10 Most Popular Wheat Exports by Country

10 Most Popular Wheat Exports by Country

Wheat is the second most-produced cereal for human use worldwide, behind rice and corn (maize). Given the significance of wheat in the world of food systems, anyone can assume its importance in our daily life.

This clearly means any adverse effects on big wheat producers, such as floods, wars, or other situations, may also have an effect on the entire planet.

Worldwide wheat exports per country were predicted to be worth US$55.8 billion in 2021. This figure indicates a 42.7% increase in worldwide wheat sales in 2017 when they were priced at $39.1 billion back that year. The value of wheat exports by country internationally grew by 24.2% between 2020 and 2021. 

About 59.5% of the total value of foreign shipments of the nutrient-rich cereal meal was provided by the top 5 wheat exporters, which included Russia, the United States of America, Australia, Canada, and Ukraine.

Seeing from a global perspective, European nations provided 50.2% of all wheat exports during 2021, with a total of $28 billion in shipments. North American exporters provided 25.2% of the wheat sold on overseas markets.

North America is home to two major wheat-shipping neighbours (the United States and Canada). Even the wheat price in Canada also increased last year. 13% of wheat was exported from Oceania (mostly Australia), ahead of Central America.

By eliminating Mexico but incorporating the Caribbean at 6.2%, you can see Africa (0.2%) and Asia (5.3%) contributed smaller percentages.

Top 10 Most Popular Wheat Exports by Country

As per data from the Food and Agriculture Organization of the United Nations, only a small number of countries generate the majority of the world’s wheat, although more than 80 different nations produce the cereal. Based on global wheat yield in tonnes, these are the top 10 producing nations:

1. Russia: US$7.3 billion (13.1% of total wheat exports)
2. United States: $7.29 billion (13.1%)
3. Australia: $7.2 billion (13%)
4. Canada: $6.6 billion (11.9%)
5. Ukraine: $4.7 billion (8.5%)
6. France: $4.6 billion (8.2%)
7. Argentina: $3 billion (5.3%)
8. Germany: $2 billion (3.6%)
9. Romania: $1.8 billion (3.3%)
10. India: $1.7 billion (3.1%)

Ukraine is the fifth-biggest provider of wheat exports by country, making about 8% of worldwide exports.

The country is the world’s largest exporter of wheat, contributing 18% of all exports. Global wheat supplies could be impacted by Russia’s invasion of Ukraine.

As importers look for alternatives, financial sanctions or military intervention may also have a considerable impact on food prices.

We consider the July WASDE forecast for global wheat August report, which is an important month for the North American spring wheat harvest. Lithuania (down -9.3%), Russia (down -7.8%), Germany (down -5.8%), Kazakhstan (down -5%) and Poland (down -4.9%) are the five nations with declining yearly wheat export sales.

On the contrary, India (increase 609%), Australia (up 167.2%), Bulgaria (up 96%), Romania (up 89.2%), and Argentina (up 46.5%) were the largest exporters of wheat between 2020 and 2021.

What affected wheat prices in Canada? 

In 2022–2023, the global all-wheat output is expected to decline globally to 771.64 million metric tonnes, the first decrease in four years.

This projection was revised downward by 1.8 MMT in July. However, the estimated global consumption of 784.2 MMT would exceed this estimate by 12.581 MMT.

The crop years 2022–2023 would mark the third successive year when worldwide consumption outpaced production.

This was the fourth time in the previous five years, and it was also the largest volume. The outcome is that the world’s all-wheat ending stockpiles will decrease to 267.52 MMT, the lowest level in six years.

Once China’s stocks are subtracted, there are 126 MMT of global stocks in total, with the eight largest exporters holding 54.597 MMT of this amount.

It would be the eight individuals’ lowest volume holding in ten years, representing 20.4% of all global stocks—the lowest percentage observed in decades, albeit by a narrow margin.

The Russia and Ukraine invasions affected wheat price in Canada and the overall list of wheat exports by country. 

The Impact of Russia and Ukraine on the World Wheat Market 

After corn, wheat is the grain that is produced the most globally. It has been farmed for ages and is necessary for manufacturing bread, pasta, and other basic foods.

The current Russian military assault on Ukraine may potentially affect the supply of other commodities, such as edible oils, petroleum crude oil, metals, chemicals, and machinery, in addition to wheat.

Learn the latest information on how the global flow of commodities would be disrupted by Russia’s complete invasion of Ukraine.

Due to the fact that both Russia and Ukraine are key global wheat exporters, the ongoing dispute between the two nations has severely disrupted the market for wheat worldwide.

Russia is one of the main providers of fertiliser to the world, and the conflict has caused a global scarcity of fertilizer, which could cause food shortages all around the world.

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