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International sales of all corn exports by country totalled US$36.5 billion in 2020.
Also known as maize, the value of globally exported corn rose by an average of 24.6% for all exporting countries since 2016 when corn shipments were valued at $29.3 billion.
Year over year, the value of corn exports expanded by 2% from 2019 to 2020.
The 5 biggest exporters (United States, Argentina, Brazil, Ukraine, France) generated over three-quarters (76.9%) of total international sales in 2020.
COUNTRIES
Below are the 15 countries that exported the highest dollar value worth of corn during 2020.
1. United States: US$9.6 billion (26.2% of total corn exports)
2. Argentina: $6.1 billion (16.6%)
3. Brazil: $5.9 billion (16%)
4. Ukraine: $4.9 billion (13.4%)
5. France: $1.7 billion (4.7%)
6. Romania: $1.2 billion (3.4%)
7. Hungary: $1 billion (2.8%)
8. Serbia: $644.6 million (1.8%)
9. South Africa: $564.6 million (1.5%)
10. Bulgaria: $497.5 million (1.4%)
11. Russia: $395.2 million (1.1%)
12. India: $389.3 million (1.1%)
13. Myanmar: $382.7 million (1%)
14. Paraguay: $322.3 million (0.9%)
15. Poland: $322.2 million (0.9%)
The listed 15 countries shipped 92.7% of global corn exported in 2020 by value.
ADVANTAGES
The following countries posted the highest positive net exports for corn during 2020.
1. United States: US$9.2 billion (net export surplus up 20.9% since 2019)
2. Argentina: $6.1 billion (up 1.9%)
3. Brazil: $5.6 billion (down -21.8%)
4. Ukraine: $4.8 billion (down -6%)
5. France: $1.4 billion (up 31.2%)
6. Hungary: $897.1 million (up 25.6%)
7. Romania: $861.8 million (down -28.1%)
8. Serbia: $627.7 million (up 22%)
9. South Africa: $528.6 million (up 254.8%)
10. Bulgaria: $440.9 million (up 6.1%)
11. Myanmar: $350.2 million (up 73.7%)
12. India: $324.6 million (up 381.5%)
13. Paraguay: $271.1 million (down -23.6%)
14. Russia: $262.5 million (down -48.4%)
15. Croatia: $189.5 million (up 62.8%)
OPPURTUNITY
The following countries posted the highest negative net exports for corn during 2020.
1. Japan: -US$3.3 billion (net export deficit down -6.5% since 2019)
2. Mexico: -$3 billion (up 0.4%)
3. China: -$2.5 billion (up 136.3%)
4. South Korea: -$2.4 billion (up 0.8%)
5. Vietnam: -$2 billion (down -12.4%)
6. Egypt: -$1.9 billion (down -2.6%)
7. Spain: -$1.6 billion (down -16.5%)
8. Colombia: -$1.2 billion (up 6.8%)
9. Italy: -$1.14 billion (down -5.6%)
10. Netherlands: -$1.09 billion (down -0.2%)
11. Iran: -$1.09 billion (down -28.6%)
12. Taiwan: -$888.5 million (down -9.3%)
13. Algeria: -$832.1 million (down -3.5%)
14. Germany: -$825.9 million (down -16.8%)
15. Malaysia: -$788.2 million (up 0.3%)
COMPANIES
Below are corn-processing conglomerates that represent large players in the global corn market. Shown within parenthesis is the country where the company is headquartered.
Archer-Daniels-Midland Co. (United States)
Bunge Limited (United States)
Cargill, Inc (United States)
Ingredion Incorporated (United States)
Louis Dreyfus Holding B.V. (Netherlands)
Mriya Agro Holding (Ukraine)
SLC AgrĂcola (Brazil)
Syngenta AG (Switzerland)
Tate & Lyle Public Limited Company (United Kingdom)
Vanguarda Agro (Brazil)
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