Ground Nut Oil1508 (Harmonized System 1992 for 4-digit)
2020 World Trade: $722M, Rnk 956 / 1217
2020 Top Exporter | Top Importer: $300M | $509M, China | India
2020 Product Complexity: -1.77, Rnk 987 / 1028
2019 - 2020 Export Growth (CAGR): 54.3%, Rnk 14 / 1217
2018 Mean Tariff: 12.4%, Rnk 292 / 1259
2020 Share of World Trade: 0.0043%, Rnk 956 / 1217
Overview This page contains the latest trade data of Ground Nut Oil. In 2020, Ground Nut Oil were the world's 956th most traded product, with a total trade of $722M. Between 2019 and 2020 the exports of Ground Nut Oil grew by 54.3%, from $468M to $722M. Trade in Ground Nut Oil represent 0.0043% of total world trade.
Ground Nut Oil are a part of Animal or vegetable fats and oils and their cleavage products. They include Ground-nut oil, crudeand Refined ground-nut oil not chemically modified.
Exports In 2020 the top exporters of Ground Nut Oil were India ($300M), Brazil ($112M), Argentina ($102M), Sudan ($53.1M), and China ($27.7M).
Imports In 2020 the top importers of Ground Nut Oil were China ($509M), Italy ($64.9M), Hong Kong ($28.2M), Netherlands ($21.3M), and France ($14.5M).
Tariffs In 2018 the average tariff for Ground Nut Oil was 12.4%, making it the 292nd lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Ground Nut Oil are Taiwan (336%), India (85.3%), Bhutan (49.8%), and Switzerland (45.5%). The countries with the lowest tariffs are Angola (0%), Hong Kong (0%), Japan (0%), Laos (0%), and Maldives (0%).
Ranking Ground Nut Oil ranks 987th in the Product Complexity Index (PCI).
The following visualization shows the latest trends on Ground Nut Oil. Countries are shown based on data availability.
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Ground Nut Oil are the world's 956th most traded product.
In 2020, the top exporters of Ground Nut Oil were India ($300M), Brazil ($112M), Argentina ($102M), Sudan ($53.1M), and China ($27.7M).
In 2020, the top importers of Ground Nut Oil were China ($509M), Italy ($64.9M), Hong Kong ($28.2M), Netherlands ($21.3M), and France ($14.5M).
Trade by country
Between 2019 and 2020, the exports of Ground Nut Oil grew the fastest in India ($270M), Brazil ($54M), Sudan ($30M), United States ($12.2M), and China ($7.82M).
Between 2019 and 2020, the fastest growing importers of Ground Nut Oil were China ($276M), Italy ($17.6M), Hong Kong ($7.81M), Ethiopia ($883k), and Germany ($637k).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Ground Nut Oil.
In 2020, market concentration measured using Shannon Entropy, was 2.89. This means that most of the exports of Ground Nut Oil are explained by 7 countries.
This map shows which countries export or import more of Ground Nut Oil. Each country is colored based on the difference in exports and imports of Ground Nut Oil during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Ground Nut Oil were India ($299M), Brazil ($112M), Argentina ($102M), Sudan ($53.1M), and Nicaragua ($23.6M).
In 2020, the countries that had a largest trade value in imports than in exports of Ground Nut Oil were China ($481M), Italy ($60M), Hong Kong ($21.9M), Netherlands ($12.2M), and France ($9.02M).
In 2019, the world most traded Ground Nut Oil, disaggragated by their HS6 level were Ground-nut oil, crude ($587M)and Refined ground-nut oil not chemically modified ($135M)
This visualization shows the countries that have an important ratio of their trade related to Ground Nut Oil. It is possible to select the main countries that export or import Ground Nut Oil in the world, or by continent, as well as select the measure of interest.
In 2018, the average tariff for importing Ground Nut Oil was 12.4%. The countries with the highest tariffs for importing Ground Nut Oil were Taiwan (336%), India (85.3%), Bhutan (49.8%), and Switzerland (45.5%).
The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.
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