The total value of global agricultural exports in 2023 was USD 1.91 trillion, accounting for approximately 8% of global merchandise trade. The 2023 total was approximately 1.7 times larger than that of 2010 in nominal terms, but a slight decrease of 0.3% from 2022.
The largest single agricultural trade product in 2023 was Meat & Meat Preparations, of which global exports in 2023 amounted to USD 188 billion, followed by Fruit (USD 149 billion) and Beverages (USD 135 billion).
Other prominent products among the top ten traded agricultural commodities are Oilseeds, including rapeseed, sunflower seeds and groundnuts (USD 123 billion); Vegetables (USD 105 billion); Dairy Products (USD 98 billion); Food Preparations (USD 93 billion) and Soybeans (USD 93 billion). The ninth- and tenth-most traded commodities were cereals, specifically Wheat (USD 59 billion) and Maize (USD 53 billion).
The prominence of meat exports reflects sustained global demand, particularly for poultry, beef and pork. Fruit exports are dominated by high-value items such as tropical fruits, apples and bananas. Beverages encompass diverse products, including coffee, tea, wine and spirits.
The U.S. is the world’s largest agricultural exporter by value, with exports in 2023 totalling USD 171 billion; it is also the second-largest importer at USD 195 billion, behind China (USD 214 billion), the seventh-largest exporter.
Among the ten largest exporters are Brazil and Canada in the Americas, and the Netherlands, Germany, France, Spain, Italy and Belgium in Europe. Apart from Brazil and Canada, these countries also comprise the world’s ten largest agricultural importers, alongside the U.K. and Japan.
For more information, see ANDAMAN PARTNERS’ detailed analysis of global agriculture and trade, Global Agriculture: Producing and Trading the World’s Food and Strategic Implications for Agribusiness Executives.
ANDAMAN PARTNERS supports international business ventures and growth. We help launch global initiatives and accelerate successful expansion across borders. If your business, operations or project requires cross-border support, contact connect@andamanpartners.com.
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