World - Wheat - Market Analysis, Forecast, Size, Trends and Insights
Wheat Market - The U.S. Remains the Largest Global Wheat Exporter Despite 26% Drop
The U.S. dominates in the global wheat trade. In 2014, the U.S. exported X thousand tonnes of wheat totaling X million USD, X% under the previous year. Its primary trading partner on the global wheat market was Japan, where it supplied X% of its total wheat exports in value terms, accounting for X% of Japan's total imports.
From 2007 to 2014, the U.S. was a net exporter of wheat. Over this period, exports consistently exceeded imports in value terms. However, in physical terms, the difference was less pronounced.
Canada and France were among the other main global suppliers of wheat in 2014. However, the fastest growing exporters from 2007 to 2014 were Ukraine (+X% per year) and Romania (+X% per year). Still, it was Canada that strengthened its position in the global export structure.
The U.S.'s top X trading partners in 2014 were Japan, Mexico, Brazil, Nigeria and Philippines, with a combined X% share of U.S. wheat exports. The share of Brazil increased (+X percentage points), and the shares of the remaining U.S. partners demonstrated modest growth.
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