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Maize (corn)

1005 (Harmonized System 1992 for 4-digit)

2023
World Trade $56.7BRnk 75 / 1217
2023
Top Exporter | Top Importer $14.4B | $7.56BBrazil | China
2023
Product Complexity -0.87Rnk 823 / 1044
2022 - 2023
Export Growth (CAGR) -18.1%Rnk 996 / 1217
2023
Share of World Trade 0.25%Rnk 75 / 1217

About

Overview This page contains the latest trade data of Corn. In 2023, Corn were the world's 75th most traded product, with a total trade of $56.7B. Between 2022 and 2023 the exports of Corn decreased by -18.1%, from $69.2B to $56.7B. Trade in Corn represent 0.25% of total world trade.

Corn are a part of Cereals. They include Maize except seed corn and Maize (corn) seed.

Exports In 2023 the top exporters of Corn  were Brazil ($14.4B), United States ($14.4B), Argentina ($6.62B), Ukraine ($5.46B), and France ($2.01B).

Imports In 2023 the top importers of Corn were China ($7.56B), Mexico ($5.8B), Japan ($4.52B), Vietnam ($2.58B), and South Korea ($2.49B).

Ranking Corn ranks 823rd in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Corn. 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)Brazil$14.4B
Top Destination (2023)China$7.56B

In 2023 Corn were the world's 75th most traded product (out of 1,217).

In 2023, the top exporters of Corn were Brazil ($14.4B), United States ($14.4B), Argentina ($6.62B), Ukraine ($5.46B), and France ($2.01B).

In 2023, the top importers of Corn were China ($7.56B), Mexico ($5.8B), Japan ($4.52B), Vietnam ($2.58B), and South Korea ($2.49B).

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

Color
Top Origin Growth (2022 -  2023)Brazil$1.97B
Top Destination Growth (2022 -  2023)Mexico$876M

Between 2022 and 2023, the exports of Corn grew the fastest in Brazil ($1.97B), Turkey ($417M), Canada ($140M), Slovenia ($121M), and Russia ($75.1M).

Between 2022 and 2023, the fastest growing importers of Corn were Mexico ($876M), China ($696M), Uruguay ($139M), United States ($122M), and Zimbabwe ($115M).

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Exporters of Corn (2022 - 2023)

Importers of Corn (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.49. This means that most of the exports of Corn are explained by 11 countries.

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Value of Exports in Corn

Net Trade

TOP NET EXPORTER (2023)Brazil$14.2B
TOP NET IMPORTER (2023)China$7.55B

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

In 2023, the countries that had a largest trade value in exports than in imports of Corn were Brazil ($14.2B), United States ($14B), Argentina ($6.47B), Ukraine ($5.41B), and France ($1.61B).

In 2023, the countries that had a largest trade value in imports than in exports of Corn were China ($7.55B), Mexico ($5.72B), Japan ($4.52B), Vietnam ($2.49B), and South Korea ($2.49B).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Corn, disaggragated by their HS6 level were Maize except seed corn ($52.5B) and Maize (corn) seed ($4.18B)

HS6 Disaggregation for Corn (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 Corn.
It is possible to select the main countries that export or import Corn in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Corn by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALCanada+ $144M
TOP IMPORT POTENTIALBrazil+ $39.3M

Corn’s highest export potential is Canada. With an export gap of $144M.  Corn’s highest import potential is Brazil with an import gap of $39.3M.

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)

Related Products

This visualization shows products that are likely to be exported by countries that export Corn.

Country by Relatedness

The following visualization shows the relatedness of Corn to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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