HS Icon Ground-nuts otherwise prepared or preserved

200811 (Harmonized System 1992 for 6-digit)

World Trade (2018): $2.29B, Rnk 1210 / 4726

Top Exporter (2018): $558M, China

Top Importer (2018): $179M, Netherlands

Product Complexity (2018): -1.13, Rnk 2298 / 2722

Export Growth (CAGR)(2017 - 2018): 18.1%, Rnk 1551 / 4726

Mean Tariff (2018): 21.5%, Rnk 509 / 6538

Share of World Trade (2018): 0.012%, Rnk 1210 / 4726

Overview:  This page contains the latest trade data of Ground-nuts otherwise prepared or preserved. In 2018, Ground-nuts otherwise prepared or preserved were the world's 1210th most traded product, with a total trade of $2.29B. Between 2017 and 2018 the exports of Ground-nuts otherwise prepared or preserved grew by 18.1%, from  $1.94B to $2.29B. Trade in Ground-nuts otherwise prepared or preserved represent 0.012% of total world trade.

Exports: In 2018 the top exporters of Ground-nuts otherwise prepared or preserved  were China ($558M), Argentina ($480M), Netherlands ($255M), United States ($233M), and Germany ($91.4M).

Imports: In 2018 the top importers of Ground-nuts otherwise prepared or preserved were Netherlands ($179M), United States ($147M), France ($139M), Germany ($138M), and Japan ($125M).

Tariffs: In 2018 the average tariff for Ground-nuts otherwise prepared or preserved was 21.5%, making it the 509th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Ground-nuts otherwise prepared or preserved are Cyprus (83.2%), Austria (72.7%), United States (55%), Algeria (51.9%), and South Korea (50.9%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Maldives (0%), and Singapore (0%).

Ranking: Ground-nuts otherwise prepared or preserved ranks 2298th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $558M

Top Destination (2018): Netherlands, $179M

Ground-nuts otherwise prepared or preserved are the world's 1210th most traded product.

In 2018, the top exporters of Ground-nuts otherwise prepared or preserved were China ($558M), Argentina ($480M), Netherlands ($255M), United States ($233M), and Germany ($91.4M).

In 2018, the top importers of Ground-nuts otherwise prepared or preserved were Netherlands ($179M), United States ($147M), France ($139M), Germany ($138M), and Japan ($125M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Argentina, $155M

Top Destination Growth (2017 - 2018): Netherlands, $148M

Between 2017 and 2018, the exports of Ground-nuts otherwise prepared or preserved grew the fastest in Argentina ($155M), China ($95.7M), Netherlands ($32.9M), Poland ($19.4M), and United Arab Emirates ($16.4M).

Between 2017 and 2018, the fastest growing importers of Ground-nuts otherwise prepared or preserved were Netherlands ($148M), Indonesia ($42.2M), Philippines ($21M), United States ($15.2M), and Italy ($15.1M).

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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-nuts otherwise prepared or preserved.

In 2018,  market concentration measured using Shannon Entropy, was 3.79. This means that most of the exports of Ground-nuts otherwise prepared or preserved are explained by 13 countries.

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TOP NET EXPORTER (2018): China, $546M

TOP NET IMPORTER (2018): Japan, $124M

This map shows which countries export or import more of Ground-nuts otherwise prepared or preserved. Each country is colored based on the difference in exports and imports of Ground-nuts otherwise prepared or preserved during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Ground-nuts otherwise prepared or preserved were China ($546M), Argentina ($480M), United States ($85.2M), Netherlands ($76.9M), and India ($36.4M).

In 2018, the countries that had a largest trade value in imports than in exports of Ground-nuts otherwise prepared or preserved were Japan ($124M), France ($123M), United Kingdom ($71.5M), South Korea ($64M), and Russia ($51.5M).

Import Tariffs

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In 2018, the average tariff for importing Ground-nuts otherwise prepared or preserved was 21.5%.  The countries with the highest tariffs for importing Ground-nuts otherwise prepared or preserved were Cyprus (83.2%), Austria (72.7%), United States (55%), Algeria (51.9%), and South Korea (50.9%).

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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.