Best Agricultural Products for Global Export Markets 2024

Agricultural products are vital commodities fueling economies worldwide in the dynamic international trade landscape. Let's delve into the top agricultural exporters and their contributions to global trade in 2024.

Indonesia: The Palm Oil Giant

Indonesia commands the agricultural export arena as the largest producer and exporter of palm oil globally. With over 90% of the world's palm oil trees nestled within its borders alongside Malaysia, Indonesia emerges as an agricultural powerhouse. Annually, the country churns out a staggering 46 million metric tons of palm oil, translating into a hefty $17 billion in exports.

1. Palm oil production: 46 million metric tons annually
2. Export value: $17 billion annually

United States: Soybean Supremacy

The United States solidifies its position as a superpower across sectors, including agriculture. Leading the pack in soybean production, the U.S. gears up to export an estimated 2.15 billion bushels of soybeans in 2024.

1. Soybean exports: Expected 2.15 billion bushels in 2024

China: Garlic Dominance

China's agricultural prowess extends to garlic production, which commands over 80% of the global market. Producing a staggering 23 million tons of garlic annually, China maintains a significant export presence, catering to nations like the United Arab Emirates, the United States, Vietnam, and Indonesia.

1. Garlic production: 23 million tons annually

India: Rice Export Leader

India secures its spot as the world's largest rice exporter, a proudly held title for over five consecutive years. With an impressive 18.75 million tons of rice exported in 2019, India serves diverse markets, exporting non-basmati rice to African and Asian countries and premium basmati rice to the United States, the Middle East, Europe, and Australia.

1. Rice exports: 18.75 million tons in 2019

Philippines: Banana Bonanza

The Philippines emerges as a key player in the global banana trade, boasting extensive plantations that churn out millions of tons of bananas annually, amounting to over $1.5 billion in exports yearly.

1. Banana exports: Over $1.5 billion annually

Nigeria: Cocoa Bean Capital

Nigeria, situated in West Africa, leads the pack in cocoa bean exports, producing a substantial 270,000 thousand tons annually. The country's cocoa beans find eager markets in the Netherlands, Indonesia, and Belgium.

1. Cocoa bean production: 270,000 thousand tons annually

Iran: Watermelon Wonderland

Iran stakes its claim as a significant exporter of watermelons, with exports surpassing half a million metric tons by March 2022. Favorable weather conditions contribute to Iran's robust watermelon production, catering to Armenia, Qatar, Kuwait, Iraq, and Oman markets.

1. Watermelon exports: Over half a million metric tons by March 2022

Russia: Wheat Dominance

Russia emerges as the leading wheat exporter globally, commanding a significant share of the international market. The nation's wheat exports constitute approximately 18% of the global wheat trade.

1. Wheat exports: 18% of total global wheat trade

Brazil: Sugarcane Sovereignty

Brazil's agricultural landscape is dominated by sugarcane production, and the country is the largest exporter of sugarcane worldwide. Supplying over 60% of the world's sugarcane annually, Brazil's production is bolstered by mechanisation, variety availability, and government support.

1. Sugarcane exports: Over 60% of global supply annually

Unlocking Opportunities with Export Portal

In international trade, the exchange of agricultural products fuels economies and fosters global interconnectedness. These top exporting countries play a pivotal role in meeting global demand and shaping the trajectory of agricultural trade.

For businesses seeking to import-export agricultural products, platforms like Export Portal provide a seamless gateway to international trade, facilitating transactions and fostering partnerships across borders. Join Export Portal today to explore limitless opportunities in the vibrant world of agriculture commerce.