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Import News
16-06-2025
In 2024, worldwide corn imports reached an estimated value of US$51.4 billion.
This figure marks a 23.9% increase compared to 2020, when global corn purchases totaled $41.5 billion. However, on a year-over-year basis, the market saw a notable decline of 19.8% from $64.2 billion in 2023.
The top five importers of corn in 2024 were Mexico, Japan, mainland China, South Korea, and Vietnam. Collectively, these nations accounted for 36.7% of total global expenditure on imported corn.
In terms of regions, Asian nations led corn import spending in 2024, with a combined total of $22.3 billion, representing 43.4% of the global market. European countries followed with 21.6%, while North America received 12.9% of worldwide corn imports.
Imports to Latin America (excluding Mexico but including the Caribbean) made up 11.7%, while Africa accounted for 10.3%. The smallest share went to Oceania, with just 0.04%, led by Australia, New Zealand, the Marshall Islands, and Papua New Guinea.
For classification, the Harmonized Tariff Schedule (HTS) code for corn is 1005.
Top 15 Corn Importing Countries (2024)
Below are the 15 largest importers of corn in 2024, based on total value spent:
1.Mexico: $5.7 billion (11.1%)
2.Japan: $3.9 billion (7.7%)
3.Mainland China: $3.8 billion (7.4%)
4.South Korea: $2.9 billion (5.6%)
5.Vietnam: $2.5 billion (4.9%)
6.Spain: $2.1 billion (4.2%)
7.Egypt: $1.82 billion (3.5%)
8.Italy: $1.79 billion (3.5%)
9.Colombia: $1.6 billion (3.1%)
10.Netherlands: $1.3 billion (2.5%)
11.Saudi Arabia: $1.2 billion (2.3%)
12.Taiwan: $1.1 billion (2.1%)
13.Iran: $1.07 billion (2.1%)
14.Malaysia: $1.03 billion (2.0%)
15.Türkiye: $1.03 billion (2.0%)
Combined, these 15 countries were responsible for approximately 64% of global corn import value in 2024.
Import Trends by Country
Among these major importers, Türkiye showed the strongest growth in corn demand, with imports rising 71.6% from 2023. Other increases came from Saudi Arabia (+20.4%) and Mexico (+2.8%). On the other hand, Malaysia saw a 6.7% decline.
Sharp downturns in import volume were seen in:
·Iran: -70.6%
·Mainland China: -58%
·Egypt: -25.7%
·Japan: -19.8%
Leading Corn Importing Companies (2024)
Based on data from Tendata, the following are the top 10 corporate corn importers in 2024:
1.Công Ty Cổ Phần Khai Anh Bình Thuận – 5.33% ($458.48 million)
2.ADM Mexico – 3.05% ($261.93 million)
3.ADM Andina Peru S.R.L. – 2.81% ($241.22 million)
4.Công Ty Cổ Phần Xuất Nhập Khẩu Nhất Thành – 2.22% ($190.96 million)
5.Công Ty TNHH Archer Daniels Midland Việt Nam – 2.04% ($175.2 million)
6.Công Ty Cổ Phần Chăn Nuôi C.P. Việt Nam – 1.91% ($163.94 million)
7.San Fernando S.A. – 1.56% ($134.46 million)
8.PT Tereos FKS Indonesia – 1.36% ($116.67 million)
9.Công Ty TNHH Cargill Việt Nam – 1.31% ($112.48 million)
10.PT Sorini Agro Asia Corporindo – 1.19% ($102.62 million)
These companies collectively dominate the international trade landscape in corn, with significant footprints across Latin America and Asia.
Taking PVC pipe as an example, through Tendata, we screened the list of active buyers with purchasing records in the past year.
Image source: Tendata
For the target customers, in-depth understanding of their company's import trade records, HS codes, suppliers, supply chain, import regions, etc., to assist in analyzing the purchasing power and sustainability of buyers, to determine the development value of the customer; with these trade records, we can look for the right time to enter and point of entry, and more smoothly with the customer ice-breaking communication, to lay the foundation for the final cooperation.
Image source: Tendata
Tendata also provides customer contact information. By clicking on the "Contacts" section, you can view the details of key decision makers such as purchasers and executives, including their email addresses and social accounts such as LinkedIn and Facebook. This approach helps us to quickly reach out to our customers and increase our customer development efficiency.
Image source: Tendata
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