Trade Trends
Global exports of semi-milled and wholly milled rice increased from $19.90B in 2019 to $27.89B in 2023, reflecting a 40.17% rise over the five-year period. Year-on-year growth was consistent, with values reaching $20.70B in 2020, $22.12B in 2021, and $24.29B in 2022.
This upward trajectory in USD$ terms highlights sustained global demand for rice, driven by population growth, food security priorities, and expanding consumption in emerging markets. Exporters have responded with increased production and diversification of supply chains, while trade routes continue to adapt to regional preferences and logistical efficiencies.
Top Trading Countries
India led rice exports in 2024 with $11.05B, up from $9.91B in 2023 and $6.62B in 2019. This reflects a 49.83% increase from 2019 to 2023 and an 11.48% rise from 2023 to 2024.
Thailand followed with $5.66B in 2024, growing from $4.58B in 2023 and $3.74B in 2019. Its exports rose 22.36% between 2019 and 2023, and 23.65% from 2023 to 2024.
Vietnam reached $4.06B in 2023, up from $2.16B in 2019, marking an 87.68% increase. Data for 2024 is not available.
Pakistan exported $3.26B in 2024, increasing from $2.11B in 2023 and $1.78B in 2019. This represents an 18.52% rise from 2019 to 2023 and 54.36% growth from 2023 to 2024.
The United States exported $1.37B in 2024, slightly down from $1.39B in 2023 but up from $1.21B in 2019. This reflects a 15.17% increase from 2019 to 2023 and a 1.81% decline from 2023 to 2024.
Myanmar showed rapid expansion, reaching $824.09M in 2024 from $390.02M in 2023 and $30.21M in 2019. Its growth was 1190.97% from 2019 to 2023 and 111.29% between 2023 and 2024.
On the Rise
Tanzania expanded its rice exports from $32.63M in 2019 to $120.05M in 2023 and $196.25M in 2024. This marks a 267.9% increase from 2019 to 2023 and 63.48% growth from 2023 to 2024.
Paraguay grew from $129.28M in 2019 to $236.47M in 2023 and $262.29M in 2024. Its exports rose 82.91% between 2019 and 2023 and 10.92% from 2023 to 2024.
Turkey increased exports from $103.13M in 2019 to $170.11M in 2023 and $191.73M in 2024. This reflects a 64.95% rise from 2019 to 2023 and 12.71% growth between 2023 and 2024.
The Netherlands exported $214.94M in 2019, $258.76M in 2023, and $308.61M in 2024. This marks a 20.39% increase from 2019 to 2023 and 19.27% growth from 2023 to 2024.
Cambodia showed steady growth, reaching $482.19M in 2024 from $454.30M in 2023 and $415.33M in 2019. This reflects a 9.38% increase from 2019 to 2023 and 6.14% from 2023 to 2024.
Guyana exported $165.85M in 2019, $172.48M in 2023, and $187.70M in 2024. Its growth was 4.0% from 2019 to 2023 and 8.82% between 2023 and 2024.
Disclaimer
These insights are based on available trade data and may not represent the full market reality.
