key commodities
Soybeans
Major Producers (2023) • Brazil: 153 million metric tons • USA: 119 million metric tons • Argentina: 48 million metric tons • Major Consumers: China, EU, USA. • Trade Dynamics: Brazil and the USA dominate exports with China being the largest importer.
Corn
Major Producers (2023) • USA: 384 million metric tons • China: 273 million metric tons • Brazil: 113 million metric tons • Major Consumers: USA, China, EU, Mexico. • Trade Dynamics: The USA is the largest exporter, followed by Brazil and Argentina. China imports large quantities due to domestic demand outstripping supply
Sugar
Major Producers (2023) • Brazil: 38 million metric tons • India: 35 million metric tons • Thailand: 10 million metric tons • Major Consumers: India, EU, China, USA. • Trade Dynamics: Brazil is the leading exporter, with India emerging as a significant exporter due to government subsidies. The EU and China import significant quantities.
Ethanol
Major Producers (2023) • USA: 54 billion liters • Brazil: 32 billion liters • EU: 5 billion liters • Major Consumers: USA, Brazil, EU, China. • Trade Dynamics: The USA and Brazil are the largest exporters, primarily driven by renewable fuel mandates.
Ammonia
Major Producers (2023) • China: 48 million metric tons • Russia: 16 million metric tons • USA: 12 million metric tons • Major Consumers: USA, India, China, Brazil. • Trade Dynamics: China and Russia are major exporters, with significant demand in agriculture and industry.
