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2022
Exports $27.5MWorld Rnk 6 / 99
Flag Rnk 1012 / 1216
2022
Destination $1.11M Hong Kong
2021 - 2022
FASTEST GROWING MARKET $1.11MHong Kong
2022
PRODUCT COMPLEXITY IN Ground Nut Oil-1.93Rnk 993 / 1025
2022
Imports $475MWorld Rnk 1 / 185
Flag Rnk 360 / 1212
2022
Origin $124M Brazil
2021 - 2022
FASTEST GROWING ORIGIN $124MBrazil
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $27.5M in Ground Nut Oil, making it the 6th largest exporter of Ground Nut Oil in the world. At the same year, Ground Nut Oil was the 1012th most exported product in China. The main destination of Ground Nut Oil exports from China are: Hong Kong ($20.7M), Malaysia ($2.85M), United States ($1.19M), Macau ($978k), and Japan ($471k).

The fastest growing export markets for Ground Nut Oil of China between 2021 and 2022 were Hong Kong ($1.11M), Macau ($259k), and Canada ($234k).

Imports In 2022, China imported $475M in Ground Nut Oil, becoming the 1st largest importer of Ground Nut Oil in the world. At the same year, Ground Nut Oil was the 360th most imported product in China. China imports Ground Nut Oil primarily from: Brazil ($230M), India ($149M), Argentina ($61M), Sudan ($20M), and Senegal ($6.27M).

The fastest growing import markets in Ground Nut Oil for China between 2021 and 2022 were Brazil ($124M), Argentina ($28.7M), and Senegal ($2.8M).

COMPANIES In 2023, leading companies such as ABB Motors and Mechanical (39), Stelfast (14), and CrimsonLogic (13) were at the forefront of shipping Ground Nut Oil from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Ground Nut Oil exports accounted up to $1.61M and imports accounted up to $30.9M, resulting in a negative trade balance of $29.3M. Between October 2023 and October 2024 the exports of China's   Ground Nut Oil have decreased by $-105k (-6.13%) from $1.71M to $1.61M, while imports increased by $1.09M (3.64%) from $29.8M to $30.9M.

Destinations In October 2024, Ground Nut Oil were exported mostly to Hong Kong ($1.2M), United States ($179k), Macau ($75.5k), Japan ($66.2k), and Canada ($63.7k), and were imported mostly from India ($25.8M), Brazil ($4.01M), Argentina ($993k), Belgium ($56.2k), and Hong Kong ($21.3k).

Growth In October 2024, the decrease in Ground Nut Oil's year-by-year exports was explained primarily by a decrease in exports to Hong Kong ($-928k or -37.3%), Malaysia ($-266k or -69.4%), and South Korea ($-9.74k or -73.4%). In October 2024, the increase in Ground Nut Oil's year-by-year imports was explained primarily by an increase in imports from India ($34.6M or 447%), Brazil ($11.7M or 93.7%), and Argentina ($2.6M or 34.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-105k(-6.13%)
IMPORT GROWTH (October 2023 - October 2024)$1.09M(3.64%)
MAIN EXPORTER (October 2024)Shandong Province$1.71M
MAIN DESTINATION (October 2024)Hong Kong$1.2M

This section shows Ground Nut Oil's exports and imports data at subnational level for China. 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 (2022)$27.5M
IMPORTS (2022)$475M
NET TRADE (2022)-$448M

In 2022, China exported $27.5M in Ground Nut Oil. The main destinations of China exports on Ground Nut Oil were Hong Kong ($20.7M), Malaysia ($2.85M), United States ($1.19M), Macau ($978k), and Japan ($471k).

In 2022, China imported $475M in Ground Nut Oil, mainly from Brazil ($230M), India ($149M), Argentina ($61M), Sudan ($20M), and Senegal ($6.27M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ground Nut Oil EXPORT MARKETS FOR China WERE (2021 - 2022):
Hong Kong$1.11M (5.67%)
Macau$259k (36.1%)
Canada$234k (122%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ground Nut Oil BY China WERE (2021 - 2022):
India-$430k (-100%)
Malaysia-$384k (-11.9%)
Singapore-$247k (-92.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Ground Nut Oil were:
Brazil $277M
India $156M
Argentina $128M
In 2022, China's main importing competitors in Ground Nut Oil were:
Italy $65.8M
United States $54.3M

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Trade Value of Ground Nut Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $805k
TOP IMPORT POTENTIALIndia+ $15.9M

Ground Nut Oil’s highest export potential is United States. With an export gap of $805k.   Ground Nut Oil’s highest import potential is India with an import gap of $15.9M.

See methodology.

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