Wheat in United States | The Observatory of Economic Complexity

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Exports In 2022, United States exported $9.21B in Wheat, making it the 2nd largest exporter of Wheat in the world. At the same year, Wheat was the 31st most exported product in United States. The main destination of Wheat exports from United States are: Mexico ($1.33B), Japan ($956M), Philippines ($950M), Ethiopia ($626M), and South Korea ($507M).

The fastest growing export markets for Wheat of United States between 2021 and 2022 were Ethiopia ($330M), Japan ($219M), and Dominican Republic ($141M).

Imports In 2022, United States imported $736M in Wheat, becoming the 27th largest importer of Wheat in the world. At the same year, Wheat was the 457th most imported product in United States. United States imports Wheat primarily from: Canada ($716M), France ($7.61M), Argentina ($7.44M), Ukraine ($2.46M), and Italy ($835k).

The fastest growing import markets in Wheat for United States between 2021 and 2022 were Canada ($314M), France ($7.61M), and Argentina ($7.43M).

COMPANIES In 2023, leading companies such as LG Electronics (90), IKEA Group (21), and Red Bull (17) were at the forefront of shipping Wheat to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Wheat exports accounted up to $635M and imports accounted up to $56.8M, resulting in a positive trade balance of $578M. Between August 2023 and August 2024 the exports of United States' Wheat have increased by $172M (37.2%) from $462M to $635M, while imports decreased by $-18.8M (-24.9%) from $75.6M to $56.8M.

Destinations In August 2024, Wheat were exported mostly to Philippines ($77.2M), Mexico ($74M), Japan ($55.3M), Thailand ($37.8M), and Brazil ($35.3M), and were imported mostly from Canada ($49.1M), Poland ($7.6M), Dominican Republic ($12.5k), Peru ($8.43k), and Italy ($6.42k).

Growth In August 2024, the increase in Wheat's year-by-year exports was explained primarily by an increase in exports to Thailand ($30.9M or 124%), Mexico ($24.8M or 26.4%), and South Korea ($16.5M or 48.4%). In August 2024, the decrease in Wheat's year-by-year imports was explained primarily by a decrease in imports from Italy ($-174k or -85.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2023 - August 2024)$172M(37.2%)

IMPORT GROWTH (August 2023 - August 2024)$-18.8M(-24.9%)

MAIN EXPORTER (August 2024)Washington$281M

MAIN DESTINATION (August 2024)Philippines$77.2M

This section shows Wheat's exports and imports data at subnational level for United States. 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

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$9.21B

IMPORTS (2022)$736M

NET TRADE (2022)$8.47B

In 2022, United States exported $9.21B in Wheat. The main destinations of United States exports on Wheat were Mexico ($1.33B), Japan ($956M), Philippines ($950M), Ethiopia ($626M), and South Korea ($507M).

In 2022, United States imported $736M in Wheat, mainly from Canada ($716M), France ($7.61M), Argentina ($7.44M), Ukraine ($2.46M), and Italy ($835k).

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