt ($4.54B), Indonesia ($2.32B), Algeria ($1.85B), Italy ($1.7B), and Nigeria ($1.64B).
Trade by country
Between 2017 and 2018, the exports of Wheat grew the fastest in Russia ($2.79B), France ($1.23B), Pakistan ($420M), Canada ($361M), and Kazakhstan ($338M).
Between 2017 and 2018, the fastest growing importers of Wheat were Brazil ($440M), Egypt ($373M), Iraq ($371M), Philippines ($367M), and Saudi Arabia ($298M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Wheat.
In 2018, market concentration measured using Shannon Entropy, was 3.75. This means that most of the exports of Wheat are explained by 13 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 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Wheat were Russia ($10.7B), Canada ($5.76B), United States ($4.9B), France ($4.17B), and Australia ($3.23B).
In 2018, the countries that had a largest trade value in imports than in exports of Wheat were Egypt ($4.54B), Indonesia ($2.32B), Algeria ($1.85B), Italy ($1.63B), and Japan ($1.48B).
In 2018, the average tariff for importing Wheat was 12%. The countries with the highest tariffs for importing Wheat were Poland (54.1%), Turkmenistan (50%), Iran (50%), Israel (49.4%), and India (42.8%).
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.
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