Wheat — Terms of trade by country
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,...
What the numbers show
Wheat — Terms of trade is currently reported for 85 countries. The highest value is 3,610 % in Georgia; the lowest is 0.59 % in Chile.
The median across all reporting countries is 93.75 %, and the mean is 177.75 %.
The gap between the highest and lowest reporting country is a factor of about 6,118.
Over the past decade 35 countries rose and 43 fell. The largest increase was in Georgia (up 3,979.2%), and the largest decrease in Namibia (down 95.2%).
Wheat — Terms of trade: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Georgia | 3,610 % | 2024 | up 3,979.2% | volatile |
| 1 | Republic of Moldova | 114.22 % | 2024 | up 3.1% | volatile |
| 2 | Trinidad and Tobago | 3,170 % | 2024 | up 1,998.8% | volatile |
| 2 | United Republic of Tanzania | 86.08 % | 2024 | down 9.2% | volatile |
| 3 | Zambia | 540.86 % | 2024 | up 2,238.3% | volatile |
| 3 | Iran (Islamic Republic of) | 83 % | 2022 | up 619.9% | volatile |
| 4 | Burundi | 534.09 % | 2021 | — | volatile |
| 4 | Türkiye | 74.69 % | 2024 | down 20.7% | rising |
| 5 | Armenia | 232.09 % | 2024 | up 101.1% | volatile |
| 5 | Viet Nam | 17.31 % | 2023 | down 92.3% | volatile |
| 6 | Uruguay | 226.28 % | 2023 | up 4.5% | falling |
| 7 | Thailand | 218.23 % | 2024 | up 39.1% | volatile |
| 8 | Zimbabwe | 181 % | 2024 | up 21.8% | volatile |
| 9 | China, mainland | 164.53 % | 2024 | up 66.3% | rising |
| 10 | Lesotho | 163.91 % | 2024 | — | volatile |
| 11 | Mexico | 139.02 % | 2024 | up 58.9% | rising |
| 12 | Bulgaria | 126.23 % | 2024 | up 21.2% | rising |
| 13 | Slovakia | 122.47 % | 2024 | down 1.8% | falling |
| 14 | United Kingdom of Great Britain and Northern Ireland | 118.75 % | 2024 | up 22.0% | rising |
| 15 | Portugal | 118.24 % | 2024 | up 19.1% | rising |
| 16 | Luxembourg | 116.05 % | 2024 | up 13.3% | rising |
| 17 | Estonia | 114.66 % | 2024 | up 28.4% | rising |
| 18 | Denmark | 114.41 % | 2024 | up 10.8% | flat |
| 19 | Peru | 114.1 % | 2024 | up 25.3% | volatile |
| 20 | North Macedonia | 113.15 % | 2024 | up 14.6% | falling |
| 21 | Austria | 112.83 % | 2024 | up 16.5% | rising |
| 22 | Czechia | 112.56 % | 2024 | down 0.8% | rising |
| 23 | Italy | 112.16 % | 2024 | up 15.9% | rising |
| 24 | New Zealand | 111.69 % | 2024 | up 83.6% | volatile |
| 25 | Guatemala | 110.54 % | 2024 | up 14.2% | volatile |
| 26 | Canada | 110.53 % | 2024 | down 22.5% | rising |
| 27 | Israel | 110 % | 2024 | up 8.6% | rising |
| 28 | Belarus | 109.56 % | 2021 | down 63.3% | volatile |
| 29 | Finland | 107.85 % | 2024 | down 5.6% | rising |
| 30 | Latvia | 107.56 % | 2024 | down 0.6% | rising |
| 31 | Belgium | 106.22 % | 2024 | up 4.2% | flat |
| 32 | Slovenia | 105.96 % | 2024 | up 4.1% | rising |
| 33 | Romania | 105.68 % | 2024 | up 3.8% | rising |
| 34 | Spain | 104.82 % | 2024 | up 5.2% | rising |
| 35 | Sri Lanka | 100.26 % | 2024 | up 6.5% | falling |
| 36 | Ireland | 100.25 % | 2024 | up 5.4% | rising |
| 37 | Germany | 98.12 % | 2024 | down 4.4% | flat |
| 38 | Netherlands (Kingdom of the) | 97.63 % | 2024 | down 5.5% | rising |
| 39 | Hungary | 95.17 % | 2024 | down 12.4% | rising |
| 40 | Croatia | 95.09 % | 2024 | down 8.5% | rising |
| 41 | India | 95.04 % | 2024 | up 12.7% | falling |
| 42 | Ukraine | 93.75 % | 2024 | down 2.5% | volatile |
| 43 | Poland | 93.51 % | 2024 | down 2.5% | flat |
| 44 | Sweden | 93.43 % | 2024 | down 4.9% | falling |
| 45 | Greece | 92.31 % | 2024 | down 5.8% | rising |
| 46 | Kuwait | 91.95 % | 2021 | — | volatile |
| 47 | South Africa | 81.35 % | 2024 | down 3.4% | falling |
| 48 | France | 81.25 % | 2024 | down 22.0% | falling |
| 49 | Brazil | 81.06 % | 2024 | down 31.9% | flat |
| 50 | Jordan | 79.84 % | 2021 | up 29.5% | falling |
| 51 | Switzerland | 79.63 % | 2024 | down 14.4% | falling |
| 52 | Bosnia and Herzegovina | 77.55 % | 2024 | down 22.0% | falling |
| 53 | Kazakhstan | 77.34 % | 2024 | down 24.5% | rising |
| 54 | United Arab Emirates | 77.04 % | 2023 | down 5.9% | rising |
| 55 | Kenya | 76.6 % | 2023 | down 34.6% | falling |
| 56 | Serbia | 73.91 % | 2024 | down 61.1% | falling |
| 57 | Dominican Republic | 71.14 % | 2024 | down 54.6% | volatile |
| 58 | Saint Vincent and the Grenadines | 69.39 % | 2022 | — | volatile |
| 59 | China, Taiwan Province of | 69.05 % | 2024 | down 29.0% | volatile |
| 60 | Cyprus | 67.91 % | 2024 | down 16.4% | volatile |
| 61 | Malaysia | 65.44 % | 2024 | down 36.2% | falling |
| 62 | Russian Federation | 65.19 % | 2021 | down 32.5% | falling |
| 63 | Argentina | 52.58 % | 2024 | down 45.7% | volatile |
| 64 | Guyana | 52.17 % | 2019 | — | volatile |
| 65 | Lebanon | 51.19 % | 2024 | down 44.1% | falling |
| 66 | Lithuania | 50.47 % | 2024 | down 50.1% | falling |
| 67 | Mozambique | 48.79 % | 2024 | down 37.9% | volatile |
| 68 | Ghana | 46.04 % | 2023 | — | volatile |
| 69 | Ethiopia | 45.56 % | 2022 | up 180.4% | volatile |
| 70 | Yemen | 43.35 % | 2019 | up 102.4% | volatile |
| 71 | Australia | 39.8 % | 2024 | down 60.0% | flat |
| 72 | Pakistan | 36.32 % | 2020 | up 118.4% | volatile |
| 73 | Republic of Korea | 34.96 % | 2024 | down 42.8% | volatile |
| 74 | Uganda | 33.18 % | 2024 | down 76.1% | volatile |
| 75 | Paraguay | 29.18 % | 2024 | down 81.6% | falling |
| 76 | Singapore | 28.07 % | 2024 | down 73.6% | volatile |
| 77 | Morocco | 19.71 % | 2023 | — | rising |
| 78 | Namibia | 9.39 % | 2024 | down 95.2% | volatile |
| 79 | Senegal | 6.32 % | 2024 | down 94.2% | volatile |
| 80 | Chile | 0.59 % | 2024 | down 95.1% | volatile |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- United States of America 85.75 %
About this data
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