This staple food product not only has numerous health benefits when eaten in its pure form but is also used in producing different food products like pasta, beer, and bread. The increasing demands have led to an import value of 62 billion US dollars in 2023 worth 190 million metric tons of wheat followed by the import trade value of 40 billion US dollars and 38 billion US dollars in 2022 and 2021. The top importers facilitating its global import trade rates are (Egypt – 4 billion US dollars), (Indonesia – 3 billion US dollars), (Algeria – 2 billion US dollars), (Turkey – 1.8 billion US dollars), (Bangladesh – 1.5 billion US dollars).

Accompanying the Import trade growth of wheat in 2023, the top global traders across the world are also facing a tremendous growth rate in their exports as the rising demands are continuing at an exponential rate because of its numerous health benefits in the human body. The export trade value of wheat in 2023 is 68 billion US dollars followed by the export value of 46 billion US dollars and 40 billion US dollars in 2022 and 2021. The top exporters of wheat in 2023 are (the European Union – 13 billion US dollars), (Russia – 9 billion US dollars), (United States – 8 billion US dollars), (Canada – 4 billion US dollars), (Australia – 3.5 billion US dollars).

Top 10 Wheat Importers in 2023

The import trade value of wheat is rising across different nations in the world; this is mainly because of the increased global demand. As per the Global Wheat Import Data, the top importers of wheat in 2023 with its import trade values are discussed below,

• Egypt – According to the Egypt Import Data, the import trade value of wheat from Egypt in 2023 is 4 billion US dollars.

• Indonesia – According to the Indonesia Import Data, the import trade value of wheat from Indonesia in 2023 is 3 billion US dollars.

• Algeria – According to the Algeria Import Data, the import trade value of wheat from Algeria in 2023 is 2 billion US dollars.

• Turkey – According to the Turkey Import Data, the import trade value of wheat from Turkey in 2023 is 1.8 billion US dollars.

• Bangladesh – According to the Bangladesh Import Data, the import trade value of wheat from Bangladesh in 2023 is 1.5 billion US dollars.

• Nigeria – According to the Nigeria Import Data, the import trade value of wheat from Nigeria in 2023 is 1 billion US dollars.

• Brazil – According to the Brazil Import Data, the import trade value of wheat from Brazil in 2023 is 900 million US dollars.

• Japan – According to the Japan Import Data, the import trade value of wheat from Japan in 2023 is 800 million US dollars.

• Mexico – According to the Mexico Import Data, the import trade value of wheat from Mexico in 2023 is 600 million US dollars.

• Italy – According to the Italy Import Data, the import trade value of wheat from Italy in 2023 is 500 million US dollars.

Top 10 Wheat Exporters

The rising global demands have indulged the manufacturers for producing higher amount of wheat to fulfill the acquired necessity. As per the Global Wheat Export Data, the export trade value of wheat in 2023 with the export trade rates are discussed below,

• European Union’s – As per the European Union’s Export Data, the export trade value of wheat in 2023 is 13 billion US dollars.

• Russia – As per the Russia Export Data, the export trade value of wheat in 2023 is 9 billion US dollars.

• United States – As per the USA Export Data, the export trade value of wheat in 2023 is 8 billion US dollars.

• Canada – As per the Canada Export Data, the export trade value of wheat in 2023 is 4 billion US dollars.

• Australia – As per the Australia Export Data, the export trade value of wheat in 2023 is 3.5 billion US dollars.

• Ukraine – As per the Ukraine Export Data, the export trade value of wheat in 2023 is 2 billion US dollars.

• Kazakhstan – As per the Kazakhstan Export Data, the export trade value of wheat in 2023 is 1.5 billion US dollars.

• Argentina – As per the Argentina Export Data, the export trade value of wheat in 2023 is 1 billion US dollars.

• India – As per the India Export Data, the export trade value of wheat in 2023 is 900 million US dollars.

• Pakistan – As per the Pakistan Export Data, the export trade value of wheat in 2023 is 800 million US dollars.

Top 10 Leading Producers of Wheat

The Global Wheat Customs Shipment Data enlists the below-mentioned companies as the top producers of wheat in 2023,

• Archer Daniels Midland (ADM) – The total value of wheat produced in 2023 – 18 billion US dollars.

• Cargill – The total value of wheat produced in 2023 – 16 billion US dollars.

• Bunge Limited – The total value of wheat produced in 2023 – 14 billion US dollars.

• Louis Dreyfus Company (LDC) – The total value of wheat produced in 2023 – 12 billion US dollars.

• Ingredion Incorporated – The total value of wheat produced in 2023 – 10 billion US dollars.

• General Mills Inc. – The total value of wheat produced in 2023 – 8 billion US dollars.

• The Hain Celestial Group – The total value of wheat produced in 2023 – 7 billion US dollars.

• The Kraft Heinz Company – The total value of wheat produced in 2023 – 5 billion US dollars.

• Wilmar International Limited – The total value of wheat produced in 2023 – 4 billion US dollars.

• COFCO International – The total value of wheat produced in 2023 – 3 billion US dollars.

FAQ’s

Que. What is the global import trade value of wheat in 2023?
Ans. The global import trade value of wheat in 2023 is 62 billion US dollars.

Que. Who is the top producer of wheat in 2023?
Ans. Archer Daniels Midland (ADM) will be the top producer of wheat in 2023.

Que. Where can you get a detailed trade analysis of the global wheat trade in 2023?
Ans. At Import Globals, you can get a detailed trade analysis of wheat in 2023 with proper details and values.

www.importglobals.com ; info@importglobals.com