Wheat — Terms of trade in United Kingdom of Great Britain and Northern Ireland

United Kingdom of Great Britain and Northern Ireland: Wheat — Terms of trade was 118.75 % in 2024. ▲ Rising

Latest (2024)
118.75 %
Change on year
up 11.0%
World rank
14th
of 80 countries
All-time high
120.4 %
in 2021
All-time low
91.21 %
in 2011
Years of data
15
2010–2024

Wheat — Terms of trade in United Kingdom of Great Britain and Northern Ireland, 2010–2024

02550751001252010201720242010: 95.8 %2011: 91.2 %2012: 100.1 %2013: 109.8 %2014: 97.3 %2015: 100.9 %2016: 102.8 %2017: 111.9 %2018: 119.7 %2019: 100.9 %2020: 116 %2021: 120.4 %2022: 108.2 %2023: 107 %2024: 118.8 %

Source: Food and Agriculture Organization of the United Nations. Measured in %.

Analysis

The most recent figure for wheat — terms of trade in United Kingdom of Great Britain and Northern Ireland is 118.75 %, measured in 2024.

The figure is up 11.0% on the previous year and up 22.0% over ten years.

Over the whole period, wheat — terms of trade in United Kingdom of Great Britain and Northern Ireland peaked at 120.4 % in 2021 and was at its lowest, 91.21 %, in 2011.

That places United Kingdom of Great Britain and Northern Ireland 14th out of 80 countries with data for 2024, putting it in the top quarter.

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

Wheat — Terms of trade in United Kingdom of Great Britain and Northern Ireland, year by year

Annual values for Wheat — Terms of trade in United Kingdom of Great Britain and Northern Ireland, 2010 to 2024.
Year % Change
2010 95.81 %
2011 91.21 % -4.8%
2012 100.08 % +9.7%
2013 109.75 % +9.7%
2014 97.32 % -11.3%
2015 100.87 % +3.6%
2016 102.81 % +1.9%
2017 111.89 % +8.8%
2018 119.7 % +7.0%
2019 100.89 % -15.7%
2020 115.95 % +14.9%
2021 120.4 % +3.8%
2022 108.24 % -10.1%
2023 107.03 % -1.1%
2024 118.75 % +11.0%

Averages by decade

DecadeAverage LowestHighest Years
2010s 103.03 % 91.21 % 119.7 % 10
2020s 114.07 % 107.03 % 120.4 % 5

Countries ranked near United Kingdom of Great Britain and Northern Ireland

  1. 11 Mexico 139.02 % compare
  2. 12 Bulgaria 126.23 % compare
  3. 13 Slovakia 122.47 % compare
  4. 15 Portugal 118.24 % compare
  5. 16 Luxembourg 116.05 % compare
  6. 17 Estonia 114.66 % compare

See the full ranking of 86 places →

More agriculture & rural data for United Kingdom of Great Britain and Northern Ireland

All data for United Kingdom of Great Britain and Northern Ireland →

Frequently asked questions

What is wheat — terms of trade in United Kingdom of Great Britain and Northern Ireland?
Wheat — terms of trade in United Kingdom of Great Britain and Northern Ireland was 118.75 % in 2024, according to Food and Agriculture Organization of the United Nations.
What is the highest wheat — terms of trade recorded in United Kingdom of Great Britain and Northern Ireland?
The highest recorded value was 120.4 % in 2021.
What is the lowest wheat — terms of trade recorded in United Kingdom of Great Britain and Northern Ireland?
The lowest recorded value was 91.21 % in 2011.
How does United Kingdom of Great Britain and Northern Ireland rank for wheat — terms of trade?
United Kingdom of Great Britain and Northern Ireland ranks 14th out of 80 countries with data for 2024.
Is wheat — terms of trade rising or falling in United Kingdom of Great Britain and Northern Ireland?
Over the last ten years it is up 22.0%. The long-run trend across the full record is rising.
Where does this United Kingdom of Great Britain and Northern Ireland 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.

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Wheat — Terms of trade in United Kingdom of Great Britain and Northern Ireland. Statizoid, drawing on Food and Agriculture Organization of the United Nations. Retrieved 17 September 2026, from https://agriculture.statizoid.com/stat/wheat-terms-of-trade/united-kingdom-of-great-britain-and-northern-ireland/

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About this data

Indicator
Wheat — Terms of trade
Unit
%
Source
Food and Agriculture Organization of the United Nations
Licence
CC BY-NC-SA 3.0 IGO (FAO)
Coverage
86 places, 1,204 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