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Wheat and meslin

1001 (Harmonized System 1992 for 4-digit)

2023
World Trade $65.8BRnk 58 / 1217
2023
Top Exporter | Top Importer $11B | $4BRussia | Egypt
2023
Product Complexity -0.32Rnk 666 / 1044
2022 - 2023
Export Growth (CAGR) -16.6%Rnk 957 / 1217
2023
Share of World Trade 0.29%Rnk 58 / 1217

About

Overview This page contains the latest trade data of Wheat. In 2023, Wheat were the world's 58th most traded product, with a total trade of $65.8B. Between 2022 and 2023 the exports of Wheat decreased by -16.6%, from $78.9B to $65.8B. Trade in Wheat represent 0.29% of total world trade.

Wheat are a part of Cereals. They include Wheat except durum wheat, and meslin and Durum wheat.

Exports In 2023 the top exporters of Wheat  were Russia ($11B), Australia ($9.7B), Canada ($9.09B), United States ($6.28B), and France ($4.52B).

Imports In 2023 the top importers of Wheat were Egypt ($4B), China ($3.55B), Indonesia ($3.49B), Turkey ($3.35B), and Italy ($3.14B).

Ranking Wheat ranks 666th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Wheat. 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)Russia$11B
Top Destination (2023)Egypt$4B

In 2023 Wheat were the world's 58th most traded product (out of 1,217).

In 2023, the top exporters of Wheat were Russia ($11B), Australia ($9.7B), Canada ($9.09B), United States ($6.28B), and France ($4.52B).

In 2023, the top importers of Wheat were Egypt ($4B), China ($3.55B), Indonesia ($3.49B), Turkey ($3.35B), and Italy ($3.14B).

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

Color
Top Origin Growth (2022 -  2023)Russia$2.24B
Top Destination Growth (2022 -  2023)Spain$713M

Between 2022 and 2023, the exports of Wheat grew the fastest in Russia ($2.24B), Poland ($868M), Turkey ($403M), Moldova ($165M), and Hungary ($156M).

Between 2022 and 2023, the fastest growing importers of Wheat were Spain ($713M), Thailand ($535M), Italy ($382M), Iraq ($259M), and Tanzania ($179M).

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Exporters of Wheat (2022 - 2023)

Importers of Wheat (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.96. This means that most of the exports of Wheat are explained by 15 countries.

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Value of Exports in Wheat

Net Trade

TOP NET EXPORTER (2023)Russia$11B
TOP NET IMPORTER (2023)Egypt$3.99B

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

In 2023, the countries that had a largest trade value in exports than in imports of Wheat were Russia ($11B), Australia ($9.69B), Canada ($9.06B), United States ($5.38B), and France ($4.45B).

In 2023, the countries that had a largest trade value in imports than in exports of Wheat were Egypt ($3.99B), China ($3.54B), Indonesia ($3.49B), Italy ($3.06B), and Nigeria ($2.97B).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Wheat, disaggragated by their HS6 level were Wheat except durum wheat, and meslin ($51.9B) and Durum wheat ($13.9B)

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

Top 10 Exporters Countries of Wheat by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALEgypt+ $52.6M
TOP IMPORT POTENTIALUnited States+ $208k

Wheat’s highest export potential is Egypt. With an export gap of $52.6M.  Wheat’s highest import potential is United States with an import gap of $208k.

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 Wheat.

Country by Relatedness

The following visualization shows the relatedness of Wheat 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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