HS Icon Ground Nut Meal

2305 (Harmonized System 1992 for 4-digit)

World Trade (2018): $50.9M, Rnk 1195 / 1225

Top Exporter (2018): $22.4M, Sudan

Top Importer (2018): $22.4M, China

Export Growth (CAGR)(2017 - 2018): 3.97%, Rnk 996 / 1225

Mean Tariff (2018): 5.21%, Rnk 790 / 1259

Share of World Trade (2018): 0.00028%, Rnk 1195 / 1225

Overview: In 2018, Ground Nut Meal were the world's 1195th most traded product, with a total trade of $50.9M. Between 2017 and 2018 the exports of Ground Nut Meal grew by 3.97%, from  $49M to $50.9M. Trade in Ground Nut Meal represent 0.00028% of total world trade.

Exports: In 2018 the top exporters of Ground Nut Meal  were Sudan ($22.4M), Argentina ($6.76M), Belgium-Luxembourg ($5.62M), Nicaragua ($4.31M), and India ($4.24M).

Imports: In 2018 the top importers of Ground Nut Meal were China ($22.4M), Netherlands ($5.49M), United States ($4.23M), Chile ($3.75M), and France ($2.83M).

Tariffs: In 2018 the average tariff for Ground Nut Meal was 5.21%, been the 790 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Ground Nut Meal are Iceland (52.7%), Bahamas (40.2%), Tunisia (36%), Algeria (27.6%), and Maldives (24.5%). The countries with the lowest tariffs are Angola (0%), Madagascar (0%), Mauritania (0%), Mauritius (0%), and Hong Kong (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): Sudan, $22.4M

Top Destination (2018): China, $22.4M

Ground Nut Meal are the world's 1195th most traded product.

In 2018, the top exporters of Ground Nut Meal were Sudan ($22.4M), Argentina ($6.76M), Belgium-Luxembourg ($5.62M), Nicaragua ($4.31M), and India ($4.24M).

In 2018, the top importers of Ground Nut Meal were China ($22.4M), Netherlands ($5.49M), United States ($4.23M), Chile ($3.75M), and France ($2.83M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Belgium-Luxembourg, $4.59M

Top Destination Growth (2017 - 2018): Netherlands, $4.59M

Between 2017 and 2018, the exports of Ground Nut Meal grew the fastest in Belgium-Luxembourg ($4.59M), Argentina ($1.41M), India ($1.2M), Nicaragua ($995k), and Brazil ($480k).

Between 2017 and 2018, the fastest growing importers of Ground Nut Meal were Netherlands ($4.59M), Chile ($1.71M), Vietnam ($1.52M), Guatemala ($764k), and Thailand ($583k).

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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 Meal.

In 2018,  market concentration measured using Shannon Entropy, was 2.68. This means that most of the exports of Ground Nut Meal are explained by 6 countries.

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TOP NET EXPORTER (2018): Sudan, $22.4M

TOP NET IMPORTER (2018): China, $22.3M

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

In 2018, the countries that had a largest trade value in exports than in imports of Ground Nut Meal were Sudan ($22.4M), Argentina ($6.76M), Belgium-Luxembourg ($5.49M), Nicaragua ($4.31M), and India ($4.2M).

In 2018, the countries that had a largest trade value in imports than in exports of Ground Nut Meal were China ($22.3M), Netherlands ($4.11M), Chile ($3.75M), United States ($3.44M), and France ($2.81M).

Trade Forecasts

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This section shows forecasts for total trade for Ground Nut Meal. 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 Meal was 5.21%.  The countries with the highest tariffs for importing Ground Nut Meal were Iceland (52.7%), Bahamas (40.2%), Tunisia (36%), Algeria (27.6%), and Maldives (24.5%).

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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.