As of 2023, the leading wheat-exporting countries by export value are:
- Russia: $9.5 billion (16% of global wheat exports)
- Australia: $9.33 billion (15.8%)
- Canada: $8.8 billion (15%)
- United States: $6.1 billion (10.4%)
- France: $4 billion (6.7%)
These five nations collectively account for approximately 64% of the world’s wheat exports.
Other notable wheat exporters include:
- Ukraine: $2.9 billion (5%)
- Romania: $2.2 billion (3.8%)
- Poland: $2 billion (3.3%)
- Germany: $1.94 billion (3.3%)
- Kazakhstan: $1.85 billion (3.1%)
These countries play significant roles in the global wheat trade, contributing to the diversity and stability of wheat supply worldwide.
As of November 7, 2024, Russia has maintained its position as a leading wheat exporter, with significant shipments to various countries. While specific monthly export volumes from January 2024 to date are not publicly available, the following information provides an overview of Russia’s wheat export landscape:
Key Export Destinations:
- Turkey: Historically, Turkey has been a major importer of Russian wheat. In the 2023/24 marketing year, Turkey imported approximately 7 million metric tons of Russian wheat, a decrease from 9.2 million metric tons in the previous season.
- Egypt: Another significant importer, Egypt, imported about 8.2 million metric tons of Russian wheat in the 2023/24 marketing year, slightly down from 8.7 million metric tons in the prior year.
- Bangladesh: The United States Department of Agriculture (USDA) estimates that Russia will export a record 54 million metric tons in the 2023/24 marketing year, with Bangladesh among the top trading partners.
Export Trends:
- Record Exports: Russia set a new wheat export record in the 2023/24 marketing year, with total export volumes exceeding 55.4 million metric tons, a 24% increase from 44.7 million metric tons in the 2022/23 marketing year.
- Market Share: Russia’s share of the global wheat market has expanded, accounting for approximately 18% of the world’s supply.