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
A large portion of Australia’s winter cropping area is well-positioned, heading into the forecast year. In New South Wales, Queensland, and Western Australia, early seasonal conditions are favorable, indicating potential for strong wheat and barley production.
New Zealand’s grain and feed sector is relatively small on a global scale, producing around 2.1 million metric tons (MMT) annually, well below the country’s total demand for feed, leading to the import of approximately 60 percent of its grain and feed needs.
Malaysia relies on imports to satisfy local demand for grain commodities including rice, corn, and wheat.
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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