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2022
Exports $716kWorld Rnk 20 / 99
Flag Rnk 1138 / 1216
2022
Destination $105k Germany
2021 - 2022
FASTEST GROWING MARKET $105kUnited States
2022
PRODUCT COMPLEXITY IN Ground Nut Oil-1.93Rnk 993 / 1025
2022
Imports $11MWorld Rnk 8 / 185
Flag Rnk 996 / 1214
2022
Origin $2.78M Belgium
2021 - 2022
FASTEST GROWING ORIGIN $2.78MBelgium
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $716k in Ground Nut Oil, making it the 20th largest exporter of Ground Nut Oil in the world. At the same year, Ground Nut Oil was the 1138th most exported product in United Kingdom. The main destination of Ground Nut Oil exports from United Kingdom are: Germany ($123k), United States ($105k), Ireland ($101k), Netherlands ($90k), and South Africa ($73.6k).

The fastest growing export markets for Ground Nut Oil of United Kingdom between 2021 and 2022 were United States ($105k), South Africa ($62.9k), and Ireland ($58.1k).

Imports In 2022, United Kingdom imported $11M in Ground Nut Oil, becoming the 8th largest importer of Ground Nut Oil in the world. At the same year, Ground Nut Oil was the 996th most imported product in United Kingdom. United Kingdom imports Ground Nut Oil primarily from: Belgium ($8.82M), France ($1.25M), Italy ($312k), Netherlands ($180k), and India ($115k).

The fastest growing import markets in Ground Nut Oil for United Kingdom between 2021 and 2022 were Belgium ($2.78M), France ($645k), and Singapore ($88.8k).

Latest Trends

June 2024

About

Overview In June 2024 United Kingdom's Ground Nut Oil exports accounted up to £8.08k and imports accounted up to £940k, resulting in a negative trade balance of £932k. Between June 2023 and June 2024 the exports of United Kingdom's   Ground Nut Oil have decreased by £-35.2k (-81.4%) from £43.3k to £8.08k, while imports increased by £144k (18.1%) from £795k to £940k.

Destinations In June 2024, Ground Nut Oil were exported mostly to Ireland (£7.12k) and United Arab Emirates (£955), and were imported mostly from Belgium (£788k), France (£110k), India (£19.7k), Hong Kong (£19.5k), and Germany (£1.15k).

Growth In June 2024, the decrease in Ground Nut Oil's year-by-year exports was explained primarily by a decrease in exports to Netherlands (£-24.3k or -27.7%). In June 2024, the increase in Ground Nut Oil's year-by-year imports was explained primarily by an increase in imports from United States (£501 or 50.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)£-35.2k(-81.4%)
IMPORT GROWTH (June 2023 - June 2024)£144k(18.1%)
MAIN EXPORTER (June 2024)Liverpool£37.9k
MAIN DESTINATION (June 2024)Ireland£7.12k

This section shows Ground Nut Oil's exports and imports data at subnational level for United Kingdom. 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)$716k
IMPORTS (2022)$11M
NET TRADE (2022)-$10.2M

In 2022, United Kingdom exported $716k in Ground Nut Oil. The main destinations of United Kingdom exports on Ground Nut Oil were Germany ($123k), United States ($105k), Ireland ($101k), Netherlands ($90k), and South Africa ($73.6k).

In 2022, United Kingdom imported $11M in Ground Nut Oil, mainly from Belgium ($8.82M), France ($1.25M), Italy ($312k), Netherlands ($180k), and India ($115k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ground Nut Oil EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
United States$105k (1%)
South Africa$62.9k (590%)
Ireland$58.1k (136%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ground Nut Oil BY United Kingdom WERE (2021 - 2022):
Thailand-$37.5k (-100%)
Spain-$32.1k (-33.4%)
Netherlands-$31.5k (-25.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Ground Nut Oil were:
Brazil $277M
India $156M
Argentina $128M
In 2022, United Kingdom's main importing competitors in Ground Nut Oil were:
China $475M
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+ $68.4k
TOP IMPORT POTENTIALIndia+ $398k

Ground Nut Oil’s highest export potential is United States. With an export gap of $68.4k.   Ground Nut Oil’s highest import potential is India with an import gap of $398k.

See methodology.

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