2023
Exports
$38MWorld Rnk 4 / 108
Flag Rnk 25 / 852
falsefalse Italy
2023
PRODUCT COMPLEXITY IN Ground Nut Oil
-2.11Rnk 1006 / 1025
2023
Imports
$235World Rnk 0 / 0
Flag Rnk 0 / 0
2023
ECONOMIC COMPLEXITY of Nicaragua
-1Rnk 111 / 132

About

Exports In 2023, Nicaragua exported $38M 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 25th most exported product in Nicaragua. The main destination of Ground Nut Oil exports from Nicaragua are: Italy ($15.6M), China ($7.58M), Netherlands ($6.65M), United States ($4.4M), and Hong Kong ($3.75M).

The fastest growing export markets for Ground Nut Oil of Nicaragua between 2022 and 2023 were Italy ($11.6M), China ($2.9M), and Netherlands ($2.51M).

Imports In 2022, Nicaragua imported $235 in Ground Nut Oil, becoming the 0th largest importer of Ground Nut Oil in the world. At the same year, Ground Nut Oil was the 0th most imported product in Nicaragua. Nicaragua imports Ground Nut Oil primarily from: N/A.

Historical Data

Trade Balance

Color
EXPORTS (2023)$38M
IMPORTS (2022)$235
NET TRADE (2023)$38M

In 2023, Nicaragua exported $38M in Ground Nut Oil. The main destinations of Nicaragua exports on Ground Nut Oil were Italy ($15.6M), China ($7.58M), Netherlands ($6.65M), United States ($4.4M), and Hong Kong ($3.75M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Ground Nut Oil EXPORT MARKETS FOR Nicaragua WERE (2022 - 2023):
Italy$11.6M (283%)
China$2.9M (62.1%)
Netherlands$2.51M (60.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ground Nut Oil BY Nicaragua WERE (2022 - 2023):
United States-$14.3M (-76.5%)
Hong Kong-$3.18M (-45.9%)
Curaçao-$38.4k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Nicaragua's main exporting competitors in Ground Nut Oil were:
In 2023, Nicaragua's main importing competitors in Ground Nut Oil were:

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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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