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2023
Exports $837MWorld Rnk 16 / 135
Flag Rnk 39 / 1207
2023
Destination $65.5M Indonesia
2022 - 2023
FASTEST GROWING MARKET $65.5MNigeria
2023
PRODUCT COMPLEXITY IN Wheat-0.28Rnk 640 / 1025
2023
Imports $1.2BWorld Rnk 16 / 195
Flag Rnk 39 / 1200
2023
Origin $155M Argentina
2022 - 2023
FASTEST GROWING ORIGIN $155MRussia
2023
ECONOMIC COMPLEXITY of Brazil0.31Rnk 49 / 132

About

Exports In 2023, Brazil exported $837M in Wheat, making it the 16th largest exporter of Wheat in the world. At the same year, Wheat was the 39th most exported product in Brazil. The main destination of Wheat exports from Brazil are: Indonesia ($244M), Saudi Arabia ($100M), Ecuador ($71.9M), Nigeria ($65.5M), and Vietnam ($64.5M).

The fastest growing export markets for Wheat of Brazil between 2022 and 2023 were Nigeria ($65.5M), Bangladesh ($50.7M), and Indonesia ($40.7M).

Imports In 2023, Brazil imported $1.2B in Wheat, becoming the 16th largest importer of Wheat in the world. At the same year, Wheat was the 39th most imported product in Brazil. Brazil imports Wheat primarily from: Argentina ($779M), Russia ($272M), Paraguay ($51.3M), Uruguay ($39.8M), and Canada ($31.1M).

The fastest growing import markets in Wheat for Brazil between 2022 and 2023 were Russia ($155M), Canada ($19.4M), and Uruguay ($18.3M).

Latest Trends

December 2024

About

Overview In December 2024 Brazil's Wheat exports accounted up to $76.1M and imports accounted up to $120M, resulting in a negative trade balance of $44M. Between October 2023 and December 2024 the exports of Brazil's   Wheat have increased by $74.5M (4.83k%) from $1.54M to $76.1M, while imports increased by $19.4M (19.3%) from $101M to $120M.

Destinations In December 2024, Wheat were exported mostly to Vietnam ($50.9M), Ecuador ($19.7M), Indonesia ($5.49M), United Kingdom ($125), and Liberia ($102), and were imported mostly from Argentina ($93.8M), Uruguay ($16.8M), Paraguay ($8.37M), Russia ($1.11M), and Lebanon ($7.27k).

Growth In December 2024, the increase in Wheat's year-by-year exports was explained primarily by an increase in exports to Vietnam ($79.5M or 299%). In December 2024, the increase in Wheat's year-by-year imports was explained primarily by an increase in imports from Argentina ($27.2M or 23.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - December 2024)$74.5M(4.83k%)
IMPORT GROWTH (December 2023 - December 2024)$19.4M(19.3%)
MAIN EXPORTER (December 2024)Rio Grande Do Sul$196M
MAIN DESTINATION (December 2024)Vietnam$50.9M

This section shows Wheat's exports and imports data at subnational level for Brazil. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Wheat over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$837M
IMPORTS (2023)$1.2B
NET TRADE (2023)-$367M

In 2023, Brazil exported $837M in Wheat. The main destinations of Brazil exports on Wheat were Indonesia ($244M), Saudi Arabia ($100M), Ecuador ($71.9M), Nigeria ($65.5M), and Vietnam ($64.5M).

In 2023, Brazil imported $1.2B in Wheat, mainly from Argentina ($779M), Russia ($272M), Paraguay ($51.3M), Uruguay ($39.8M), and Canada ($31.1M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Wheat EXPORT MARKETS FOR Brazil WERE (2022 - 2023):
Nigeria$65.5M (1%)
Bangladesh$50.7M (113M%)
Indonesia$40.7M (20%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wheat BY Brazil WERE (2022 - 2023):
Saudi Arabia-$370M (-78.7%)
Morocco-$114M (-100%)
Pakistan-$70.8M (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Brazil's main exporting competitors in Wheat were:
Russia $11B
Australia $9.7B
Canada $9.09B
In 2023, Brazil's main importing competitors in Wheat were:
Egypt $4B
China $3.55B
Indonesia $3.49B

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Trade Value of Wheat by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALEgypt+ $27.5M
TOP IMPORT POTENTIALUnited States+ $64.1M

Wheat’s highest export potential is Egypt. With an export gap of $27.5M.   Wheat’s highest import potential is United States with an import gap of $64.1M.

See methodology.

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