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2022
Exports $69.2kWorld Rnk 39 / 99
Flag Rnk 1157 / 1210
2022
Destination $45.4k United States
2021 - 2022
FASTEST GROWING MARKET $45.4kUnited States
2022
PRODUCT COMPLEXITY IN Ground Nut Oil-1.93Rnk 993 / 1025
2022
Imports $9.34MWorld Rnk 9 / 185
Flag Rnk 976 / 1213
2022
Origin $1.58M United States
2021 - 2022
FASTEST GROWING ORIGIN $1.58MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $69.2k in Ground Nut Oil, making it the 39th largest exporter of Ground Nut Oil in the world. At the same year, Ground Nut Oil was the 1157th most exported product in Canada. The main destination of Ground Nut Oil exports from Canada are: United States ($60.1k), Hong Kong ($5.15k), Australia ($2.93k), Lebanon ($421), and Barbados ($383).

The fastest growing export markets for Ground Nut Oil of Canada between 2021 and 2022 were United States ($45.4k), Australia ($2.93k), and Lebanon ($264).

Imports In 2022, Canada imported $9.34M in Ground Nut Oil, becoming the 9th largest importer of Ground Nut Oil in the world. At the same year, Ground Nut Oil was the 976th most imported product in Canada. Canada imports Ground Nut Oil primarily from: United States ($7.68M), Hong Kong ($478k), China ($427k), Argentina ($222k), and India ($205k).

The fastest growing import markets in Ground Nut Oil for Canada between 2021 and 2022 were United States ($1.58M), China ($234k), and India ($117k).

Latest Trends

June 2024

About

Overview In June 2024 Canada's Ground Nut Oil exports accounted up to C$18.3k and imports accounted up to C$1.21M, resulting in a negative trade balance of C$1.19M. Between November 2020 and June 2024 the exports of Canada's   Ground Nut Oil have increased by C$15.3k (521%) from C$2.94k to C$18.3k, while imports decreased by C$-184k (-13.2%) from C$1.39M to C$1.21M.

Destinations In June 2024, Ground Nut Oil were exported mostly to United States (C$18.3k), and were imported mostly from United States (C$952k), China (C$174k), India (C$36.7k), Spain (C$23.3k), and Brazil (C$12.2k).

Growth In June 2024, the increase in Ground Nut Oil's year-by-year exports was explained primarily by an increase in exports to . In June 2024, the decrease in Ground Nut Oil's year-by-year imports was explained primarily by a decrease in imports from Argentina (C$-42.1k or -96.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2020 - June 2024)C$15.3k(521%)
IMPORT GROWTH (June 2023 - June 2024)C$-184k(-13.2%)
MAIN EXPORTER (June 2024)QuebecC$18.3k
MAIN DESTINATION (June 2024)United StatesC$18.3k

This section shows Ground Nut Oil's exports and imports data at subnational level for Canada. 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)$69.2k
IMPORTS (2022)$9.34M
NET TRADE (2022)-$9.27M

In 2022, Canada exported $69.2k in Ground Nut Oil. The main destinations of Canada exports on Ground Nut Oil were United States ($60.1k), Hong Kong ($5.15k), Australia ($2.93k), Lebanon ($421), and Barbados ($383).

In 2022, Canada imported $9.34M in Ground Nut Oil, mainly from United States ($7.68M), Hong Kong ($478k), China ($427k), Argentina ($222k), and India ($205k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ground Nut Oil EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$45.4k (309%)
Australia$2.93k (1%)
Lebanon$264 (168%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ground Nut Oil BY Canada WERE (2021 - 2022):
France-$38.3k (-100%)
Malaysia-$9.77k (-100%)
Hong Kong-$5.78k (-52.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Ground Nut Oil were:
Brazil $277M
India $156M
Argentina $128M
In 2022, Canada'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+ $65.9k
TOP IMPORT POTENTIALIndia+ $296k

Ground Nut Oil’s highest export potential is United States. With an export gap of $65.9k.   Ground Nut Oil’s highest import potential is India with an import gap of $296k.

See methodology.

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