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10 (Harmonized System 1992 for 2-digit)

2023
World Trade $173BRnk 23 / 96
2023
Top Exporter | Top Importer $24B | $18BUnited States | China
2023
Product Complexity -0.39Rnk 60 / 96
2022 - 2023
Export Growth (CAGR) -13.6%Rnk 80 / 96
2023
Share of World Trade 0.77%Rnk 23 / 96

About

Overview This page contains the latest trade data of Cereals. In 2023, Cereals were the world's 23rd most traded product, with a total trade of $173B. Between 2022 and 2023 the exports of Cereals decreased by -13.6%, from $201B to $173B. Trade in Cereals represent 0.77% of total world trade.

Cereals are a part of Vegetable Products. They include Wheat, Corn, Rice, Barley, Sorghum, Buckwheat, Oats, and Rye.

Exports In 2023 the top exporters of Cereals  were United States ($24B), Brazil ($16B), Australia ($13.2B), Russia ($13.2B), and India ($12.3B).

Imports In 2023 the top importers of Cereals were China ($18B), Japan ($7.63B), Mexico ($7.39B), Spain ($6.01B), and Egypt ($5.68B).

Ranking Cereals ranks 60th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Y-AXIS SCALE

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

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

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)United States$24B
Top Destination (2023)China$18B

In 2023 Cereals were the world's 23rd most traded product (out of 96).

In 2023, the top exporters of Cereals were United States ($24B), Brazil ($16B), Australia ($13.2B), Russia ($13.2B), and India ($12.3B).

In 2023, the top importers of Cereals were China ($18B), Japan ($7.63B), Mexico ($7.39B), Spain ($6.01B), and Egypt ($5.68B).

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Exporters of Cereals (2023)
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Importers of Cereals (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Russia$2.72B
Top Destination Growth (2022 -  2023)Indonesia$1.47B

Between 2022 and 2023, the exports of Cereals grew the fastest in Russia ($2.72B), Brazil ($1.41B), Poland ($882M), Vietnam ($792M), and Turkey ($756M).

Between 2022 and 2023, the fastest growing importers of Cereals were Indonesia ($1.47B), Mexico ($945M), Thailand ($722M), Iraq ($528M), and United States ($273M).

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Exporters of Cereals (2022 - 2023)

Importers of Cereals (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Cereals.

In 2023, market concentration measured using Shannon Entropy, was 4.59. This means that most of the exports of Cereals are explained by 24 countries.

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Value of Exports in Cereals

Net Trade

TOP NET EXPORTER (2023)United States$20.5B
TOP NET IMPORTER (2023)China$16.8B

This map shows which countries export or import more of Cereals. Each country is colored based on the difference in exports and imports of Cereals during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Cereals were United States ($20.5B), Brazil ($13.7B), Australia ($13B), Russia ($12.9B), and India ($12.1B).

In 2023, the countries that had a largest trade value in imports than in exports of Cereals were China ($16.8B), Japan ($7.54B), Mexico ($7.27B), Egypt ($5.66B), and Indonesia ($5.58B).

Net Trade (2023)

Disaggregation

Value
Disaggregation

In 2023, the world most traded Cereals, disaggragated by their HS6 level were Wheat ($65.8B), Corn ($56.7B), Rice ($34.2B), Barley ($11.4B), and Sorghum ($2.39B)

HS6 Disaggregation for Cereals (2023)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Cereals.
It is possible to select the main countries that export or import Cereals in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Cereals by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALCanada+ $183M
TOP IMPORT POTENTIALCanada+ $253M

Cereals’s highest export potential is Canada. With an export gap of $183M.  Cereals’s highest import potential is Canada with an import gap of $253M.

See methodology.

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Product Complexity

Diversification Frontier

Specialization

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.

Relatedness vs Country Complexity (2023)

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