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2022
Exports $225MWorld Rnk 6 / 149
Flag Rnk 739 / 1216
2022
Destination $5.15M Japan
2021 - 2022
FASTEST GROWING MARKET $5.15MJapan
2022
PRODUCT COMPLEXITY IN Ground Nuts-2.21Rnk 1007 / 1025
2022
Imports $672MWorld Rnk 1 / 201
Flag Rnk 294 / 1212
2022
Origin $8.77M Sudan
2021 - 2022
FASTEST GROWING ORIGIN $8.77MArgentina
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $225M in Ground Nuts, making it the 6th largest exporter of Ground Nuts in the world. At the same year, Ground Nuts was the 739th most exported product in China. The main destination of Ground Nuts exports from China are: Japan ($30.2M), Thailand ($24.8M), Netherlands ($20.6M), Indonesia ($20.5M), and Spain ($14.4M).

The fastest growing export markets for Ground Nuts of China between 2021 and 2022 were Japan ($5.15M), Thailand ($3.64M), and Mexico ($2.07M).

Imports In 2022, China imported $672M in Ground Nuts, becoming the 1st largest importer of Ground Nuts in the world. At the same year, Ground Nuts was the 294th most imported product in China. China imports Ground Nuts primarily from: Sudan ($388M), Senegal ($128M), United States ($67.1M), Vietnam ($42.3M), and Burma ($15M).

The fastest growing import markets in Ground Nuts for China between 2021 and 2022 were Argentina ($8.77M), United Arab Emirates ($966k), and Singapore ($182k).

COMPANIES In 2023, leading companies such as Vestas (22), Volvo (7), and Jo-Ann Stores (2) were at the forefront of shipping Ground Nuts from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Ground Nuts exports accounted up to $22M and imports accounted up to $65.4M, resulting in a negative trade balance of $43.4M. Between October 2023 and October 2024 the exports of China's   Ground Nuts have increased by $3.71M (20.3%) from $18.3M to $22M, while imports increased by $56.4M (621%) from $9.07M to $65.4M.

Destinations In October 2024, Ground Nuts were exported mostly to Vietnam ($5.51M), Thailand ($2.1M), Netherlands ($1.39M), Spain ($1.32M), and Philippines ($1.25M), and were imported mostly from Sudan ($61.9M), United States ($1.9M), Argentina ($968k), Senegal ($487k), and Vietnam ($128k).

Growth In October 2024, the increase in Ground Nuts's year-by-year exports was explained primarily by an increase in exports to Spain ($624k or 60%), Libya ($543k or 367%), and United Kingdom ($325k or 45.5%). In October 2024, the increase in Ground Nuts's year-by-year imports was explained primarily by an increase in imports from Sudan ($29.9M or 2.26k%), Senegal ($3.88M or 12.3k%), and Argentina ($2.44M or 702%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$3.71M(20.3%)
IMPORT GROWTH (October 2023 - October 2024)$56.4M(621%)
MAIN EXPORTER (October 2024)Shandong Province$19.5M
MAIN DESTINATION (October 2024)Vietnam$5.51M

This section shows Ground Nuts'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 Nuts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$225M
IMPORTS (2022)$672M
NET TRADE (2022)-$447M

In 2022, China exported $225M in Ground Nuts. The main destinations of China exports on Ground Nuts were Japan ($30.2M), Thailand ($24.8M), Netherlands ($20.6M), Indonesia ($20.5M), and Spain ($14.4M).

In 2022, China imported $672M in Ground Nuts, mainly from Sudan ($388M), Senegal ($128M), United States ($67.1M), Vietnam ($42.3M), and Burma ($15M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ground Nuts EXPORT MARKETS FOR China WERE (2021 - 2022):
Japan$5.15M (20.5%)
Thailand$3.64M (17.2%)
Mexico$2.07M (101%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ground Nuts BY China WERE (2021 - 2022):
Indonesia-$22.7M (-52.6%)
Canada-$6.84M (-33%)
Vietnam-$5.12M (-48.3%)
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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 Nuts were:
Argentina $818M
India $732M
United States $543M
In 2022, China's main importing competitors in Ground Nuts were:
Netherlands $464M
Indonesia $389M

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Trade Value of Ground Nuts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALVietnam+ $4.99M
TOP IMPORT POTENTIALIndia+ $27.2M

Ground Nuts’s highest export potential is Vietnam. With an export gap of $4.99M.   Ground Nuts’s highest import potential is India with an import gap of $27.2M.

See methodology.

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