In 2023, worldwide corn exports—also referred to as maize—reached a total value of $52.9 billion USD.

Compared to 2019, when the total stood at $35.8 billion, the global corn trade has surged by 47.7% over five years. However, between 2022 and 2023, the value of corn exports saw a noticeable drop of -15.8%, falling from $62.9 billion.

In 2023, the top five corn-exporting countries—the United States, Brazil, Argentina, Ukraine, and France—accounted for a dominant 75.5% of all international corn sales, underscoring their importance in the global grain trade.

Regional Analysis of Corn Exports

When broken down by region:

· Latin America (excluding Mexico but including the Caribbean) led the way, contributing $20.2 billion, or 38.1% of global corn exports.

· North American suppliers followed, generating 27.4% of total exports.

· European exporters accounted for 26.8% of the total value.

Smaller shares came from:

· Asia: 5%

· Africa: 2.5%

· Oceania (including Australia, New Zealand, and Micronesia): 0.1%

For reference, corn falls under the Harmonized Tariff System code 1005.

Top Corn Exporting Countries in 2023

Here are the 15 countries that shipped the highest dollar value of corn last year:

1.United States – $13.7 billion (25.9%)

2.Brazil – $13.6 billion (25.7%)

3.Argentina – $5.7 billion (10.7%)

4.Ukraine – $5 billion (9.4%)

5.France – $2 billion (3.8%)

6.Romania – $1.7 billion (3.2%)

7.Poland – $1.3 billion (2.4%)

8.South Africa – $1.2 billion (2.3%)

9.Russia – $932.2 million (1.8%)

10.Türkiye – $796.7 million (1.5%)

11.Canada – $766.5 million (1.4%)

12.Paraguay – $750.7 million (1.4%)

13.Hungary – $704.2 million (1.3%)

14.India – $702.6 million (1.3%)

15.Myanmar – $453 million (0.9%)

Altogether, these countries were responsible for 93% of global corn exports in 2023.

Fastest-Rising and Declining Exporters

Among these nations, some posted significant year-over-year growth:

· Türkiye: +209.5%

· Russia: +11.6%

· Brazil: +11%

· Canada: +9.4%

In contrast, notable declines were recorded by:

· India: -37.2%

 ·Argentina: -34%

 ·Myanmar: -31.2%

· Paraguay: -31%

· United States: -28.1%

Major Players in the Corn Export Industry (2024)

Below are some of the largest corn-trading corporations contributing significantly to the global market:

1.CÔNG TY TNHH VẠN PHƯỚC (Vietnam) – 16.16% share ($1.68 billion)

2.TOV Kernel Trade (Ukraine) – 3.38% ($351 million)

3.TOV ADM Ukraine – 2.76% ($287.47 million)

4.TOV Louis Dreyfus Company Ukraine – 2.45% ($254.69 million)

5.TOV SP Nibulon Ukraine – 2.4% ($249.6 million)

6.TOV AT Cargill – 1.91% ($198.56 million)

7.V Agro Ukraine LLC – 1.77% ($183.54 million)

8.TOV Granova Ukraine – 1.63% ($169.46 million)

9.LLC Grain Gates – 1.57% ($162.87 million)

10.Foreign-Invested Enterprise Viterra Ukraine – 1.2% ($124.29 million)

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