China is the world's largest rice grower and consumer, producing 148.5 million tonnes of the grain in the 2018/19 marketing year and importing 3.5 million tonnes. The United States produced 7.1 million tonnes of rice in 2018/19 and exported less than 3 million tonnes.
China, the world's largest rice producer, typically buys small amounts of U.S. rice. Purchases peaked at $5.311 million in 2010. In 2017, they totaled $759,000. So far this year, U.S. rice exports to China have been worth just $147,000.
China is the world's largest rice grower and consumer, producing 148.5 million tonnes of the grain in the 2018/19 marketing year and importing 3.5 million tonnes. Chinese officials agreed to allow imports of U.S. rice in July 2017, following years of negotiations.
Searchable List of Rice Exporting Countries in 2018
| Rank | Exporter | 2018 Rice Exports |
|---|
| 1. | India | $7.4 billion |
| 2. | Thailand | $5.6 billion |
| 3. | Vietnam | $2.2 billion |
| 4. | Pakistan | $2 billion |
While more than 100 varieties of rice are now grown in the world, in the US 20 varieties of rice are commercially produced, primarily in the states of Arkansas, Texas, Louisiana, Mississippi, Missouri, and California.
Although Canada imported more than 60 per cent of its rice from the U.S. last year, Thailand was the second largest rice provider to Canada, while Italy and China were also in the top 10, according to Industry Canada trade data.
As of Dec. 27, imports of brown rice, polished rice and crushed rice from the United States are now permitted, as long as cargoes meet China's inspection standards and are registered with the U.S. Department of Agriculture.
Japan imports 770,000 tons of rice each year under a minimum-access quota system. Up to 100,000 tons of that is sold for direct consumption, while the rest is used in applications such as processed foods and snacks.
According to the USA Rice Federation, about 70 per cent of the rice consumed in Canada is grown in the United States. Industry Canada data shows Asian countries like China and Bangladesh as the next largest source of rice imports.
| Nigeria imports from China | Value | Year |
|---|
| Machinery, nuclear reactors, boilers | $2.75B | 2018 |
| Electrical, electronic equipment | $1.31B | 2018 |
| Vehicles other than railway, tramway | $590.63M | 2018 |
| Iron and steel | $384.15M | 2018 |
Presently, and for the last 50+ years, Nigeria has primarily derived its revenue from crude oil. As a natural resource, this has been (over exploited) and sadly, enriched just a few. Nonetheless, crude oil remains its primary source of revenue.
Which foods are imported? Nigeria does produce the basic food commodities such as sugar, wheat flour, fish, milk, palm oil, pork, beef and poultry but up to now domestic farmers have not been able to satisfy demand of the country's 200 million people, hence the need for imports.
Africa's giant, Nigeria is widely known for its petroleum production and exportation as a major source of the nation's economy accounting for about 95% of foreign exchange income and 70% of government revenue. This black nation remains the largest oil producer in Africa and the 12th largest producer in the world.
Economy of Nigeria
| Statistics |
|---|
| Main export partners | India 18% United States 14% Spain 9.7% France 6.0% Netherlands 4.9% Germany 3.6% (2017) |
| Imports | $34.2 billion (2017) |
| Import goods | industry supplies, machinery, appliances, vehicles, aircraft parts, chemicals, base metals (2015) |
U.S. total exports of agricultural products to Nigeria totaled $328 million in 2018. Leading domestic export categories include: wheat ($193 million), prepared food ($20 million), soybeans ($15 million), wine & beer ($15 million), and corn ($13 million).
The bulk of the imports into South Africa from Nigeria fulls under Mineral products. The main product under this category is crude oil. So the bulk of South Africa's imports from Nigeria is crude oil.
India imported 1121 shipments valued of USD 1219449001.13 from Nigeria during period 01-11-2016 to 24-11-2016. Followed by Petroleum Gases And Other Gaseous Hydrocarbons (HS Code - 2711) & Aluminium Waste And Scrap (HS Code - 7602) which accounted 9.51% and 0.51% of imports respectively from Nigeria .
Nigeria's main trade partners are Brazil, China, India, Japan, US and the European Union. The country's long-term economic performance remains broadly positive, driven by rising oil and gas production.
