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2023
Exports $192MWorld Rnk 2 / 108
Flag Rnk 154 / 1207
2023
Destination $306k China
2022 - 2023
FASTEST GROWING MARKET $306kUnited States
2023
PRODUCT COMPLEXITY IN Ground Nut Oil-2.11Rnk 1006 / 1025
2023
Imports $1.15MWorld Rnk 23 / 183
Flag Rnk 1018 / 1200
2023
Origin $62.2k United States
2022 - 2023
FASTEST GROWING ORIGIN $62.2kGermany
2023
ECONOMIC COMPLEXITY of Brazil0.31Rnk 49 / 132

About

Exports In 2023, Brazil exported $192M in Ground Nut Oil, making it the 2nd largest exporter of Ground Nut Oil in the world. At the same year, Ground Nut Oil was the 154th most exported product in Brazil. The main destination of Ground Nut Oil exports from Brazil are: China ($145M), Italy ($45.1M), Netherlands ($986k), United States ($883k), and Canada ($305k).

The fastest growing export markets for Ground Nut Oil of Brazil between 2022 and 2023 were United States ($306k), Canada ($194k), and Japan ($119k).

Imports In 2023, Brazil imported $1.15M in Ground Nut Oil, becoming the 23rd largest importer of Ground Nut Oil in the world. At the same year, Ground Nut Oil was the 1018th most imported product in Brazil. Brazil imports Ground Nut Oil primarily from: United States ($984k), Germany ($127k), France ($35.4k), India ($2.97k), and Belgium ($942).

The fastest growing import markets in Ground Nut Oil for Brazil between 2022 and 2023 were Germany ($62.2k), France ($27.6k), and India ($2.97k).

Latest Trends

December 2024

About

Overview In December 2024 Brazil's Ground Nut Oil exports accounted up to $7.22M and imports accounted up to $38.2k, resulting in a positive trade balance of $7.19M. Between December 2023 and December 2024 the exports of Brazil's   Ground Nut Oil have decreased by $-4.32M (-37.4%) from $11.5M to $7.22M, while imports increased by $26.4k (225%) from $11.7k to $38.2k.

Destinations In December 2024, Ground Nut Oil were exported mostly to China ($5.14M), Italy ($1.77M), United States ($182k), Canada ($131k), and Argentina ($6.77k), and were imported mostly from United States ($23.7k), Germany ($9.1k), United Kingdom ($5.22k), and France ($115).

Growth In December 2024, the decrease in Ground Nut Oil's year-by-year exports was explained primarily by a decrease in exports to China ($-6.84M or -57.8%), Italy ($-2.73M or -69.5%), and Switzerland ($-101 or -73.2%). In December 2024, the increase in Ground Nut Oil's year-by-year imports was explained primarily by an increase in imports from Germany ($422 or 4.67%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-4.32M(-37.4%)
IMPORT GROWTH (November 2023 - December 2024)$26.4k(225%)
MAIN EXPORTER (December 2024)São Paulo$13.3M
MAIN DESTINATION (December 2024)China$5.14M

This section shows Ground Nut Oil's exports and imports data at subnational level for Brazil. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Ground Nut Oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$192M
IMPORTS (2023)$1.15M
NET TRADE (2023)$191M

In 2023, Brazil exported $192M in Ground Nut Oil. The main destinations of Brazil exports on Ground Nut Oil were China ($145M), Italy ($45.1M), Netherlands ($986k), United States ($883k), and Canada ($305k).

In 2023, Brazil imported $1.15M in Ground Nut Oil, mainly from United States ($984k), Germany ($127k), France ($35.4k), India ($2.97k), and Belgium ($942).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Ground Nut Oil EXPORT MARKETS FOR Brazil WERE (2022 - 2023):
United States$306k (53%)
Canada$194k (175%)
Japan$119k (114k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ground Nut Oil BY Brazil WERE (2022 - 2023):
China-$87.3M (-37.6%)
Italy-$7.39M (-14.1%)
Mexico-$85.5k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Brazil's main exporting competitors in Ground Nut Oil were:
India $229M
Argentina $103M
In 2023, Brazil's main importing competitors in Ground Nut Oil were:
China $446M
Italy $62.7M
United States $39.6M

Explore Visualizations

Trade Value of Ground Nut Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $928k
TOP IMPORT POTENTIALGermany+ $15.9k

Ground Nut Oil’s highest export potential is United States. With an export gap of $928k.   Ground Nut Oil’s highest import potential is Germany with an import gap of $15.9k.

See methodology.

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