HS Icon Ground Nut Oil

1508 (Harmonized System 1992 for 4-digit)

World Trade (2018): $419M, Rnk 1063 / 1225

Top Exporter (2018): $92.3M, Argentina

Top Importer (2018): $148M, China

Export Growth (CAGR)(2017 - 2018): -1.33%, Rnk 1110 / 1225

Mean Tariff (2018): 12.5%, Rnk 295 / 1259

Share of World Trade (2018): 0.0023%, Rnk 1063 / 1225

Overview:  This page contains the latest trade data of Ground Nut Oil. In 2018, Ground Nut Oil were the world's 1063rd most traded product, with a total trade of $419M. Between 2017 and 2018 the exports of Ground Nut Oil decreased by -1.33%, from  $425M to $419M. Trade in Ground Nut Oil represent 0.0023% of total world trade.

Exports: In 2018 the top exporters of Ground Nut Oil  were Argentina ($92.3M), Brazil ($73M), Senegal ($49.1M), Nicaragua ($24.5M), and India ($23.6M).

Imports: In 2018 the top importers of Ground Nut Oil were China ($148M), Italy ($50.5M), United States ($34.6M), Netherlands ($27.4M), and Hong Kong ($22.3M).

Tariffs: In 2018 the average tariff for Ground Nut Oil was 12.5%, been the 295 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Ground Nut Oil are Taiwan (336%), Jamaica (40%), Trinidad and Tobago (37.8%), Barbados (36.7%), and Tunisia (36%). The countries with the lowest tariffs are Angola (0%), Hong Kong (0%), Japan (0%), Laos (0%), and Maldives (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): Argentina, $92.3M

Top Destination (2018): China, $148M

Ground Nut Oil are the world's 1063rd most traded product.

In 2018, the top exporters of Ground Nut Oil were Argentina ($92.3M), Brazil ($73M), Senegal ($49.1M), Nicaragua ($24.5M), and India ($23.6M).

In 2018, the top importers of Ground Nut Oil were China ($148M), Italy ($50.5M), United States ($34.6M), Netherlands ($27.4M), and Hong Kong ($22.3M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Iran, $20.2M

Top Destination Growth (2017 - 2018): United Arab Emirates, $17.6M

Between 2017 and 2018, the exports of Ground Nut Oil grew the fastest in Iran ($20.2M), Senegal ($19.4M), Netherlands ($11.5M), Saudi Arabia ($7.9M), and Brazil ($6.21M).

Between 2017 and 2018, the fastest growing importers of Ground Nut Oil were United Arab Emirates ($17.6M), Afghanistan ($11.9M), Belgium-Luxembourg ($6.27M), United Kingdom ($4.59M), and United States ($4.58M).

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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 Nut Oil.

In 2018,  market concentration measured using Shannon Entropy, was 3.76. This means that most of the exports of Ground Nut Oil are explained by 13 countries.

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TOP NET EXPORTER (2018): Argentina, $92.3M

TOP NET IMPORTER (2018): China, $125M

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 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Ground Nut Oil were Argentina ($92.3M), Brazil ($72.7M), Senegal ($49.1M), Nicaragua ($24.5M), and India ($23.5M).

In 2018, the countries that had a largest trade value in imports than in exports of Ground Nut Oil were China ($125M), Italy ($47M), United States ($22.1M), United Arab Emirates ($19.1M), and Hong Kong ($17.1M).

Trade Forecasts

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This section shows forecasts for total trade for Ground Nut Oil. 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 Nut Oil was 12.5%.  The countries with the highest tariffs for importing Ground Nut Oil were Taiwan (336%), Jamaica (40%), Trinidad and Tobago (37.8%), Barbados (36.7%), and Tunisia (36%).

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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.