HS Icon Ground Nuts

1202 (Harmonized System 1992 for 4-digit)

World Trade (2018): $2.61B, Rnk 663 / 1225

Top Exporter (2018): $474M, United States

Top Importer (2018): $278M, Indonesia

Product Complexity (2018): -2.25, Rnk 1008 / 1018

Export Growth (CAGR)(2017 - 2018): -9.69%, Rnk 1175 / 1225

Mean Tariff (2018): 10.9%, Rnk 375 / 1259

Share of World Trade (2018): 0.014%, Rnk 663 / 1225

Overview: In 2018, Ground Nuts were the world's 663rd most traded product, with a total trade of $2.61B. Between 2017 and 2018 the exports of Ground Nuts decreased by -9.69%, from  $2.89B to $2.61B. Trade in Ground Nuts represent 0.014% of total world trade.

Exports: In 2018 the top exporters of Ground Nuts  were United States ($474M), India ($456M), China ($367M), Brazil ($234M), and Argentina ($232M).

Imports: In 2018 the top importers of Ground Nuts were Indonesia ($278M), Netherlands ($260M), Germany ($163M), China ($161M), and Mexico ($160M).

Tariffs: In 2018 the average tariff for Ground Nuts was 10.9%, been the 375 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Ground Nuts are South Korea (218%), Cyprus (95.7%), United States (70.7%), and Belize (38.1%). The countries with the lowest tariffs are Mauritius (0%), Armenia (0%), Hong Kong (0%), Kazakhstan (0%), and Kyrgyzstan (0%).

Ranking: Ground Nuts ranks 1008th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $474M

Top Destination (2018): Indonesia, $278M

Ground Nuts are the world's 663rd most traded product.

In 2018, the top exporters of Ground Nuts were United States ($474M), India ($456M), China ($367M), Brazil ($234M), and Argentina ($232M).

In 2018, the top importers of Ground Nuts were Indonesia ($278M), Netherlands ($260M), Germany ($163M), China ($161M), and Mexico ($160M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Netherlands, $77.2M

Top Destination Growth (2017 - 2018): Germany, $42.3M

Between 2017 and 2018, the exports of Ground Nuts grew the fastest in Netherlands ($77.2M), Brazil ($35.5M), Burma ($29.5M), Uzbekistan ($18.2M), and Belgium-Luxembourg ($14.8M).

Between 2017 and 2018, the fastest growing importers of Ground Nuts were Germany ($42.3M), Afghanistan ($16.3M), Australia ($15M), Poland ($12.7M), and Thailand ($11.5M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Ground Nuts.

In 2018,  market concentration measured using Shannon Entropy, was 3.81. This means that most of the exports of Ground Nuts are explained by 14 countries.

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TOP NET EXPORTER (2018): United States, $467M

TOP NET IMPORTER (2018): Indonesia, $274M

This map shows which countries export or import more of Ground Nuts. Each country is colored based on the difference in exports and imports of Ground Nuts during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Ground Nuts were United States ($467M), India ($455M), Argentina ($231M), Brazil ($231M), and China ($206M).

In 2018, the countries that had a largest trade value in imports than in exports of Ground Nuts were Indonesia ($274M), Mexico ($154M), Germany ($133M), Canada ($128M), and Vietnam ($111M).

Trade Forecasts

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This section shows forecasts for total trade for Ground Nuts. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Ground Nuts was 10.9%.  The countries with the highest tariffs for importing Ground Nuts were South Korea (218%), Cyprus (95.7%), United States (70.7%), and Belize (38.1%).

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Product Complexity

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Diversification Frontier

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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.