Argentina's wheat exports to reach record high in FY 23

 

Argentina's wheat exports to reach

Wheat is an important agri export commodity of Argentina. Argentina is ranked the 7th largest exporter in the world. It covers over 6.4% of global wheat exports share. Around 60% of Argentina's wheat is exported.

According to the Argentina import export data reports, around 11 million metric tonnes of wheat was exported during the financial year 2022. During this period, Argentina's wheat exports totaled 3.2 billion dollars. There was around 5% increase in Argentina's wheat exports as compared to last year's 2.75 billion dollars exports.


As per Argentina customs data records, Brazil was the leading wheat importing country from Argentina with over 53% share of total imports. Whereas Chile, Morocco, Nigeria, Kenya, Indonesia, Ecuador, Algeria and Peru were other emerging markets for Argentina's wheat exports.


On the other hand, Argentina import data suggests that the United States is the top wheat exporter to Argentina with over 55% share of total imports. Spain, United Arab Emirates, Italy and France are other major markets that exports wheat to Argentina.


Argentina is ranked 4th largest soybean exporter in the world. For the financial year 2022, Argentina's soybean exports were estimated around 24 million dollars which is quite lowest in the last 20 years. Argentina exports soybean to China, Egypt, the United States, Russia and Malaysia.



Argentina is the second leading corn exporting country. During the financial year 2022, Argentina's corn imports declined by 9.5 billion dollars. Vietnam, South Korea, Egypt, Peru & Malaysia were the major markets for imports of corn by Argentina.


This year, Argentina's wheat production has been affected due to less rainfall. Due to which Argentina's wheat exports are expected to reach 13 million metric tons as compared to record 21 million metric tons last year. A data based approach can take you ahead of your competition.

Meat and diary products are other important categories among Argentina's top agri exports. In 2022, it was estimated around 5.5 billion dollars with 20% rise in exports. Whereas Argentina's Barley, Sunflower and Sorghum exports saw 41% increase. 


According to the Argentina export data, the exports of these products recorded to be 3.6 billion dollars in FY22. The top destinations for export of these goods were China, Colombia, Brazil, and Peru.


Whereas, Argentina is facing stiff competition from Chile, Bolivia and China. In 2022, Argentina made these imports from Uruguay, Germany, Brazil, United Arab Emirates and France. Bad rainfall and severe drought will affect this year’s exports of Sunflower, Sorghum and Barley from Argentina.


Argentinian wheat suppliers can now expand their exports to the global market with the help of an expert market intelligence tool, Exim GTIS. This platform offers some exclusive features like trends reports, global importers list, exporters list, ports data, top 10 performing markets list, advance search, etc.


You can explore opportunities in over 200+ markets through exclusive import export data reports.It could help Argentinian wheat buyers & suppliers to craft result centric marketing strategies and make better financial decisions on market risks,  identifying demand, supply, potential clients, pricing and competitor analysis.


Double your wheat exports and maximize your ROI with the help of Exim Global import export data provider Platform.

Comments

Post a Comment

Popular posts from this blog

Germany, "The leading cheese importer in the world"

Image
  Germany is the world's biggest cheese exporter. Although, during last year, Germany's cheese exports declined by 7% to 36 million pounds. According to Germany import export data reports, Germany's cheese exports were recorded to be $6 billion during the financial year 2023. Italy was the top destination for Germany's cheese exports in 2023 accounting for over $1 billion worth.  Along with Italy, Netherlands and France were other major importers of cheese from Germany for over $750 million and $480 million worth of cheese imports. Among the fastest growing markets for Germany's cheese exports were Austria, Spain, Belgium, Romania, Greece and Poland responsible for significant growth in cheese imports. Gebruder Woerle Ges, Uhrenholt, and Bayernlan were the top cheese export companies from Germany with maximum number of shipments last year. Caseificio Ghidetti from Italy, Lactima from Poland, Quillayes from Chile, and Kosmonte foods from Kosovo were the top cheese i
Read more

Turkey's wire rod exports fell by 55% in 2023

Image
  Turkey is a prominent steel industry. It is the 8th largest importer of steel globally. Whereas, it is ranked 4th leading steel exporter in the world. Steel industry covers over 8.3% share in Turkey’s overall exports.   As per Turkey customs data reports, the country’s overall steel exports were estimated to be around $19.6 billion during 2022. However, it fell by 17% as compared to $23 billion in 2021. The European Union holds the maximum share in Turkey’s steel exports.   In 2022, the EU imported around 5.9 million tonnes of steel from Turkey with over 25% share. After European countries, Turkey exports the majority of its steel to North Africa and Latin American nations. Whereas per Turkey import data , the country’s steel saw a minimal increase of 1.5% as compared to last year. During 2022, Turkey steel imports stood around $18 billion while it was $17 billion in 2021. Turkey's major steel exports commodities includes rebar, angels, sect profiles, wire rod, alloy bars, wires
Read more

India's yarn exports fell by 15% in 2023

Image
  India is a prominent yarn exporter in the global market. India is the second largest yarn exporter in the world after China. According to the India import export data reports, India was responsible for over $7.3 billion worth of yarn exports against the $15 billion exports from China. Bangladesh is the leading importer of Indian yarn followed by Vietnam and Peru.  India’s yarn exports include various commodities like cotton, silk, RMG, apparel accessories. In terms of cotton exports, India has always been an important market. It was a top exporter destination for many years. But during the fiscal year 2022, India has become the 5th biggest cotton exporting country in the world.  As per India export data , India was responsible for over 250 MT of cotton exports in 2022. There was a massive decline in the country's cotton exports. As, the exports are falling to 30% on a yearly basis. During the first six months of 2023, the country's exports were estimated to be $1.3 billion w
Read more