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.
Top Destination Growth (2017 - 2018): Brazil, $440M
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).
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.