HS Icon Ground-nut oil, crude

150810 (Harmonized System 1992 for 6-digit)

Overview This page contains the latest trade data of Ground-nut oil, crude. In 2019, Ground-nut oil, crude were the world's 3104th most traded product, with a total trade of $355M. Between 2018 and 2019 the exports of Ground-nut oil, crude grew by 23.3%, from $288M to $355M. Trade in Ground-nut oil, crude represent 0.002% of total world trade.

Exports In 2019 the top exporters of Ground-nut oil, crude  were Argentina ($130M), Senegal ($78.1M), Brazil ($47.3M), Sudan ($23.1M), and India ($19.8M).

Imports In 2019 the top importers of Ground-nut oil, crude were China ($216M), Italy ($42.5M), Netherlands ($14.5M), Belgium ($14M), and United States ($13.9M).

Tariffs In 2018 the average tariff for Ground-nut oil, crude was 10.9%, making it the 2010th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Ground-nut oil, crude 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%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking Ground-nut oil, crude ranks 4807th in the Product Complexity Index (PCI).

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Argentina, $130M

Top Destination (2019): China, $216M

Ground-nut oil, crude are the world's 3104th most traded product.

In 2019, the top exporters of Ground-nut oil, crude were Argentina ($130M), Senegal ($78.1M), Brazil ($47.3M), Sudan ($23.1M), and India ($19.8M).

In 2019, the top importers of Ground-nut oil, crude were China ($216M), Italy ($42.5M), Netherlands ($14.5M), Belgium ($14M), and United States ($13.9M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Argentina, $37.6M

Top Destination Growth (2018 - 2019): China, $86.5M

Between 2018 and 2019, the exports of Ground-nut oil, crude grew the fastest in Argentina ($37.6M), Senegal ($29M), Sudan ($11.7M), Iraq ($9.52M), and Gambia ($5.07M).

Between 2018 and 2019, the fastest growing importers of Ground-nut oil, crude were China ($86.5M), Malaysia ($3.48M), Switzerland ($2.22M), Germany ($1.97M), and Canada ($1.27M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Ground-nut oil, crude.

In 2019,  market concentration measured using Shannon Entropy, was 2.79. This means that most of the exports of Ground-nut oil, crude are explained by 6 countries.

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TOP NET EXPORTER (2019): Argentina, $130M

TOP NET IMPORTER (2019): China, $214M

This map shows which countries export or import more of Ground-nut oil, crude. Each country is colored based on the difference in exports and imports of Ground-nut oil, crude during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Ground-nut oil, crude were Argentina ($130M), Senegal ($78.1M), Brazil ($47.3M), Sudan ($23.1M), and India ($19.8M).

In 2019, the countries that had a largest trade value in imports than in exports of Ground-nut oil, crude were China ($214M), Italy ($42.2M), Belgium ($13.8M), France ($12.5M), and United Arab Emirates ($12.2M).

Import Tariffs

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In 2018, the average tariff for importing Ground-nut oil, crude was 10.9%. The countries with the highest tariffs for importing Ground-nut oil, crude 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.