Ground Nut OilGround nut oil and its fractions; whether or not refined, but not chemically modified
1508 (Harmonized System 1992 for 4-digit)
2021 World Trade: $713M, Rnk 991 / 1217
2021 Top Exporter | Top Importer: $228M | $434M, India | China
2021 Product Complexity: -2, Rnk 996 / 1024
2020 - 2021 Export Growth (CAGR): -1.32%, Rnk 1140 / 1217
2018 Mean Tariff: 12.4%, Rnk 292 / 1259
2021 Share of World Trade: <0.01%, Rnk 991 / 1217
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 0.000034% 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).
Tariffs In 2018 the average tariff for Ground Nut Oil was 12.4%, making it the 292nd lowest tariff using the HS4 product classification.
Ranking Ground Nut Oil ranks 996th 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 991st most traded product.
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).
Trade by country
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).
Cumulative market share
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.
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).
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)
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.
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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