2023
Exports
$4.94MWorld Rnk 13 / 108
Flag Rnk 597 / 1181
2023
PRODUCT COMPLEXITY IN Ground Nut Oil
-2.11Rnk 1006 / 1025
2023
Imports
$28.1MWorld Rnk 4 / 183
Flag Rnk 479 / 1207
2023
ECONOMIC COMPLEXITY of Hong Kong
1.12Rnk 23 / 132

About

Exports In 2023, Hong Kong exported $4.94M in Ground Nut Oil, making it the 13th largest exporter of Ground Nut Oil in the world. At the same year, Ground Nut Oil was the 597th most exported product in Hong Kong. The main destination of Ground Nut Oil exports from Hong Kong are: Macau ($1.65M), United States ($1.31M), Australia ($749k), Canada ($549k), and China ($361k).

The fastest growing export markets for Ground Nut Oil of Hong Kong between 2022 and 2023 were Macau ($255k), Canada ($70.1k), and United States ($60.2k).

Imports In 2023, Hong Kong imported $28.1M in Ground Nut Oil, becoming the 4th largest importer of Ground Nut Oil in the world. At the same year, Ground Nut Oil was the 479th most imported product in Hong Kong. Hong Kong imports Ground Nut Oil primarily from: China ($17.8M), Nicaragua ($3.75M), United States ($3.52M), Argentina ($1.83M), and Chinese Taipei ($646k).

The fastest growing import markets in Ground Nut Oil for Hong Kong between 2022 and 2023 were Argentina ($1.74M), Chinese Taipei ($646k), and Belgium ($373k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Ground Nut Oil. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$4.94M
IMPORTS (2023)$28.1M
NET TRADE (2023)-$23.2M

In 2023, Hong Kong exported $4.94M in Ground Nut Oil. The main destinations of Hong Kong exports on Ground Nut Oil were Macau ($1.65M), United States ($1.31M), Australia ($749k), Canada ($549k), and China ($361k).

In 2023, Hong Kong imported $28.1M in Ground Nut Oil, mainly from China ($17.8M), Nicaragua ($3.75M), United States ($3.52M), Argentina ($1.83M), and Chinese Taipei ($646k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Ground Nut Oil EXPORT MARKETS FOR Hong Kong WERE (2022 - 2023):
Macau$255k (18.3%)
Canada$70.1k (14.6%)
United States$60.2k (4.82%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ground Nut Oil BY Hong Kong WERE (2022 - 2023):
Australia-$246k (-24.7%)
China-$134k (-27.1%)
New Zealand-$7.2k (-19.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hong Kong's main exporting competitors in Ground Nut Oil were:
In 2023, Hong Kong's main importing competitors in Ground Nut Oil were:

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Trade Value of Ground Nut Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $697k
TOP IMPORT POTENTIALIndia+ $331k

Ground Nut Oil’s highest export potential is China. With an export gap of $697k.   Ground Nut Oil’s highest import potential is India with an import gap of $331k.

See methodology.

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