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Export News
21-01-2025
In 2023, global wheat exports totaled $59.2 billion.
This represents a significant 46.6% increase in international wheat trade compared to 2019, when the global wheat export value was $40.4 billion.
However, from 2022 to 2023, the value of wheat exports fell by 13.3%, down from $68.3 billion in the previous year.
The top 5 wheat-exporting countries—Russia, Australia, Canada, the United States, and France—accounted for over 63.8% of the total value of wheat exports worldwide.
From a regional perspective, European countries collectively contributed over half of global wheat exports in 2023, with shipments worth $30 billion, representing 50.7% of the total. North America, home to major wheat exporters like the United States and Canada, supplied 25.4% of the global wheat market.
Oceania, primarily Australia, contributed 15.8%, while Asian exporters made up 4.5%. Smaller shares came from Latin American countries (4.5%), excluding Mexico but including the Caribbean, and African exporters (0.3%).
The Harmonized Tariff System code for wheat and meslin is 1001.
Top 15 Wheat Exporters by Country in 2023
Here are the top 15 countries that exported the highest dollar value of wheat in 2023:
1. Russia: $9.5 billion (16% of global wheat exports)
2. Australia: $9.33 billion (15.8%)
3. Canada: $8.8 billion (15%)
4. United States: $6.1 billion (10.4%)
5. France: $4 billion (6.7%)
6. Ukraine: $2.9 billion (5%)
7. Romania: $2.2 billion (3.8%)
8. Poland: $2 billion (3.3%)
9. Germany: $1.94 billion (3.3%)
10. Kazakhstan: $1.85 billion (3.1%)
11. Bulgaria: $1.7 billion (2.8%)
12. Lithuania: $1 billion (1.8%)
13. Argentina: $871.8 million (1.5%)
14. Hungary: $827.6 million (1.4%)
15. Czech Republic: $742 million (1.3%)
The above 15 countries contributed 91% of global wheat exports by value in 2023.
Among the fastest-growing exporters from 2022 to 2023 were Poland (up 40.5%), Bulgaria (up 15.8%), Hungary (up 15.6%), and Canada (up 11.3%).
Meanwhile, countries experiencing declines in wheat exports included Argentina (down 72.1%), France (down 46.2%), the United States (down 28%), Germany (down 12.3%), and Australia (down 8.4%).
For more insights on global wheat export trends, refer to the "Searchable List of Wheat Exporting Countries in 2023" section below.
Leading Wheat Exporting Companies in 2024
Based on Tendata trade data, the following bulk wheat suppliers dominate the global grain market in 2024:
1. OLAM AGRI GHANA LIMITED – 30.39%, $429.08 Million
2. TOPRAK MAHSULLERİ OFİSİ GENEL MÜDÜRLÜĞÜ – 6.66%, $94.09 Million
3. PT INDOFOOD SUKSES MAKMUR – 3.97%, $56.08 Million
4. ITC LIMITED – 3.65%, $51.52 Million
5. GENERAL MILLS INDIA PVT LTD – 3.36%, $47.42 Million
6. CÔNG TY TNHH INTERFLOUR VIỆT NAM – 3.09%, $43.58 Million
7. SAID SALIM BAKHRESA AND COMPANY LIMITED – 2.34%, $33.1 Million
8. PRIMA CEYLON PVT LTD – 2.05%, $28.98 Million
9. BAKHRESA GRAIN MILLING UGANDA LIMITED – 1.69%, $23.92 Million
10. ISMAIL INDUSTRIES LIMITED – 1.42%, $20.01 Million
What can Tendata trade data help enterprises with?
1. Customer Profiles: Tendata's trade data provides access to customers' import and export records, helping businesses understand their purchasing behavior, including the types of products purchased, quantities, frequencies, etc. This assists in forming customer profiles, allowing businesses to better understand customer needs and preferences. By analyzing customers' trading partners, businesses can understand the supply chain networks in which customers operate, thus gaining insights into their business environment and potential cooperation opportunities.
2. Customer Background Checks: Tendata's trade data includes customers' trade history and payment records, facilitating credit assessments. By understanding customers' payment credibility, businesses can prudently select partners, reducing transaction risks. Through trade data, businesses can check whether customers' trading activities comply with relevant regulations and compliance standards, ensuring that cooperation with customers is based on legal and regulatory compliance.
3. Lead Generation: By analyzing Tendata's trade data, businesses can directly obtain customer contact information and proactively reach out to foreign trade customers via email, LinkedIn, phone, other social media platforms, etc., for direct marketing and lead generation!
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