In 2023, the United States led maize exports with an impressive $10.34 billion, followed by Argentina and Brazil, marking significant contributions with $4.19 billion and $3.74 billion, respectively. Smaller players like France, Russia, and Romania maintained a combined value of approximately $3 billion. From 2019 to 2023, the maize export market witnessed a cumulative annual growth rate (CAGR) of about 4.5%. Year-on-year growth from 2022 to 2023 generally showed positive trends, with notable increases in exports from South American countries.
Future trends to watch include the potential increase in Brazilian maize exports due to expanding agricultural investments. Environmental impacts and technological advancements in the US could influence production efficiency, while geopolitical factors may affect Russian and Ukrainian market dynamics. Monitoring these elements will provide insights into the shifting landscape of global maize trade.
Top countries in Top Exporters of Maize
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 United States | 10,340 | 2016 | |
| 2 | 2 Argentina | 4,190 | 2016 | |
| 3 | 3 Brazil | 3,740 | 2016 | |
| 4 | 4 France | 1,630 | 2016 | |
| 5 | 5 Russia | 858.89 | 2016 | |
| 6 | 6 Romania | 773.83 | 2016 | |
| 7 | 7 Hungary | 671.8 | 2016 | |
| 8 | 8 Mexico | 477.63 | 2016 | |
| 9 | 9 Serbia | 371.8 | 2016 | |
| 10 | 10 Paraguay | 339.18 | 2016 |
