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Pricing

2022
Exports $39.7MWorld Rnk 4 / 99
Flag Rnk 26 / 877
2022
Destination $12.6M United States
2021 - 2022
FASTEST GROWING MARKET $12.6MUnited States
2022
PRODUCT COMPLEXITY IN Ground Nut Oil-1.93Rnk 993 / 1025
2022
Imports $215World Rnk 177 / 185
Flag Rnk 1074 / 1109
2022
Origin $215 China
2021 - 2022
FASTEST GROWING ORIGIN $215China
2022
ECONOMIC COMPLEXITY of Nicaragua-0.97Rnk 110 / 133

About

Exports In 2022, Nicaragua exported $39.7M in Ground Nut Oil, making it the 4th largest exporter of Ground Nut Oil in the world. At the same year, Ground Nut Oil was the 26th most exported product in Nicaragua. The main destination of Ground Nut Oil exports from Nicaragua are: United States ($18M), Hong Kong ($6.76M), Italy ($5.94M), China ($4.65M), and Netherlands ($4.23M).

The fastest growing export markets for Ground Nut Oil of Nicaragua between 2021 and 2022 were United States ($12.6M), Netherlands ($3.81M), and Curaçao ($38.4k).

Imports In 2022, Nicaragua imported $215 in Ground Nut Oil, becoming the 177th largest importer of Ground Nut Oil in the world. At the same year, Ground Nut Oil was the 1074th most imported product in Nicaragua. Nicaragua imports Ground Nut Oil primarily from: China ($215).

The fastest growing import markets in Ground Nut Oil for Nicaragua between N/A and 2022 were China ($215).

Historical Data

Trade Balance

Color
EXPORTS (2022)$39.7M
IMPORTS (2022)$215
NET TRADE (2022)$39.7M

In 2022, Nicaragua exported $39.7M in Ground Nut Oil. The main destinations of Nicaragua exports on Ground Nut Oil were United States ($18M), Hong Kong ($6.76M), Italy ($5.94M), China ($4.65M), and Netherlands ($4.23M).

In 2022, Nicaragua imported $215 in Ground Nut Oil, mainly from China ($215).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ground Nut Oil EXPORT MARKETS FOR Nicaragua WERE (2021 - 2022):
United States$12.6M (229%)
Netherlands$3.81M (910%)
Curaçao$38.4k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ground Nut Oil BY Nicaragua WERE (2021 - 2022):
Italy-$9.84M (-62.4%)
China-$574k (-11%)
Hong Kong-$190k (-2.74%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nicaragua's main exporting competitors in Ground Nut Oil were:
Brazil $277M
India $156M
Argentina $128M
In 2022, Nicaragua'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 POTENTIALChina+ $1.89M
TOP IMPORT POTENTIALBrazil+ $356

Ground Nut Oil’s highest export potential is China. With an export gap of $1.89M.   Ground Nut Oil’s highest import potential is Brazil with an import gap of $356.

See methodology.

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