Top wheat exporter in the world in 2023

With approximately 51 million metric tons exported during the 2023–2024 marketing year, Russia emerged as the world's leading wheat exporter in 2023. Russia now has the largest market share in its history—26%—globally. With 36.5 million metric tons of exports, the European Union ranks second in export volume. The United States, Canada, and Australia are all lowering their wheat shipments. Global wheat exports accounted for $59.51 billion in 2023. The 4-digit HS code for wheat is 1001. Wheat is the 7th largest export commodity of Russia in 2023. In 2023, the world's wheat market is dominated by a few key players who hold a significant share of the global wheat export industry. Among these top wheat exporters, some top countries stand out majorly as the largest wheat exporters in the world. Let's take a closer look at these countries and their export contributions to the global wheat market.

Top Wheat Exporters in the World

Wheat is the 49th most traded commodity in the world. Russia emerged as the largest wheat exporter in the world in 2023 followed by Australia and Canada. The top exporters of wheat in 2023 majorly include:

1. Russia: $9.82 billion (16.5%)

According to latest Russia export data, Leading the pack is Russia, with a whopping $9.82 billion in wheat exports, accounting for 16.5% of the global market share. Russia's fertile soil and favorable climate make it an ideal location for wheat production, allowing it to consistently supply high-quality wheat to countries around the world. Russia’s wheat export quantity is 30.54 million metric tons in 2023. 

2. Australia: $9.33 billion (15.7%)

Coming in a close second is Australia, with $9.33 billion in wheat exports, holding a 15.7% market share. Australia's reputation for producing top-quality wheat, coupled with efficient export infrastructure, has cemented its position as a key player in the global wheat market. Australia exports wheat at a total quantity of 29.40 million metric tons.

3. Canada: $8.84 billion (14.9%)

Canada follows closely behind, with $8.84 billion in wheat exports, capturing a 14.9% market share. Canada's stringent quality control measures and commitment to sustainable farming practices have earned them a reputation for delivering premium wheat products to their international customers. Canada’s wheat exports in 2023 had a total quantity of 25.58 million metric tons.

4. USA: $6.13 billion (10.3%)

The United States secures the fourth spot with $6.13 billion in wheat exports, making up 10.3% of the global market share. With state-of-the-art farming technologies and vast agricultural lands, the USA continues to be a significant player in the wheat export market. The USA wheat export quantity had a total of 17.94 million metric tons in 2023. 

5. France: $3.98 billion (6.7%)

After analysing France export data on wheat, France ranks fifth with $3.98 billion in wheat exports, holding a 6.7% market share. Known for its high-quality wheat varieties and rich culinary heritage, France remains a top choice for wheat imports around the world. France had a total export quantity of 13.48 million metric tons in 2023. 

6. Ukraine: $2.94 billion (4.9%)

Ukraine claims the sixth spot, with $2.94 billion in wheat exports and a 4.9% market proportion. Ukraine's strategic location and abundant arable land have propelled it into the ranks of the pinnacle wheat exporters globally. Ukraine Export records says that Ukraine had a total wheat export quantity of 16.15 million metric tons in 2023. 

7. Romania: $2.22 billion (3.7%)

In the seventh rank is Romania, with $2.22 billion in wheat exports, making up 3.7% of the worldwide marketplace share. Romania's dedication to sustainable agricultural practices and manufacturing efficiency has contributed to its success in the wheat export marketplace. Romania had a total wheat export quantity of 8.17 million metric tons in 2023. 

8. Poland: $1.96 billion (3.3%)

Securing the 8th spot is Poland, with $1.96 billion in wheat exports and a 3.3% marketplace percentage. Poland's innovative farming techniques and focus on product best have helped them carve out a niche for themselves inside the competitive wheat export marketplace. Poland’s total wheat export quantity in 2023 was 6.97 million metric tons. 

9. Germany: $1.93 billion (3.3%)

Germany intently follows, with $1.93 billion in wheat exports and a 3.3% market percentage. Known for its precision agriculture and modern-day studies, Germany is still a key player in the international wheat export industry. Germany had a total wheat export quantity of 6.74 million metric tons in 2023. 

10. Kazakhstan: $1.85 billion (3.1%)

Last however now not least, Kazakhstan rounds out the pinnacle 10 wheat exporters in 2023 with $1.85 billion in exports, taking a share of 3.1% market percentage. Kazakhstan's considerable wheat fields and sturdy export infrastructure have located them as a good-sized player in the international wheat market. Kazakhstan exports wheat, with the total quantity in 2023 reaching 7.20 million metric tons.

Wheat Exports in the Last Decade (Last 10 years)

Russia increases its export lead for wheat

According to the most recent International Grains Council (IGC) Grain Market Report, Russia, the largest wheat exporter in the world, is expected to export a record 53 million tons of wheat in the current marketing year, giving it the greatest worldwide market share of 26% in its history. The European Union, which is anticipated to ship 35 million tons in 2023–24, is expected to be the second-largest exporter, significantly behind the amount. According to the survey, the EU, Canada, Australia, and the US are all predicted to decrease wheat shipments, leaving Russia as the only major wheat exporter in the world expected to increase its outflow from the previous year. If this comes to be, Russia will export more than twice as much as it did ten years ago.

For over five years, it has been the sector chief in wheat exports. Russia invaded neighbor Ukraine, one of the pinnacle 10 exporters of wheat, years ago, and the struggle is still taking place. Surprisingly, Ukraine has managed to hold exports near its 5-year norm, notwithstanding Russia's concentration on port grain infrastructure on the Black Sea and the Danube River; this year's overall is anticipated to surpass 17 million heaps. The IGC said that weather-related manufacturing declines are predicted to bring about a decrease in wheat exports from Russia and Ukraine in 2024–2025. It is anticipated that worldwide shipments will drop to 196 million tons, or 4.5% lower, in the upcoming advertising and marketing year.

Conclusion

To conclude, the sector's wheat export market is ruled by a few key players who preserve an extensive share of the industry. The top 10 wheat exporters within the globe in 2023 are various nations, with particular strengths and benefits that make contributions to their fulfillment inside the global wheat market. These pinnacle wheat exporters, which include Russia, Australia, Canada, America, France, Ukraine, Romania, Poland, Germany, and Kazakhstan, play a critical role in assembling the global call for wheat and shaping the dynamics of global wheat exports.

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