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The world’s leading exporters of agricultural products have been revealed through a new study from the Bank of America Merrill Lynch. In recent years, the agricultural sector has seen rapid growth, both in volume and in the value of trade. Food is the most traded commodity in the world, and this is only set to increase as more people move into cities and eat more processed food. Food is necessary for human survival, as the worlds population grows, the demand for food rises, and the space to farm food decreases. The following 10 countries are the largest agricultural exporters in the world. The geographical distribution of agricultural plant commodity production and consumption is different. The degree of agricultural production is influenced by the economy of a country, as well as the climate and vegetation kinds. Some products are extremely concentrated in a few nations for example, China, the worlds biggest producer of wheat and ramie in 2013, produces 6 percent of the worlds ramie fiber but only 17 percent of the worlds wheat. Products with more widely dispersed output show more frequent changes in the top producers ranking. The principal agricultural products can be divided into four categories foods, fibers, fuels, and raw materials. If youre new to the Big Man Business Youtube Channel, please subscribe and turn on the notification bell to receive updates on new business expert videos. For more International Business news and updates, please visit www. BigManBusiness. com. USA Although China is the largest agricultural producer overall, the USA exports the most produce. They are the largest corn producer and amongst the largest producers of oats, tomatoes, soybean, and spices. Each year the USA agricultural exports are around 150 billion dollars.
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Source: https://bigmanbusiness.com/597/the-worlds-leading-exporters-of-agricultural-products/