Rice is among the earliest cereals known to humanity; from the medieval period, people have been dependent on its consumption for energy needs which has made it a significant requirement of mankind. Oryza Sativa is a global rice-producing plant developed from the family of Graminaceae plants and is believed to be originated in Asia. The majority of the global population depends on its consumption for energy because it contains essential nutrients like fiber, protein, vitamin B, and iron. The versatility of this cereal has made 50% of the world population depend on it for consumption; rice production is comparatively easier than other agro products because it can be grown in diverse climatic regions.

The increased global consumption of rice because of its high nutritional value has accounted for a worldwide consumption of 498 million metric tons accounting for an overall value of 530 billion US dollars at a global rate. Different countries across the world have been focusing on their agricultural products trade to export rice on the global market; the export trade value of rice in the year 2023 is recorded as 36 billion US dollars a growth rate of 64% from the past consecutive years with China as the top producing country.

Top 10 Rice Exporters in 2023

The vast contribution of the agricultural sector in both the national and international economy leads to a high export value of rice to meet global needs. The top 10 rice exporter nations of 2023 as per the Rice Export Data are below,

• India – The fertile land of the nation and suitable climates promote rice production and other agricultural products. The agricultural sectors of India contribute to the economic trade with an export trade value of 8.4 billion US dollars.

• Thailand – The northeastern region of Thailand is the highest producer of Jasmine rice which is the main export of the nation. It exports rice to countries like China, Indonesia, and Malaysia worth 5 billion US dollars in 2023.

• Vietnam – The rice in Vietnam is mostly grown in flooded fields, the export trade value of this highest agricultural export of the nation in 2023 is 2 billion US dollars. The Philippines, China, and Malaysia are countries where Vietnam trades most of its rice exports.

• Pakistan – The agricultural sector of Pakistan has made a great comeback in rice export by facing all the challenges related to water scarcity and climate change. It has recorded a rice export trade value of 1 billion US dollars in 2023.

• United States – The globally demanded rice varieties like the Basmati and Jasmine are mainly produced in the United States making it the 5th top rice exporters in 2023. The export of rice from the United States to countries like China, India, and Uzbekistan has recorded a trade value of 950 million US dollars in 2023.

• Myanmar – As per the Rice Customs Data, Myanmar with a rice export trade value of 900 million US dollars has seen a significant growth in its trade rate compared to the past years. The nation has evolved its agricultural sectors with various favorable policies and innovative techniques for increasing economic growth.

• Uruguay – The total export trade value of rice in 2023 is 700 million US dollars. China, India, Russia and other countries are the export partners.

• Argentina – The evolution of the agricultural sectors of Argentina and the efforts of the authorities to tackle the export restrictions has made Argentina rank 8th in the top rice exporters with a total export value of 600 million US dollars in 2023.

• Brazil – The advanced agricultural techniques used in the farming sectors for rice production have led to an export trade value of 500 million US dollars in 2023.

• China – Winding up, China the highly tech-specified nation holds the 10th position of the top global rice exporters. This is mainly because of the limited production capabilities of agricultural sectors; the total export trade value of 2023 is 400 million US dollars.

Top 10 Rice Importers of 2023

According to the Rice Export Import Data, the top 10 rice consumers at a global rate are mentioned below with their import trade value of 2023.

• China – Due to the limited production capabilities of rice in the agricultural sectors of China, the rapidly advancing economy is in the top position of global rice importers, with a total rice import value of 2.8 billion US dollars in 2023.

• Nigeria – The rapidly growing population of Nigeria leads to high consumption of rice in the nation. This is why despite being one of the largest rice exporters of South Africa it still used to import rice from different nations accounted for an import trade value of 1.5 billion US dollars in 2023.

• Iran - Iran is also a significant importer of rice at a global rate, the total rice import trade value of Iran in 2023 is recorded as 1 billion US dollars.

• Saudi Arabia – The arid climate and lack of water resources have made Saudi Arabia import huge amounts of rice to fulfill its domestic needs. The total rice import trade value of Saud Arabia in 2023 is recorded as 700 million US dollars.

• Iraq – Rice is one of the most consumed staple foods of Iraq more than half of the total population of Iraq consumes rice daily; leading to an annual rice import of 600 million US dollars in 2023.

• Philippines – The Asian nation The Philippines is one of the largest rice consumers of the entire continent. The total import trade value of rice in 2023 is 500 million US dollars.

• Senegal – The domestic rice production of Senegal is quite low compared to all the other products; the 16 million populations of the nation leads to high consumption, thus the increased import rate of rice has recorded an import value of 400 million US dollars in 2023.

• United Arab Emirates – United Arab Emirates, with a rice import value of 300 million US dollars holds the 8th position of the global top rice importers.

• United States – The rice consumption in the United States is high compared to the production rate leading to a high amount of imports. The total import trade value of rice in the year 2023 is recorded as 200 million US dollars.

• United Kingdom – The people of the United Kingdom believe in changing their dietary intake for proper health maintenance. The total rice import value of the United Kingdom in 2023 is 180 million US dollars.

FAQ’s

Que. What is the global export trade value of rice in 2023?
Ans. The total global export trade value of rice in 2023 is 36 billion US dollars.

Que. Who is the top global rice exporter of 2023?
Ans. India is the top global rice exporter in 2023.

Que. What is the global rice consumption of 2023?
Ans. The global rice consumption of 2023 is 498 million metric tons.

Que. Where to get detailed information on the global rice trade in 2023?
Ans. At Import Globals, you can get information on the global rice trade in 2023.

www.importglobals.com ; info@importglobals.com