Ground Nuts1202 (Harmonized System 1992 for 4-digit)
2019 World Trade: $3.19B, Rnk 615 / 1217
2019 Top Exporter | Top Importer: $595M | $432M, India | China
2019 Product Complexity: -2.46, Rnk 951 / 961
2018 - 2019 Export Growth (CAGR): 20.6%, Rnk 31 / 1217
2018 Mean Tariff: 10.9%, Rnk 375 / 1259
2019 Share of World Trade: 0.018%, Rnk 615 / 1217
Overview: This page contains the latest trade data of Ground Nuts. In 2019, Ground Nuts were the world's 615th most traded product, with a total trade of $3.19B. Between 2018 and 2019 the exports of Ground Nuts grew by 20.6%, from $2.65B to $3.19B. Trade in Ground Nuts represent 0.018% of total world trade.
Exports: In 2019 the top exporters of Ground Nuts were India ($595M), United States ($497M), Argentina ($453M), China ($331M), and Brazil ($235M).
Imports: In 2019 the top importers of Ground Nuts were China ($432M), Netherlands ($317M), Indonesia ($315M), Vietnam ($200M), and Germany ($149M).
Tariffs: In 2018 the average tariff for Ground Nuts was 10.9%, making it the 375th 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 951st in the Product Complexity Index (PCI).
Trade By Country
Ground Nuts are the world's 615th most traded product.
In 2019, the top exporters of Ground Nuts were India ($595M), United States ($497M), Argentina ($453M), China ($331M), and Brazil ($235M).
In 2019, the top importers of Ground Nuts were China ($432M), Netherlands ($317M), Indonesia ($315M), Vietnam ($200M), and Germany ($149M).
Trade by country
Between 2018 and 2019, the exports of Ground Nuts grew the fastest in Argentina ($219M), India ($140M), Senegal ($121M), Sudan ($60.3M), and Ethiopia ($51.6M).
Between 2018 and 2019, the fastest growing importers of Ground Nuts were China ($245M), Vietnam ($94.8M), Netherlands ($57.3M), Indonesia ($40.4M), and Russia ($39M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Ground Nuts.
In 2019, market concentration measured using Shannon Entropy, was 3.82. This means that most of the exports of Ground Nuts are explained by 14 countries.
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 2019.
In 2019, the countries that had a largest trade value in exports than in imports of Ground Nuts were India ($593M), United States ($478M), Argentina ($453M), Brazil ($232M), and Senegal ($192M).
In 2019, the countries that had a largest trade value in imports than in exports of Ground Nuts were Indonesia ($311M), Netherlands ($150M), Russia ($146M), Mexico ($138M), and Vietnam ($135M).
In 2019, the world most traded Ground Nuts, disaggragated by their HS6 level were Ground-nuts shelled, not roasted or cooked ($2.86B) and Ground-nuts in shell not roasted or... ($334M)
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%).
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.
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