US exports more wheat than any other country in the world, with an average of 24% global market share. In the fiscal year 2006, America produced 57 million metric tons of wheat, out of which total US consumption was about 31 MMT and 27.5 MMT was exported. In the year 2007, the global wheat production dropped about 5 percent to 593 million metric tons (MMT), and consumption continuous to exceeded production since last seven years. The wheat trade dropped by 7 percent to 107 million metric tons (MMT) (3,946 million bushels). Canada has recently increased its share to 18 percent and Australian share has dropped to 8 percent.

In the year 2006, Nigeria imported more U.S. wheat than any other country. But under enormous pressure to maintain the low price of the flour, Nigerian millers slowed U.S. imports. In the year 2007 Japan imported
more U.S. wheat than any other country.

India’s decision to enforce strict quality norms to the wheat to be imported has led to the dissatisfaction of US Administration. Mainly because of the quality standards and fumigation problems even companies such as Cargill preferred to source their wheat from Ukraine and other places instead of the US.

Agricultural prices in US decreased by 2.2 percent in April 2008, the first decrease in 11 months and the largest decline since an 8.4 percent drop in August 2004.  Wheat prices led the downturn in agricultural prices, falling by 17.8 percent.

Major Associations that can be reached for more detailed trade statistics are:

• The Grain and Feed Trade Association (GAFTA): Worldwide trade association representing the interests of members, who trade in grains, feeding stuffs, pulses and rice internationally.
• US Wheat Associates: US Wheat Associates is the market development arm of the US wheat industry.
• Wheat Export Trade Education Committee: WETEC is responsible for carrying out activities that help formulate the trade policies of the U.S. wheat industry.
• US Grains Council: The U.S. Grains Council builds global markets and serves international customers for US grains.
• National Grain and Feed Association (NGFA): NGFA consists of grain, feed, processing and grain related companies that operate facilities that store, handle, merchandise, mill, process and export more than two-thirds of all US grains and oilseeds.
• National Corn Growers Association (NCGA): NCGA is a coalition of affiliated state organizations and represents the interests of corn producers in the United States.
• The North American Export Grain Association (NAEGA): NAEGA is comprised of grain and oilseed exporters
• COCERAL: COCERAL is the representation of the European trade in cereals, feedstuffs, oilseeds, olive oil, vegetable oil and agro supply.
• Canada Grains Council (CGC): CGC has a membership of organizations involved in Canada’s grains, oilseeds, pulses and special crops industry including producers, handlers, transporters, processors, exporters, banks and provincial and federal governments and their agencies.
• AWB Limited (Australian Wheat Board): AWB Limited is Australia’s major national grain marketing organization and is one of the world’s largest wheat management companies. It is involved in the management and marketing of wheat as well as other grains including barley, sorghum, oilseeds and pulses.
• Hungarian Grain and Feed Association: The Hungarian Grain and Feed Association represents 80 –90% of the companies involved in Hungary’s milling, grain-export, and soy meal-import and feed milling industry.
• Soybean Processors Association of India (SOPA): SOPA is an India based association having a membership of members representing processing industries, exporters, buyers, brokers, surveyors, analysts as well as farmers.
• The Solvent Extractors’ Association of India: The Solvent Extractors’ Association of India has members including solvent extraction plants.
• The Mexican Association of Providers of Agricultural Products represents organizations involved in the trade of imported and exported agricultural commodities in Mexico.
• ANIAME: ANIAME (Mexico) is the Association of Oilseed (including soya, canola and sun seeds)
• Centro de Exportadores de Cereales (Chamber of Grain Exporters of the Argentinean Republic: The Chamber includes the largest grain exporters.

For global Export Import Statistics of major countries also visit ExportNation