2022
Exports
$10.2BWorld Rnk 1 / 133
Flag Rnk 5 / 1208
2022
PRODUCT COMPLEXITY IN Wheat
-0.42Rnk 677 / 1025
2022
Imports
$976kWorld Rnk 161 / 194
Flag Rnk 1084 / 1206
2022
ECONOMIC COMPLEXITY of Australia
-0.24Rnk 78 / 133

About

Exports In 2022, Australia exported $10.2B in Wheat, making it the 1st largest exporter of Wheat in the world. At the same year, Wheat was the 5th most exported product in Australia. The main destination of Wheat exports from Australia are: China ($2.03B), Indonesia ($1.54B), Philippines ($1.11B), Vietnam ($990M), and South Korea ($677M).

The fastest growing export markets for Wheat of Australia between 2021 and 2022 were China ($1.11B), Philippines ($568M), and South Korea ($345M).

Imports In 2022, Australia imported $976k in Wheat, becoming the 161st largest importer of Wheat in the world. At the same year, Wheat was the 1084th most imported product in Australia. Australia imports Wheat primarily from: Serbia ($433k), New Zealand ($352k), United States ($75.2k), Turkey ($51.2k), and India ($17.4k).

The fastest growing import markets in Wheat for Australia between 2021 and 2022 were Serbia ($433k), United States ($75.2k), and Turkey ($22.6k).

Latest Trends

Oct 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Wheat. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$10.2B
IMPORTS (2022)$976k
NET TRADE (2022)$10.2B

In 2022, Australia exported $10.2B in Wheat. The main destinations of Australia exports on Wheat were China ($2.03B), Indonesia ($1.54B), Philippines ($1.11B), Vietnam ($990M), and South Korea ($677M).

In 2022, Australia imported $976k in Wheat, mainly from Serbia ($433k), New Zealand ($352k), United States ($75.2k), Turkey ($51.2k), and India ($17.4k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wheat EXPORT MARKETS FOR Australia WERE (2021 - 2022):
China$1.11B (121%)
Philippines$568M (106%)
South Korea$345M (104%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wheat BY Australia WERE (2021 - 2022):
Saudi Arabia-$202M (-99.8%)
Sri Lanka-$104M (-85.1%)
Italy-$63.3M (-39.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Australia's main exporting competitors in Wheat were:
In 2022, Australia's main importing competitors in Wheat were:
Egypt $4.82B
China $4.52B

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Trade Value of Wheat by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALEgypt+ $52.6M
TOP IMPORT POTENTIALUnited States+ $208k

Wheat’s highest export potential is Egypt. With an export gap of $52.6M.   Wheat’s highest import potential is United States with an import gap of $208k.

See methodology.

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