Wheat — Revealed comparative advantage index in Australia

Australia: Wheat — Revealed comparative advantage index was 5.33 in 2024. ▲ Rising

Latest (2024)
5.33
Change on year
down 23.4%
World rank
9th
of 132 countries
All-time high
6.96
in 2023
All-time low
2.66
in 2019
Years of data
15
2010–2024

Wheat — Revealed comparative advantage index in Australia, 2010–2024

02462010201720242010: 4.82011: 4.82012: 4.92013: 4.42014: 4.22015: 4.12016: 3.92017: 4.42018: 3.12019: 2.72020: 2.92021: 5.22022: 6.12023: 72024: 5.3

Source: Food and Agriculture Organization of the United Nations.

Analysis

Australia recorded 5.33 for wheat — revealed comparative advantage index in 2024.

That represents a change of down 23.4% on the previous year and up 26.0% over ten years.

Over the whole period, wheat — revealed comparative advantage index in Australia peaked at 6.96 in 2023 and was at its lowest, 2.66, in 2019.

Australia ranks 9th of 132 countries on this measure, in the top 10%.

The long-run direction has been consistently rising across the 15 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2010s 4.12 2.66 4.88 10
2020s 5.3 2.93 6.96 5

Countries ranked near Australia

  1. 6 Latvia 6.4 compare
  2. 7 Lithuania 5.74 compare
  3. 8 Republic of Moldova 5.5 compare
  4. 10 Canada 4.93 compare
  5. 11 Slovakia 3.15 compare
  6. 12 Estonia 3.05 compare

See the full ranking of 134 places →

More agriculture & rural data for Australia

All data for Australia →

Frequently asked questions

What is wheat — revealed comparative advantage index in Australia?
Wheat — revealed comparative advantage index in Australia was 5.33 in 2024, according to Food and Agriculture Organization of the United Nations.
What is the highest wheat — revealed comparative advantage index recorded in Australia?
The highest recorded value was 6.96 in 2023.
What is the lowest wheat — revealed comparative advantage index recorded in Australia?
The lowest recorded value was 2.66 in 2019.
How does Australia rank for wheat — revealed comparative advantage index?
Australia ranks 9th out of 132 countries with data for 2024.
Is wheat — revealed comparative advantage index rising or falling in Australia?
Over the last ten years it is up 26.0%. The long-run trend across the full record is rising.
Where does this Australia data come from?
The figures come from Food and Agriculture Organization of the United Nations, published as part of Wheat — Revealed comparative advantage index. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 15 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).

About this data

Indicator
Wheat — Revealed comparative advantage index
Source
Food and Agriculture Organization of the United Nations
Licence
CC BY-NC-SA 3.0 IGO (FAO)
Coverage
134 places, 1,602 data points, 2010–2024
Last refreshed

The food and agricultural trade indicators dataset is based on trade, production and gross domestic product (GDP) data. Agri-food trade data are collected, processed and disseminated by FAO according to the standard International Merchandise Trade Statistics (IMTS) Methodology. The data is mainly provided by UNSD, Eurostat, and other national authorities as needed. The source data is checked for outliers, trade partner data is used for non-reporting countries or missing cells, and data on food aid is added to take total cross-border trade flows into account. The trade database includes the following variables: export quantity, export value, import quantity, and import value. It includes all food and agricultural products imported/exported annually by all countries in the world. Production data details are available at https://www.fao.org/faostat/en/#data/QCL and GDP data details are available at https://www.fao.org/faostat/en/#data/MK