The global corn export market in 2024 shows Brazil leading with a share of 27.55%, followed by the United States at 26.4%, and Argentina at 20.54%. Ukraine and Russia hold significant shares of 10.02% and 2.65% respectively. Countries like India, South Africa, and Pakistan have shown notable growth, with India increasing by 51.86% and Pakistan by 109.13% YoY. Conversely, Ukraine has seen a decline of 7.99%, reflecting geopolitical tensions and economic instability. Smaller exporters like Cambodia and Vietnam maintain their minimal but stable export volumes, while certain nations such as the Dominican Republic, New Zealand, and Colombia have exited the market entirely.
Future trends to watch include possible continued growth from emerging exporters such as India and Pakistan, driven by increased agricultural investments and reforms. The geopolitical situation in Ukraine and economic sanctions on Russia could further impact their shares, opening opportunities for other countries. Climate change and sustainability practices will also likely shape corn production and export patterns.
Top countries in Corn Export Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Brazil | 27.55 | 2023 | -3.51% | +6.76% | View data |
| 2 | 2 United States | 26.4 | 2023 | +24.91% | +0.064% | View data |
| 3 | 3 Argentina | 20.54 | 2023 | +78.26% | +1.94% | View data |
| 4 | 4 Ukraine | 10.02 | 2023 | -25.93% | -7.99% | View data |
| 5 | 5 Russia | 2.65 | 2023 | -10.17% | +13.86% | View data |
| 6 | 6 Paraguay | 1.7 | 2023 | +3.03% | +3.86% | View data |
| 7 | 7 India | 1.7 | 2023 | 0% | +51.86% | View data |
| 8 | 8 South Africa | 1.7 | 2023 | -10.53% | +18.6% | View data |
| 9 | 9 Serbia | 1.25 | 2023 | +316.67% | -2.49% | View data |
| 10 | 10 Myanmar | 1.1 | 2023 | +2.33% | +7.96% | View data |
