Ukraine responsible for 11.5% of global exports

In view of the current crisis in Ukraine, the prices for corn, wheat and rapeseed have risen significantly. According to data from the February USDA report, Ukraine accounts for only 4.3% of global wheat production, but accounts for 11.5% of world trade. Russia itself produces around 9.7% of the global wheat harvest, but has a higher share of total exports at 16.8%. In the case of corn , 17.2% of global exports come from Ukraine, amounting to 33.5 million tons with a production volume of just 42 million tons. Here, Russia's share of 2.3% in world trade is no longer significant.

Shares in global wheat exports according to USDA-WASDE 02/2022