The imports include the trade of some raw materials, food crops, animal products like meat, dairy products, and seafood, coffee, tea, and other beverages. The agricultural trade is dependent on the acquired domestic necessities of different countries across the globe. Agricultural products are becoming one of the highly sought-after global commodities because of their essential role in the day-to-day lifestyle of mankind and their nutritional benefits.
The globally increasing demand for agricultural goods is all because of the increasing consumer rate and insufficient production capacity of some of the traders due to irregular climatic conditions, and lower fertility rate. The global trade value of agricultural imports has reached a staggering rate of 3.5 trillion US dollars in 2023 with a significant growth of 3.2% from 2018 i.e. 1.9 trillion US dollars.
As per the detailed analysis done on the global requirement of agricultural necessities, the Global Agricultural Goods Import Data enlists the below-mentioned products at the top of the acquired list. The import market value of each of the products in 2023 is discussed below,
• Soybeans – Import market trade value of Soybeans in 2023 – 115 billion US dollars.
• Corn – Import market trade value of Corn in 2023 – 100 billion US dollars.
• Palm Oil – Import market trade value of Palm Oil in 2023 – 87 billion US dollars.
• Wheat – Import market trade value of Wheat in 2023 – 70 billion US dollars.
• Beef – Import market trade value of Beef in 2023 – 65 billion US dollars.
• Fresh Fruits – Import market trade value of Fresh Fruits in 2023 – 55 billion US dollars.
• Dairy products – Import market trade value of Dairy products in 2023 – 49 billion US dollars.
• Pork – Import market trade value of Pork in 2023 – 45 billion US dollars.
• Coffee – Import market trade value of Coffee in 2023 – 38 billion US dollars.
• Rice – Import market trade value of Rice in 2023 – 29 billion US dollars.
The rising domestic necessity in different countries due to insufficient production rates is the main reason behind the growing import trade value of agricultural goods. As per the Global Agricultural Goods Trade Data, the top importers in 2023 with their import variations and valuations are discussed below,
• United States – As per the USA Import Data, the import value of agricultural goods in 2023 – 241 billion US dollars
Top 5 Agricultural Imports
1. Fresh Fruits
2. Vegetables
3. Coffee, Tea, and Spices
4. Wine, Beer, and Spirits
5. Cocoa and Chocolate Products
• China – As per the China Import Data, the import value of agricultural goods in 2023 – 181 billion US dollars
Top 5 Agricultural Imports
1. Soybeans
2. Palm Oil
3. Meat Products
4. Dairy Products
5. Barley and Corn
• Japan – As per the Japan Import Data, the import value of agricultural goods in 2023 – 97 billion US dollars
Top 5 Agricultural Imports
1. Meat (Beef, Pork, Poultry)
2. Cereals (Wheat and Corn)
3. Soybeans
4. Seafood
5. Dairy Products (Cheese, Butter, Milk Powder)
• Germany – As per the Germany Import Data, the import value of agricultural goods in 2023 – 80 billion US dollars
Top 5 Agricultural Imports
1. Coffee
2. Cocoa Beans and Cocoa Products
3. Soybeans and Soybean Products
4. Fruits (Bananas, Citrus, Grapes)
5. Wine
• Netherlands – As per the Netherlands Import Data, the import value of agricultural goods in 2023 – 78 billion US dollars
Top 5 Agricultural Imports
1. Coffee
2. Soybeans
3. Cocoa Beans and Cocoa Products
4. Fruits (Bananas, Citrus Fruits, Apples)
5. Beverages
• United Kingdom – As per the United Kingdom Import Data, the import value of agricultural goods in 2023 – 61 billion US dollars
Top 5 Agricultural Imports
1. Meat and poultry products
2. Fruits and vegetables
3. Dairy products
4. Coffee
5. Cereals
• France – As per the France Import Data, the import value of agricultural goods in 2023 – 55 billion US dollars
Top 5 Agricultural Imports
1. Cereals
2. Fruits
3. Vegetables
4. Meat products
5. Oilseeds
• Italy – As per the Italy Import Data, the import value of agricultural goods in 2023 – 50 billion US dollars
Top 5 Agricultural Imports
1. Wheat
2. Palm oil
3. Soybeans
4. Corn
5. Coffee
• Canada – As per the Canada Import Data, the import value of agricultural goods in 2023 – 47 billion US dollars
Top 5 Agricultural Imports
1. Fresh Fruits
2. Vegetables
3. Meat products
4. Grains
5. Dairy products
• Belgium – As per the Belgium Import Data, the import value of agricultural goods in 2023 – 38 billion US dollars.
Top 5 Agricultural Imports
1. Beverages
2. Beef
3. Cocoa products
4. Wheat
5. Milk-based staple foods
1. Global Import Trade Value of Agricultural Goods in 2013 – 1.2 trillion US dollars.
2. Global Import Trade Value of Agricultural Goods in 2014 – 1.5 trillion US dollars.
3. Global Import Trade Value of Agricultural Goods in 2015 – 1.8 trillion US dollars.
4. Global Import Trade Value of Agricultural Goods in 2016 – 2 trillion US dollars.
5. Global Import Trade Value of Agricultural Goods in 2017 – 2.5 trillion US dollars.
6. Global Import Trade Value of Agricultural Goods in 2018 – 2.9 trillion US dollars.
7. Global Import Trade Value of Agricultural Goods in 2019 – 1.7 trillion US dollars.
8. Global Import Trade Value of Agricultural Goods in 2020 – 2.87 trillion US dollars.
9. Global Import Trade Value of Agricultural Goods in 2021 – 2.63 trillion US dollars.
10. Global Import Trade Value of Agricultural Goods in 2022 – 3 trillion US dollars.
Que. What is the global import trade value of agricultural goods in 2023?
Ans. The global import trade value of agricultural goods in 2023 is 3.5 trillion US dollars.
Que. What is the top global agricultural import in 2023?
Ans. Soybean is the top global agricultural import in 2023.
Que. Where can you get the detailed trade analysis of agricultural goods imported in 2023?
Ans. At Import Globals, you can get a detailed trade analysis of agricultural goods imported in 2023 with values.