The United States is still far and away the world’s No. 1 corn exporter. But according to the USDA Economic Research Service (ERS), two countries have emerged as major corn exporters in the 21st Century.
At the turn of the century, Brazil and Ukraine were just a blip on the radar when it came to corn exports. Since that time, they have grown to be the world’s No. 2 and No. 3 corn exporters, respectively. As of 2015, the world’s top corn exporters are:
- United States
Both countries have benefited from technical developments and rapid growth during a period of relatively strong world corn prices, according to the ERS.
“In Brazil, shorter-maturing varieties allowed corn to increasingly be grown as a second crop after soybeans, instead of as a main crop in competition with soybeans,” ERS reports. “In Ukraine, corn production expanded and shifted northward, again aided by shorter-season high-yielding varieties.”
Even though corn prices have fallen worldwide the past few years, ERS notes this price decline has largely been offset in Ukraine and Brazile due to devaluing exchange rates in both countries.
For more data insights from ERS, visit http://www.ers.usda.gov/data-products/charts-of-note.aspx.