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2022
Exports $543MWorld Rnk 3 / 149
Flag Rnk 372 / 1217
2022
Destination $29.2M Mexico
2021 - 2022
FASTEST GROWING MARKET $29.2MUnited Kingdom
2022
PRODUCT COMPLEXITY IN Ground Nuts-2.21Rnk 1007 / 1025
2022
Imports $13.9MWorld Rnk 42 / 201
Flag Rnk 1098 / 1216
2022
Origin $2.89M Argentina
2021 - 2022
FASTEST GROWING ORIGIN $2.89MArgentina
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $543M in Ground Nuts, making it the 3rd largest exporter of Ground Nuts in the world. At the same year, Ground Nuts was the 372nd most exported product in United States. The main destination of Ground Nuts exports from United States are: Mexico ($155M), Canada ($132M), China ($67.1M), United Kingdom ($47.1M), and Netherlands ($38.9M).

The fastest growing export markets for Ground Nuts of United States between 2021 and 2022 were United Kingdom ($29.2M), Mexico ($26.2M), and Canada ($19.4M).

Imports In 2022, United States imported $13.9M in Ground Nuts, becoming the 42nd largest importer of Ground Nuts in the world. At the same year, Ground Nuts was the 1098th most imported product in United States. United States imports Ground Nuts primarily from: Argentina ($9.92M), Paraguay ($1.6M), Nicaragua ($700k), Mexico ($509k), and China ($284k).

The fastest growing import markets in Ground Nuts for United States between 2021 and 2022 were Argentina ($2.89M), China ($284k), and Canada ($197k).

COMPANIES In 2023, leading companies such as Vestas (22), General Motors (11), and Volvo (8) were at the forefront of shipping Ground Nuts to the United States.

Latest Trends

April 2024

About

Overview In April 2024 United States' Ground Nuts exports accounted up to $64.3M and imports accounted up to $88.9k, resulting in a positive trade balance of $64.2M. Between April 2023 and April 2024 the exports of United States'   Ground Nuts have increased by $11M (20.7%) from $53.3M to $64.3M, while imports decreased by $-401k (-81.9%) from $490k to $88.9k.

Destinations In April 2024, Ground Nuts were exported mostly to Mexico ($15.8M), Canada ($13.2M), Netherlands ($10.9M), China ($9.11M), and Japan ($3.56M), and were imported mostly from China ($70.2k), Mexico ($13.3k), Jamaica ($5.4k), Vietnam ($0), and Canada ($0).

Growth In April 2024, the increase in Ground Nuts's year-by-year exports was explained primarily by an increase in exports to Mexico ($1.56M or 11.4%), Canada ($1.46M or 14.9%), and Spain ($800k or 134%). In April 2024, the decrease in Ground Nuts's year-by-year imports was explained primarily by a decrease in imports from Mexico ($-193k or -77.2%), China ($-54.2k or -69%), and Canada ($-481 or -6.26%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (April 2023 - April 2024)$11M(20.7%)
IMPORT GROWTH (April 2023 - April 2024)$-401k(-81.9%)
MAIN EXPORTER (April 2024)Georgia$34.2M
MAIN DESTINATION (April 2024)Mexico$15.8M

This section shows Ground Nuts's exports and imports data at subnational level for United States. 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)$543M
IMPORTS (2022)$13.9M
NET TRADE (2022)$529M

In 2022, United States exported $543M in Ground Nuts. The main destinations of United States exports on Ground Nuts were Mexico ($155M), Canada ($132M), China ($67.1M), United Kingdom ($47.1M), and Netherlands ($38.9M).

In 2022, United States imported $13.9M in Ground Nuts, mainly from Argentina ($9.92M), Paraguay ($1.6M), Nicaragua ($700k), Mexico ($509k), and China ($284k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ground Nuts EXPORT MARKETS FOR United States WERE (2021 - 2022):
United Kingdom$29.2M (162%)
Mexico$26.2M (20.3%)
Canada$19.4M (17.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ground Nuts BY United States WERE (2021 - 2022):
China-$27.8M (-29.3%)
Vietnam-$2.47M (-77.5%)
Norway-$2.1M (-38.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Ground Nuts were:
Argentina $818M
India $732M
In 2022, United States's main importing competitors in Ground Nuts were:
China $672M
Netherlands $464M
Indonesia $389M

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Trade Value of Ground Nuts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $12.3M
TOP IMPORT POTENTIALArgentina+ $866k

Ground Nuts’s highest export potential is China. With an export gap of $12.3M.   Ground Nuts’s highest import potential is Argentina with an import gap of $866k.

See methodology.

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