Overview of the Russian Wheat Export in 2023
- Dec 24, 2024
Overview of the Russian Wheat Export in 2023
The steady increase in production rate over the years is because of severe government policies promoting agriculture and technological advancements in the farming industries. The significant production capacity of the industrial sectors has recorded a total produced amount of 34 million metric tons of wheat in 2020 leading to an overall increase of 85 million metric tons in 2023. The strategic location of the nation accompanied by the development of the transportation sector is behind the essential role of wheat in fostering the country’s global trade rank.
The increasing global demand for wheat from the agro-farming industries of Russia has recorded an export trade value of 10 billion US dollars in 2023. The high quality of Russian wheat and the rich black soil found in southern parts of the Russian estate promotes the ideal cultivation of this globally sought commodity.
Top 10 Russia Wheat Export Variants in 2023
Due to the globally increased demand for wheat from the agro-farming industries of Russia; the trade management authorities have introduced different varieties’ in its exports. According to the Russia Export Data, the top 10 Russia wheat export variants in 2023 are,
1. Grade 1 Soft Red Winter Wheat – Export trade value of Grade 1 Soft Red Winter Wheat from Russia in 2023 – 4.35 billion US dollars.
2. Grade 2 Hard Red Winter Wheat – Export trade value of Grade 2 Hard Red Winter Wheat from Russia in 2023 – 2.87 billion US dollars.
3. Feed Wheat – Export trade value of Feed Wheat from Russia in 2023 – 2 billion US dollars.
4. Durum Wheat – Export trade value of Durum Wheat from Russia in 2023 – 1.87 billion US dollars.
5. Spring Wheat – Export trade value of Spring Wheat from Russia in 2023 – 1 billion US dollars.
6. Unmalted Barley – Export trade value of Unmalted Barley from Russia in 2023 – 900 million US dollars.
7. Milling Oat Groats – Export trade value of Milling Oat Groats from Russia in 2023 – 800 million US dollars.
8. Malting Barley – Export trade value of Malting Barley from Russia in 2023 – 700 million US dollars.
9. Hard Red Spring Wheat – Export trade value of Hard Red Spring Wheat from Russia in 2023 – 600 million US dollars.
10. Organic Wheat – Export trade value of Organic Wheat from Russia in 2023 – 400 million US dollars.
Top 10 Export Trade Partners of Russia for Wheat Export in 2023
According to the Russia Trade Data, the top 10 leading trade partners of Russia for wheat export in 2023 are,
1. Egypt – As per the Egypt Import Data, the valuation of wheat exports from Russia in 2023 – 3.87 billion US dollars.
TOP 5 LEADING EXPORT VARIANTS
• Soft Red Winter Wheat
• Hard Red Winter Wheat
• Durum Wheat
• Soft White Wheat
• Hard White Wheat
2. Turkey – As per the Turkey Import Data, the valuation of wheat exports from Russia in 2023 – 3.12 billion US dollars.
TOP 5 LEADING EXPORT VARIANTS
• Durum Wheat
• Soft Red Winter Wheat
• Hard Red Spring Wheat
• Feed Wheat
• Organic Wheat
3. Bangladesh – As per the Bangladesh Import Data, the valuation of wheat exports from Russia in 2023 – 2.14 billion US dollars.
TOP 5 LEADING EXPORT VARIANTS
• Milling Wheat
• Durum Wheat
• Soft Wheat
• Feed Wheat
• Organic Wheat
4. Indonesia – As per the Indonesia Import Data, the valuation of wheat exports from Russia in 2023 – 2 billion US dollars.
TOP 5 LEADING EXPORT VARIANTS
• Soft Wheat
• Hard Red Spring Wheat
• Durum Wheat
• Feed Wheat
• Organic Wheat
5. Iran – As per the Iran Import Data, the valuation of wheat exports from Russia in 2023 – 1.5 billion US dollars.
TOP 5 LEADING EXPORT VARIANTS
• Milling Oat Groats
• Durum Wheat
• Organic Wheat
• Malting Barley
• Hard Red Spring Wheat
6. Sudan – As per the Sudan Import Data, the valuation of wheat exports from Russia in 2023 – 760 million US dollars.
TOP 5 LEADING EXPORT VARIANTS
• Malting Barley
• Grade 1 Soft Red Winter Wheat
• Spring Wheat
• Feed Wheat
• Unmalted Barley
7. Vietnam – As per the Vietnam Import Data, the valuation of wheat exports from Russia in 2023 – 654 million US dollars.
TOP 5 LEADING EXPORT VARIANTS
• Premium Hard Red Winter Wheat
• Soft White Wheat
• Dark Northern Spring Wheat
• Feed Wheat
• Organic Wheat
8. Italy – As per the Italy Import Data, the valuation of wheat exports from Russia in 2023 – 558 million US dollars.
TOP 5 LEADING EXPORT VARIANTS
• High Protein Wheat
• Soft White Wheat
• Durum Wheat
• Durum Wheat Semolina
• Hard Red Winter Wheat
9. Brazil – As per the Brazil Import Data, the valuation of wheat exports from Russia in 2023 – 425 million US dollars.
TOP 5 LEADING EXPORT VARIANTS
• Soft Red Winter Wheat
• Hard Red Winter Wheat
• Dark Northern Spring Wheat
• White Wheat
• Durum Wheat
10. South Korea – As per the South Korea Import Data, the valuation of wheat exports from Russia in 2023 – 387 million US dollars.
TOP 5 LEADING EXPORT VARIANTS
• Soft Wheat
• Hard Red Winter Wheat
• Durum Wheat
• Club Wheat
• Feed Wheat
FAQ’S
Que. What is the total value of Russian wheat exports in 2023?
Ans. The total value of Russian wheat exports in 2023 is 10 billion US dollars.
Que. What is the top export trade partner of Russia in 2023?
Ans. Egypt is the top export trade partner of Russia in 2023.
Que. What is the Top Exported Wheat Variant of Russia in 2023?
Ans. Grade 1 Soft Red Winter Wheat is the top exported wheat variant of Russia in 2023.
Que. Where can you get a detailed trade analysis of Russia's Wheat Export in 2023?
Ans. By subscribing to Import Globals, you can get a detailed trade analysis of Russia’s wheat exports in 2023.
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