Which are the countries with the highest agricultural exports in the world? Insider Monkey has recently published an interesting article about it giving you the answers.
Earth’s population is expected to reach almost 10 billion by 2050. According to the UN’s Food and Agriculture Organization, this will result in an increase in demand for agricultural products by at least 50% compared to 2013. One way to reduce the need for increasing the global food production is through cutting losses and waste. The world is currently producing more than enough food to feed the entire population, yet there are around 1.2 billion people that are underfed.
Now without a further ado let’s see what Insider Monkey has investigated for us. We have picked three countries with the highest agricultural exports in the world the from their list.
The first one is Argentina. Agriculture plays a very important role in Argentina’s economy, with approximately 7% of the workforce being employed in the industry. Even though the share of agriculture in the country’s GDP has declined to less than 10% from around 20% in the 1960s, it represents over half of its total exports. The main agricultural products that are exported are Soybean, Wine, Wheat and Corn. The second country we have chosen is Belgium. Belgium is next on the list of the 11 countries with the highest agricultural exports in the world. Out of the nearly $44 billion in food exports from Belgium, almost $3 billion are chocolate exports. However, despite being one of the top agricultural exporters in the world, just 2% of the country’s population is employed in this sector. The small number of people that work in the agricultural industry is due to the disappearance of small family farms, but at the same time, the introduction of new technologies has allowed an increase in production despite declining acreage. The third country on this list is Canada. Because it has a large surface area and favorable conditions, Canada produces far more agricultural products than it needs to feed its own population. In this way, Canada exports half of the beef that it produces and around 70% of its soybeans and 75% of its wheat. Over 90% of Canadian farmers and 40% of the food processing industry rely on exports. The U.S is the main export destination for Canadian agricultural products, with a share of over 50%, followed by China with 9.2%.
For any further useful information, read Insider Monkey’s article about 11 countries with the highest agricultural exports in the world.