Wheat Export from India - Analysis by Exim pedia

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Since the country's embargo on the export of the grain on May 13, according to Food Secretary Sudhanshu Pandey, India has sold 1.8 million tonnes of wheat to a dozen or more nations, including Bangladesh and Afghanistan.

In contrast to the commitment of 50,000 tonnes, about 33,000 tonnes of wheat have already been given to Afghanistan as humanitarian aid.

During the fiscal year 2021–2022, India exported a record 7 million tonnes of wheat, compared to its usual 2 million tonnes, or around 1% of the world's wheat trade.

Can India export a lot of wheat?

In the year ending in March 2022, India, the world's second-largest producer of wheat, exported an unprecedented 8.2 million tonnes.

In the current fiscal year, which ends in March 2023, the government asserted that India may export anywhere between 10 and 15 million tonnes.

Imports of wheat by the nation

The top 15 wheat-importing nations in terms of dollar value in 2021 are listed below.

  1. Southeast Asia: (6.1 percent of total imported wheat)
  2. The African nation of Nigeria (4.7 percent )
  3. China: (4.6 percent )
  4. Turkey (4.6 percent )
  5. Egypt: (4.2 percent ) 
  6. The country of Algeria (4 percent )
  7. Italy: (3.9 percent )
  8. Bangladesh: (3.3 percent )
  9. Philippines (3.3 percent )
  10. Japan: (3 percent )
  11. Brazil (2.8 percent )
  12. Morocco (2.7 percent )
  13. Mexico (2.3 percent )
  14. Korea, South (2.3 percent )
  15. Vetnam (2.2 percent )

The above-mentioned nations with the fastest-growing wheat markets since 2020 were Vietnam (up 57.1%), Bangladesh (up 52.1%), Algeria (up 41.9%), and South Korea (up 39 percent ).

Egypt, with a year-over-year slowdown of -8.5 percent, was the only country whose imports of wheat decreased.

The top 15 nations on list paid $54.2 billion for total wheat imports in 2021.

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