Wheat — Terms of trade in Australia
Australia: Wheat — Terms of trade was 39.8 % in 2024. ▬ Flat
Wheat — Terms of trade in Australia, 2010–2024
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
In 2024, wheat — terms of trade in Australia stood at 39.8 %. That is the lowest value across all 15 years on record.
The figure is down 17.5% on the previous year and down 60.0% over ten years.
Over the whole period, wheat — terms of trade in Australia peaked at 229.98 % in 2020 and was at its lowest, 39.8 %, in 2024.
That places Australia 71st out of 80 countries with data for 2024, putting it in the bottom quarter.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 107.84 % | 65.21 % | 226.96 % | 10 |
| 2020s | 102.86 % | 39.8 % | 229.98 % | 5 |
Countries ranked near Australia
- 68 Ghana 46.04 % compare
- 69 Ethiopia, The Federal Democratic Republic of 45.56 % compare
- 70 Yemen, Republic of 43.35 % compare
- 72 Pakistan 36.32 % compare
- 73 Republic of Korea 34.96 % compare
- 74 Uganda 33.18 % compare
More agriculture & rural data for Australia
- Agriculture, forestry, and fishing, value added (current US$), annual 13.97 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 0.0227 current US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 1,476 current US$ per person (2025)
- Rural population, annual growth rate 0.5855 % change on previous year (2025)
- Rural population, per unit of GDP 0 units per US$ of GDP (2025)
- Rural population, per capita 0.1228 units per person (2025)
- Agriculture share gdp 2.27 (2025)
- Value added in the agricultural sector as of gdp vs gdp per capita 2.27 (2025)
- Agricultural raw materials exports 1.7% (2025)
- Agricultural raw materials imports 0.5% (2025)
Frequently asked questions
- What is wheat — terms of trade in Australia?
- Wheat — terms of trade in Australia was 39.8 % in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest wheat — terms of trade recorded in Australia?
- The highest recorded value was 229.98 % in 2020.
- What is the lowest wheat — terms of trade recorded in Australia?
- The lowest recorded value was 39.8 % in 2024.
- How does Australia rank for wheat — terms of trade?
- Australia ranks 71st out of 80 countries with data for 2024.
- Is wheat — terms of trade rising or falling in Australia?
- Over the last ten years it is down 60.0%. The long-run trend across the full record is flat.
- Where does this Australia data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Wheat — Terms of trade. 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
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