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1006 (Harmonized System 1992 for 4-digit)

2023
World Trade $34.2BRnk 127 / 1217
2023
Top Exporter | Top Importer $11.4B | $1.76BIndia | Indonesia
2023
Product Complexity -1.59Rnk 972 / 1044
2022 - 2023
Export Growth (CAGR) 0.52%Rnk 389 / 1217
2023
Share of World Trade 0.15%Rnk 127 / 1217

About

Overview This page contains the latest trade data of Rice. In 2023, Rice were the world's 127th most traded product, with a total trade of $34.2B. Between 2022 and 2023 the exports of Rice grew by 0.52%, from $34B to $34.2B. Trade in Rice represent 0.15% of total world trade.

Rice are a part of Cereals. They include Rice, semi-milled or wholly milled, Rice, broken, Rice, husked (brown), and Rice in the husk (paddy or rough).

Exports In 2023 the top exporters of Rice  were India ($11.4B), Thailand ($5.3B), Vietnam ($3.88B), Pakistan ($2.47B), and United States ($2.05B).

Imports In 2023 the top importers of Rice were Indonesia ($1.76B), Saudi Arabia ($1.67B), Philippines ($1.62B), United States ($1.41B), and China ($1.41B).

Ranking Rice ranks 972nd in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

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

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

Explore Latest Trends

* 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)India$11.4B
Top Destination (2023)Indonesia$1.76B

In 2023 Rice were the world's 127th most traded product (out of 1,217).

In 2023, the top exporters of Rice were India ($11.4B), Thailand ($5.3B), Vietnam ($3.88B), Pakistan ($2.47B), and United States ($2.05B).

In 2023, the top importers of Rice were Indonesia ($1.76B), Saudi Arabia ($1.67B), Philippines ($1.62B), United States ($1.41B), and China ($1.41B).

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

Color
Top Origin Growth (2022 -  2023)Vietnam$763M
Top Destination Growth (2022 -  2023)Indonesia$1.56B

Between 2022 and 2023, the exports of Rice grew the fastest in Vietnam ($763M), Thailand ($681M), United States ($194M), Italy ($131M), and Paraguay ($115M).

Between 2022 and 2023, the fastest growing importers of Rice were Indonesia ($1.56B), Philippines ($360M), Saudi Arabia ($322M), Iraq ($246M), and Brazil ($186M).

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Exporters of Rice (2022 - 2023)

Importers of Rice (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.55. This means that most of the exports of Rice are explained by 11 countries.

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Value of Exports in Rice

Net Trade

TOP NET EXPORTER (2023)India$11.4B
TOP NET IMPORTER (2023)Indonesia$1.76B

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

In 2023, the countries that had a largest trade value in exports than in imports of Rice were India ($11.4B), Thailand ($5.29B), Vietnam ($3.14B), Pakistan ($2.43B), and Cambodia ($933M).

In 2023, the countries that had a largest trade value in imports than in exports of Rice were Indonesia ($1.76B), Saudi Arabia ($1.66B), Philippines ($1.62B), Iraq ($1.36B), and Malaysia ($787M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Rice, disaggragated by their HS6 level were Rice, semi-milled or wholly milled ($27.4B), Rice, broken ($2.85B), Rice, husked (brown) ($2.06B), and Rice in the husk (paddy or... ($1.86B)

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

Top 10 Exporters Countries of Rice by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $213M
TOP IMPORT POTENTIALIndia+ $59.3M

Rice’s highest export potential is China. With an export gap of $213M.  Rice’s highest import potential is India with an import gap of $59.3M.

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 Rice.

Country by Relatedness

The following visualization shows the relatedness of Rice 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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