Russian And Ukrainian Wheat Exports, Global Import-Export Trade Data

 Russia is the largest global wheat exporter, accounting for 18% of worldwide exports, whereas Ukraine is the world's fifth-largest wheat producer, accounting for 8% of world exports. The worldwide wheat supply may be harmed when Russia assaults Ukraine.

As importers look for alternatives, financial sanctions or military intervention might have a big impact on food prices. Let's look at the wheat markets in Russia and Ukraine, as well as the potential impact of Russia's complete invasion of Ukraine on world wheat supplies.

Following the disintegration of the Soviet Union, the Russian government abolished trade restrictions, allowing farmers to enter the global market and invest in agricultural technologies. Russia is now the world's leading wheat exporter, accounting for 18% of global wheat exports. Following Russia are the United States, Canada, and France.

Ukraine is the world's fifth-largest wheat exporter, accounting for 8% of global exports. Following Ukraine are Australia, Argentina, Germany, Kazakhstan, and Poland.

 

Country	Value in USD (%)
Poland	2%
Canada	14%
Russia	18%
Australia	8%
Germany	5%
Kajakshtan	3%
Argentina	5%
United States	14%
Ukraine	8%
France	10%

The Black Sea is an important geoeconomic zone for Russia and Ukraine since agricultural and industrial exports are strongly reliant on the ports. Odesa, Kherson, and Mykolaiv are important international commerce ports for Ukraine.

Wheat and grain movements might be disrupted if there is a conflict, as the Black Sea transports 95 percent of Ukraine's wheat exports in 2020. Importers may look for alternatives because food prices are already high owing to inflation.

Quarterly Wheat Exports from Russia

Russia's wheat exports increased in every quarter of 2020, reaching US$ 4,111 million in the final quarter. Following a drop in wheat exports from Russia in the first quarter of 2021, the value of wheat shipments leaving Russia began to rise in subsequent quarters.

The table below depicts the dollar value of wheat exports from Russia from Q1 2020 to Q4 2021.

Egypt, Turkey, and Bangladesh purchased more than half of Russia's wheat, according to our database. Egypt is the world's largest wheat importer. Wheat is imported from both Russia and Ukraine.

Egypt spends about $4 billion every year to feed its population of over 100 million people. Turkey also buys a lot of wheat from Russia and Ukraine.

Russia’s Top Ten Wheat Export Partners 2021

Based on Russia Customs Import-Export Trade Data and statistics, Sudan (4%), Turkey (21%), United Arab Emirates (2%), Pakistan (4%), Egypt (23%), Bangladesh (5%), Tanzania (2%), Yemen (2%), Azerbaijan (4%), and Nigeria (3%) were Russia’s top 10 wheat export partners in 2021.

 

Country	Value in USD ($)	Year
Bangladesh	$408 Million	2021
Egypt	$1,796 Million	2021
Turkey	$1,686 Million	2021
Yemen	$174 Million	2021
United Arab Emirates	$146 Million	2021
Tanzania	$154 Million	2021
Nigeria	$207 Million	2021
Pakistan	$277 Million	2021
Sudan	$282 Million	2021
Azerbaijan	$284 Million	2021

 Ukraine’s Top Ten Wheat Export Partners

As per Ukraine’s import-export trade data, Indonesia (15%), Morocco (6%), Philippines (3%), Bangladesh (8%), Egypt (17%), Yemen (4%), Pakistan (7%), Tunisia (5%), Lebanon (4%), and Turkey (6%) were Ukraine’s top 10 wheat export partners in 2021.

 

Country	Value in USD ($)	Year
Lebanon	$133 Million	2021
Philippines	$118 Million	2021
Egypt	$610 Million	2021
Pakistan	$258 Million	2021
Tunisia	$194 Million	2021
Morocco	$196 Million	2021
Indonesia	$543 Million	2021
Yemen	$144 Million	2021
Bangladesh	$294 Million	2021
Turkey	$208 Million	2021

Wheat is the world's second-most-produced grain, behind maize. It has been farmed by humans for ages and is used to make bread, pasta, and other packaged foods.

Other commodities, including edible oils, petroleum crude oil, metals, chemicals, and machinery, may potentially be harmed as a result of Russia's ongoing military campaign on Ukraine.

 

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Export Performance Of Sri Lanka In The Year 2021, Sri Lanka Import-Export Data

 According to figures issued by Sri Lanka Customs and as per Sri Lanka Import-Export Trade Data, Sri Lanka's merchandise exports climbed by 16.71 percent to US$ 1,125.69 million in December 2021 compared to December 2020. In comparison to December 2019, there was a 12.48 percent rise in December 2021.

In December of this year, exports remained above one billion dollars for the sixth month in a row.

Hon. Trade Minister, Dr. Bandula Gunawardena, releasing the latest preliminary figures, praised exporters' contributions to the economy despite the extraordinary economic difficulties they faced, promising greater help to meet the $ 20 billion objectives this year.

Sri Lanka Export Summary of December 2021

Based on Sri Lanka Export Data, Apparel & Textile export earnings climbed 17.88 percent y-o-y to $ 531.05 million in December 2021, owing to excellent success in Apparel (17.56 percent) and Woven Fabrics exports (86.18 percent ). Exports of Made-Up Textile Articles fell by 31.14 percent year over year in December 2021 compared to December 2020.

Rubber and Rubber Finished Products export earnings climbed 17.57 percent year over year to $ 93.49 million in December 2021, thanks to good performance in shipments of Pneumatic and Retreated Rubber Tyres and Tubes (39.92 percent ).

Export profits of kernel goods, fiber products, and shell products classified as Coconut based grew by 30.15 percent, 6.3 percent, and 46.3 percent, respectively, in December 2021 compared to December 2020, according to the Sri Lanka export data list.

Export earnings from Coconut Oil, Desiccated Coconut, Coconut Milk powder, Coconut cream, and Liquid Coconut Milk, all of which fall under the category of Coconut Kernel Products, increased by 8.15 percent, 50.62 percent, 40.27 percent, 18.69 percent, and 33.98 percent in December 2021, respectively.

Coco Peat, Fiber Pith, and Molded Goods, which are classed under the Coconut fiber products category, rose by 8.83 percent to US$ 11.96 Mn in December 2021 compared to December 2020, making it the highest contributor to the Coconut based industry. In December 2021, earnings from Activated Carbon, which is classified as a Coconut shell product, climbed by 47.07 percent to US$ 14.68 million, compared to December 2020 according to Sri Lanka export data 2020.

Food and beverage export earnings climbed 40.71 percent to US$ 38.78 million in December 2021, compared to December 2020. This rise is mostly attributable to an increase in processed food exports (73.54 percent) and animal feed exports (57.81 percent ).

Electrical & Electronics Components export profits climbed 2.16 percent year over year to US$ 36.94 million in December 2021, owing to good performance in exports of Insulated wires & cables (23.87 percent), Switches, Boards & Panels (27.21 percent), and Electrical Transformers (64.8 percent ).

Sri Lanka export data list contains the names of its top export trading partner countries from all over the globe.

Spices & Concentrates export profits grew 32.48 percent year over year to US$ 43.98 million in December 2021, with Cinnamon (10.67 percent) and Pepper (10.67 percent) showing particularly robust growth (92.09 percent ).

When compared to December 2020, Seafood export revenues grew by 85.13 percent to US$ 26.64 million in December 2021. The rise was mostly due to higher revenues from the export of frozen fish (109.47%), shrimp and prawns (46.05%), fresh or chilled fish (105.47%), and other edible fish (55.07 percent ).

Furthermore, compared to December 2020, export revenues from ornamental fish surged by almost 100 percent to US$ 2.07 million in December 2021.

Major Exports of Sri Lanka During Jan-Dec 2021

Exports of Sri Lanka list 2020-2021,

Exported Goods	Jan-Dec 2020 Value in USD ($)	Jan-Dec 2021 Value in USD ($)	Growth in % (2020-2021)
Apparel & Textile	4,406	5,415.92	22.93%
Tea	1,241	1,324.38	6.72%
Rubber-based	816	1092.60	33.87%
Coconut-based	665	836.10	25.81%
Diamond, gems and jewelry	148	292.49	97.32%
Electronics and electronic components	328	421.42	28.38%
Spices and concentrates	335	456.71	36.14%
Processes food and beverages	351	443.98	26.36%
Seafood	190	274.07	44.40%
Ornamental Fish	13	20.97	60.94%
Vegetables	26	27.44	6.60%
Fruits	36	39.46	10.66%
Other export crops	68	68.58	1.46%
Flowers and foliage	13	16.20	28.47%
Boatbuilding	2	37.81	1482.01
Petroleum products	272	234.36	-13.77%
Other	1,137	1,472.80	29.53%
Total Merchandise exports	10,047	12,475.29	24.17%

Buy Sri Lanka export data year wise to gain insights into the trade activity of Sri Lanka exports that take place in this country throughout the year. Sri Lanka import-export trade data aid businesses, traders, and manufacturers from all around the globe in their business-related decision-making processes.

Sri Lanka trade statistics help you evaluate the overall supply, trends, and demand in the Sri Lankan trade market. This allows you to form your import-export business trade strategy based on the market demands and trends offering you grab more potential business opportunities for your global import-export trade business.

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