Analysis and vulnerability of the international wheat trade network

Abstract

Wheat is one of the three basic cereals providing the necessary calorific intake for most of the world’s population. For this reason, its trade is critical to many countries in order to fulfil their internal demand and strategic stocks. In this paper, we use complex network analysis tools to study the international wheat trade network and its evolving characteristics for the period 2009–2013. To understand the vulnerability of each country’s dependence on the imports of this crop we have performed different analyses, simulating shocks of varying intensities for the main wheat producers, and observed the population affected by the production drop. As a result, we conclude that globally the network is slightly more resilient than four years previously, although at the same time some developing countries have slipped into a vulnerable situation. We have also analysed the effects of a global shock affecting all major producers, assessing its impact on every country. Some comments on the COVID-19 outbreak and the political decisions taken by governments following the pandemic declaration are included, observing that given their capital-intensive characteristics, no negative effects should currently be expected in the wheat market.