![]() ![]() ![]() Thus, the statistics below present the deficit between the value of each country’s rice import purchases and its exports for that same commodity. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. The following countries posted the biggest negative net exports for rice during 2022. Countries Incurring Greatest Deficits Trading Rice In turn, this positive cashflow confirms India’s strong competitive advantage in selling rice on global markets. In 2022, India continued to be the leading exporter generating the highest surplus in the international trade of rice. Paraguay: $292.6 million (reversing a -$34,000 deficit). ![]() United States of America: $298.1 million (down -67.3%).India: US$10.8 billion (net export surplus up 11.8% since 2021).Thus, the statistics below present the surplus between the value of each country’s rice exports and its import purchases for that same commodity. The following countries posted the highest positive net exports for rice during 2022. Countries Generating Highest Surpluses Trading Rice India: US$10.8 billion (36.8% of total rice exports)īy value, the above 15 countries were responsible for 92% of globally exported rice in 2022.Īmong the above listed countries, the fastest-growing rice exporters since 2021 were Paraguay (up 91,003%), Brazil (up 83.1%), Uruguay (up 30.2%), Belgium (up 27%) and Spain (up 25.7%).Ī pair of top suppliers posted declines in their exported rice sales namely Vietnam (down -16.1%) and the United States of America (down -11.6%).The 15 countries listed below exported the highest dollar value worth of rice during 2022. Tinier percentages came from Africa (1.2%) and Oceania (0.8%) mostly Australia.įor research purposes, the 4-digit Harmonized Tariff System code prefix for rice is 1006. Exporters in Europe supplied 8.9% of the overall total, trailed by suppliers in Latin America (6.5%) excluding Mexico but including the Caribbean ahead of North America at 7.6%. The top 5 rice exporting countries (India, Thailand, Vietnam, Pakistan and the United States of America) generated approaching three-quarters (72.8%) of the global value for rice exports during 2022.įrom a continental perspective, over three-quarters (76.7%) of worldwide rice exports originated from Asian countries with shipments amounting to $22.4 billion during 2022. Over a 5-year timespan, the value of globally exported rice rose by 12.5% from the $26 billion worth of rice shipped during 2018. Vietnamese rice fieldWorldwide rice exports by country were worth a total US$29.3 billion in 2022, up by an average 8.7% for all exporting countries compared to 2021 when overall rice shipments were valued at $26.9 billion. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |