Ground Nut Oil in India | The Observatory of Economic Complexity

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Exports In 2023, India exported $229M 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 279th most exported product in India. The main destination of Ground Nut Oil exports from India are: China ($218M), United States ($3.64M), Vietnam ($3.3M), Singapore ($1.02M), and Australia ($522k).

The fastest growing export markets for Ground Nut Oil of India between 2022 and 2023 were China ($85.3M), Vietnam ($2.3M), and United States ($1.58M).

Imports In 2023, India imported $151k in Ground Nut Oil, becoming the 45th largest importer of Ground Nut Oil in the world. At the same year, Ground Nut Oil was the 1167th most imported product in India. India imports Ground Nut Oil primarily from: Italy ($56.7k), United States ($32.7k), France ($30.9k), Germany ($28.5k), and United Arab Emirates ($1.47k).

The fastest growing import markets in Ground Nut Oil for India between 2022 and 2023 were Italy ($56.7k), France ($30.9k), and United States ($13.9k).

COMPANIES In 2023, leading companies such as TE Connectivity (2) were at the forefront of shipping Ground Nut Oil from India to the United States.

Latest Trends

Dec 2024

Subnational Monthly Trade

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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

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EXPORTS (2023)$229M

IMPORTS (2023)$151k

NET TRADE (2023)$229M

In 2023, India exported $229M in Ground Nut Oil. The main destinations of India exports on Ground Nut Oil were China ($218M), United States ($3.64M), Vietnam ($3.3M), Singapore ($1.02M), and Australia ($522k).

In 2023, India imported $151k in Ground Nut Oil, mainly from Italy ($56.7k), United States ($32.7k), France ($30.9k), Germany ($28.5k), and United Arab Emirates ($1.47k).

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Import Origins (2023)

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THE FASTEST GROWING Ground Nut Oil EXPORT MARKETS FOR India WERE (2022 - 2023):

China$85.3M (64.3%)

Vietnam$2.3M (229%)

United States$1.58M (77.2%)

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ground Nut Oil BY India WERE (2022 - 2023):

Hong Kong-$166k (-93.1%)

United Kingdom-$143k (-54.2%)

Democratic Republic of the Congo-$38.8k (-83.4%)

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Change in Exports by Market (2022 - 2023)

Market Concentration

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In 2023, India's main exporting competitors in Ground Nut Oil were:

Brazil $192M

Argentina $103M

In 2023, India's main importing competitors in Ground Nut Oil were:

China $446M

Italy $62.7M

United States $39.6M

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Trade Value of Ground Nut Oil by Exporters

Potential Exports

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TOP EXPORT POTENTIALChina+ $15.9M

TOP IMPORT POTENTIALUnited States+ $20k

Ground Nut Oil’s highest export potential is China. With an export gap of $15.9M. Ground Nut Oil’s highest import potential is United States with an import gap of $20k.

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Latest Trends

Subnational Monthly Trade

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Historical Data

Trade Balance

Export Destinations (2023)

Import Origins (2023)

Market Growth

Change in Exports by Market (2022 - 2023)

Market Concentration

Trade Value of Ground Nut Oil by Exporters

Potential Exports

Potential Exports

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