HS Icon Ground Nut Oil

1508 (Harmonized System 1992 for 4-digit)

Overview:  This page contains the latest trade data of Ground Nut Oil. In 2019, Ground Nut Oil were the world's 1038th most traded product, with a total trade of $454M. Between 2018 and 2019 the exports of Ground Nut Oil grew by 9.99%, from $413M to $454M. Trade in Ground Nut Oil represent 0.0025% of total world trade.

Exports: In 2019 the top exporters of Ground Nut Oil  were Argentina ($131M), Senegal ($78.1M), Brazil ($58.2M), India ($29.5M), and Sudan ($23.1M).

Imports: In 2019 the top importers of Ground Nut Oil were China ($233M), Italy ($47.4M), Netherlands ($21.2M), Hong Kong ($20.6M), and France ($18.7M).

Tariffs: In 2018 the average tariff for Ground Nut Oil was 12.5%, making it the 295th 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%).

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Argentina, $131M

Top Destination (2019): China, $233M

Ground Nut Oil are the world's 1038th most traded product.

In 2019, the top exporters of Ground Nut Oil were Argentina ($131M), Senegal ($78.1M), Brazil ($58.2M), India ($29.5M), and Sudan ($23.1M).

In 2019, the top importers of Ground Nut Oil were China ($233M), Italy ($47.4M), Netherlands ($21.2M), Hong Kong ($20.6M), and France ($18.7M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Argentina, $37.7M

Top Destination Growth (2018 - 2019): China, $85.1M

Between 2018 and 2019, the exports of Ground Nut Oil grew the fastest in Argentina ($37.7M), Senegal ($29M), Sudan ($11.4M), Iraq ($9.52M), and India ($5.81M).

Between 2018 and 2019, the fastest growing importers of Ground Nut Oil were China ($85.1M), Malaysia ($3.44M), Germany ($1.69M), Switzerland ($1.67M), and Mauritania ($723k).

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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 2019,  market concentration measured using Shannon Entropy, was 3.48. This means that most of the exports of Ground Nut Oil are explained by 11 countries.

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TOP NET EXPORTER (2019): Argentina, $131M

TOP NET IMPORTER (2019): China, $213M

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Ground Nut Oil were Argentina ($131M), Senegal ($78.1M), Brazil ($57.8M), India ($29.3M), and Sudan ($23.1M).

In 2019, the countries that had a largest trade value in imports than in exports of Ground Nut Oil were China ($213M), Italy ($44.6M), Hong Kong ($15.6M), United Arab Emirates ($14.4M), and France ($10.5M).

Disaggregation

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Value

In 2019, the world most traded Ground Nut Oil, disaggragated by their HS6 level were Ground-nut oil, crude ($355M) and Refined ground-nut oil not chemically modified ($98.7M)

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%).

Product Complexity

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Diversification Frontier

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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.

Country by Relatedness

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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.