Wheat
U.S. Wheat Exports in 2024
Total Export Value
$5.83 Billion
Total Volume (Millions)
21.46 Metric Tons
3-Year Average
$6.74 Billion
Compound Average Growth
0.36% (2015-2024)
| Market | Total Value (USD) |
|---|---|
| Mexico | $1.05 Billion |
| Philippines | $728.31 Million |
| Japan | $532.32 Million |
| South Korea | $478.32 Million |
| China | $440.81 Million |
| Taiwan | $316.38 Million |
| European Union | $210.12 Million |
| Thailand | $197.93 Million |
| Indonesia | $197.76 Million |
| Nigeria | $149.87 Million |
Data and Analysis
FAS Manila increases its forecast for rough rice and corn production in Marketing Year (MY) 2025/26, supported by favorable weather and continued government support programs. Wetter weather conditions in the third quarter of 2025 and limited access to mechanical dryers have tempered the increase in rice and corn output in MY 2025/26.
Corn and wheat imports are projected to rise in the marketing year (MY) 2025/26, due to a more stable foreign exchange rate, improved consumer purchasing power, and lower world grain prices compared to the prior MY.
Jordan offers significant opportunities for U.S. exporters of wheat and barley due to its reliance on grain imports and its robust food security policies.
News and Features
Private exporters reported sales activity to Colombia, Nigeria, South Korea, and unknown destinations in MY 2025/2026.
Private exporters reported the following sales activity for MY 2024/2025: 130,000 MT of white wheat for delivery to South Korea and 20,000 MT of soybean oil for delivery to unknown destinations.