Ground nut oil and its fractions; whether or not refined, but not chemically modified

1508 (Harmonized System 1992 for 4-digit)

About

Overview This page contains the latest trade data of Ground Nut Oil. In 2021, Ground Nut Oil were the world's 991st most traded product, with a total trade of $713M. Between 2020 and 2021 the exports of Ground Nut Oil decreased by -1.32%, from $723M to $713M. Trade in Ground Nut Oil represent 0.0034% of total world trade.

Ground Nut Oil are a part of Animal or vegetable fats, oils, & waxes. They include Ground-nut oil, crude and Refined ground-nut oil not chemically modified.

Exports In 2021 the top exporters of Ground Nut Oil  were India ($228M), Brazil ($152M), Argentina ($90.9M), Sudan ($46.9M), and Senegal ($36.3M).

Imports In 2021 the top importers of Ground Nut Oil were China ($434M), Italy ($72.5M), United States ($48.6M), Hong Kong ($31.6M), and France ($23.8M).

Ranking Ground Nut Oil ranks 996th in the Product Complexity Index (PCI).

Latest Data

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Y-AXIS SCALE

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.

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Historical Data

Exporters and Importers

Top Origin (2021)India$228M
Top Destination (2021)China$434M

In 2021 Ground Nut Oil were the world's 991st most traded product (out of 1,217).

In 2021, the top exporters of Ground Nut Oil were India ($228M), Brazil ($152M), Argentina ($90.9M), Sudan ($46.9M), and Senegal ($36.3M).

In 2021, the top importers of Ground Nut Oil were China ($434M), Italy ($72.5M), United States ($48.6M), Hong Kong ($31.6M), and France ($23.8M).

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Exporters of Ground Nut Oil (2021)
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Importers of Ground Nut Oil (2021)
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Market Dynamics

Color
Top Origin Growth (2020 -  2021)Brazil$39.4M
Top Destination Growth (2020 -  2021)United States$35.6M

Between 2020 and 2021, the exports of Ground Nut Oil grew the fastest in Brazil ($39.4M), Senegal ($21.5M), Nicaragua ($10.4M), Belgium ($5.34M), and Italy ($4.86M).

Between 2020 and 2021, the fastest growing importers of Ground Nut Oil were United States ($35.6M), France ($9.27M), Italy ($7.37M), Switzerland ($4.16M), and Hong Kong ($3.42M).

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Exporters of Ground Nut Oil (2020 - 2021)

Importers of Ground Nut Oil (2020 - 2021)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Ground Nut Oil.

In 2021, market concentration measured using Shannon Entropy, was 3.11. This means that most of the exports of Ground Nut Oil are explained by 8 countries.

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Value of Exports in Ground Nut Oil

Net Trade

TOP NET EXPORTER (2021)India$227M
TOP NET IMPORTER (2021)China$408M

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 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Ground Nut Oil were India ($227M), Brazil ($151M), Argentina ($90.8M), Sudan ($46.9M), and Senegal ($36.3M).

In 2021, the countries that had a largest trade value in imports than in exports of Ground Nut Oil were China ($408M), Italy ($62.4M), Hong Kong ($26M), United States ($23.7M), and Netherlands ($17.1M).

Net Trade (2021)

Disaggregation

Value

In 2021, the world most traded Ground Nut Oil, disaggragated by their HS6 level were Ground-nut oil, crude ($579M) and Refined ground-nut oil not chemically modified ($134M)

HS6 Disaggregation for Ground Nut Oil (2021)
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Country Comparison

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Measure
Ranking

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.

Top 10 Exporters Countries of Ground Nut Oil by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

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.

Relatedness vs Country Complexity (2021)

Country by Relatedness

The following visualization shows the relatedness of Ground Nut Oil to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2021)

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