Wheat
U.S. Wheat Exports in 2024
Total Export Value
$5.87 Billion
Total Volume (Millions)
21.57 Metric Tons
3-Year Average
$6.76 Billion
Compound Average Growth
0.42% (2015-2024)
| Market | Total Value (USD) |
|---|---|
| Mexico | $1.05 Billion |
| Philippines | $735.71 Million |
| Japan | $582.76 Million |
| China | $482.26 Million |
| South Korea | $480.2 Million |
| Taiwan | $324.97 Million |
| European Union | $209.42 Million |
| Thailand | $197.93 Million |
| Indonesia | $148.51 Million |
| Nigeria | $147.97 Million |
Data and Analysis
Major bulk commodities, as a share of total U.S. agricultural exports, have risen and fallen dramatically since 2020. Beyond short-term price volatilities that have largely driven these developments, changes to the largest overseas market and an increasingly competitive landscape also affect the prospect for major U.S. bulk exports.
Post doe snot anticipate major changes to forecast and estimate for Algeria's cereal production. Post anticipates that Algeria's wheat imports will surpass nine million metric tons (MMT) next season.
In 2024, Taiwan was the eighth-largest market for U.S. agricultural exports, valued at $3.8 billion, 16 percent greater than 5 years ago. The top five U.S. agricultural exports to Taiwan are beef and beef products, soybeans, corn, wheat, and fresh fruits.
News and Features
Private exporters reported the following sales activity for MY 2024/2025: 130,000 MT of white wheat for delivery to South Korea and 20,000 MT of soybean oil for delivery to unknown destinations.
Private exporters reported the following sales activity for MY 2024/2025: 131,000 MT of soybeans for delivery to China and 120,000 MT of soft red winter wheat for delivery to Mexico.
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