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2022
Exports $277MWorld Rnk 1 / 99
Flag Rnk 108 / 1206
2022
Destination $124M China
2021 - 2022
FASTEST GROWING MARKET $124MChina
2022
PRODUCT COMPLEXITY IN Ground Nut Oil-1.93Rnk 993 / 1025
2022
Imports $1.5MWorld Rnk 21 / 185
Flag Rnk 1004 / 1198
2022
Origin $979k United States
2021 - 2022
FASTEST GROWING ORIGIN $979kUnited States
2022
ECONOMIC COMPLEXITY of Brazil0.36Rnk 49 / 133

About

Exports In 2022, Brazil exported $277M in Ground Nut Oil, making it the 1st largest exporter of Ground Nut Oil in the world. At the same year, Ground Nut Oil was the 108th most exported product in Brazil. The main destination of Ground Nut Oil exports from Brazil are: China ($230M), Italy ($44.8M), Netherlands ($941k), United States ($415k), and Canada ($155k).

The fastest growing export markets for Ground Nut Oil of Brazil between 2021 and 2022 were China ($124M), Italy ($4.44M), and Netherlands ($614k).

Imports In 2022, Brazil imported $1.5M in Ground Nut Oil, becoming the 21st largest importer of Ground Nut Oil in the world. At the same year, Ground Nut Oil was the 1004th most imported product in Brazil. Brazil imports Ground Nut Oil primarily from: United States ($1.41M), Germany ($71.6k), France ($7.78k), Belgium ($2.5k), and Switzerland ($953).

The fastest growing import markets in Ground Nut Oil for Brazil between 2021 and 2022 were United States ($979k), Germany ($4.5k), and China ($110).

Latest Trends

August 2024

About

Overview In August 2024 Brazil's Ground Nut Oil exports accounted up to $9.25M and imports accounted up to $32.4k, resulting in a positive trade balance of $9.22M. Between August 2023 and August 2024 the exports of Brazil's   Ground Nut Oil have decreased by $-1.5M (-14%) from $10.7M to $9.25M, while imports increased by $21.8k (206%) from $10.6k to $32.4k.

Destinations In August 2024, Ground Nut Oil were exported mostly to China ($2.97M), Italy ($2.62M), United States ($2.08M), Netherlands ($1.53M), and Japan ($50.4k), and were imported mostly from Germany ($30.9k), Italy ($1.44k), and Belgium ($71).

Growth In August 2024, the decrease in Ground Nut Oil's year-by-year exports was explained primarily by a decrease in exports to Cyprus ($-329 or -79.9%), Liberia ($-185 or -68%), and Greece ($-90 or -34.4%). In August 2024, the increase in Ground Nut Oil's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-1.5M(-14%)
IMPORT GROWTH (June 2023 - August 2024)$21.8k(206%)
MAIN EXPORTER (August 2024)São Paulo$13.3M
MAIN DESTINATION (August 2024)China$2.97M

This section shows Ground Nut Oil's exports and imports data at subnational level for Brazil. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Ground Nut Oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$277M
IMPORTS (2022)$1.5M
NET TRADE (2022)$275M

In 2022, Brazil exported $277M in Ground Nut Oil. The main destinations of Brazil exports on Ground Nut Oil were China ($230M), Italy ($44.8M), Netherlands ($941k), United States ($415k), and Canada ($155k).

In 2022, Brazil imported $1.5M in Ground Nut Oil, mainly from United States ($1.41M), Germany ($71.6k), France ($7.78k), Belgium ($2.5k), and Switzerland ($953).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ground Nut Oil EXPORT MARKETS FOR Brazil WERE (2021 - 2022):
China$124M (116%)
Italy$4.44M (11%)
Netherlands$614k (187%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ground Nut Oil BY Brazil WERE (2021 - 2022):
United States-$3.41M (-89.1%)
South Africa-$298k (-100%)
Australia-$269k (-78.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Brazil's main exporting competitors in Ground Nut Oil were:
India $156M
Argentina $128M
In 2022, Brazil's main importing competitors in Ground Nut Oil were:
China $475M
Italy $65.8M
United States $54.3M

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Trade Value of Ground Nut Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $928k
TOP IMPORT POTENTIALGermany+ $15.9k

Ground Nut Oil’s highest export potential is United States. With an export gap of $928k.   Ground Nut Oil’s highest import potential is Germany with an import gap of $15.9k.

See methodology.

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