Top Export Import Cereals Product Demand Worldwide
The global trade in cereals is a key driver of the world economy, with countries around the world importing and exporting these staple products to meet the demands of their populations. In recent years, the demand for cereals has been on the rise, driven by a growing population and changing dietary preferences.
According to recent data from the United Nations, the top cereals exported globally in 2020 were wheat, maize, and rice. Wheat was the most exported cereal, accounting for more than 180 million tons, followed by maize at 147 million tons and rice at 46 million tons.
The top exporters of wheat were Russia, the United States, and Canada, while the top importers were Egypt, Indonesia, and Bangladesh. The United States, Brazil, and Argentina were the top exporters of maize, while the top importers were China, Mexico, and Japan. India, Thailand, and Vietnam were the top exporters of rice, while the top importers were Nigeria, China, and the Philippines.
In addition to these three cereals, other popular cereals in global trade include barley, sorghum, and oats. Barley is commonly used for animal feed and brewing beer, while sorghum is used for both human consumption and animal feed. Oats are often used for breakfast cereals and granola bars.
The demand for cereals is expected to continue to rise in the coming years, driven by population growth, changing dietary preferences, and increasing demand for animal feed. This growth in demand is expected to result in increased investments in the agriculture sector, as well as innovations in farming practices and technologies to increase yields and efficiency.
Cereals continue to be a key component of global trade, with wheat, maize, and rice being the most commonly traded cereals. The demand for these cereals is expected to increase in the coming years, creating opportunities for farmers and exporters alike.