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2022
Exports | Imports $20.3M | $54.3MWorld Rnk 8 / 99
Flag Rnk 980 / 1217
World Rnk 3 / 185
Flag Rnk 958 / 1216
2021 - 2022
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN $1.58M | $12.6MCanada |  Nicaragua
2022
ECONOMIC COMPLEXITY of United States1.41Rnk 10 / 124
2022
PRODUCT COMPLEXITY IN Ground Nut Oil-1.96Rnk 992 / 1025

About

Exports In 2022, United States exported $20.3M in Ground Nut Oil, making it the 8th largest exporter of Ground Nut Oil in the world. At the same year, Ground Nut Oil was the 980th most exported product in United States. The main destination of Ground Nut Oil exports from United States are: Canada ($7.68M), Hong Kong ($4.05M), China ($2.52M), Brazil ($1.41M), and Germany ($1.32M).

The fastest growing export markets for Ground Nut Oil of United States between 2021 and 2022 were Canada ($1.58M), Brazil ($979k), and Malaysia ($251k).

Imports In 2022, United States imported $54.3M in Ground Nut Oil, becoming the 3rd largest importer of Ground Nut Oil in the world. At the same year, Ground Nut Oil was the 958th most imported product in United States. United States imports Ground Nut Oil primarily from: Argentina ($29.4M), Nicaragua ($18M), India ($1.94M), Hong Kong ($1.25M), and China ($1.19M).

The fastest growing import markets in Ground Nut Oil for United States between 2021 and 2022 were Nicaragua ($12.6M), India ($837k), and Mexico ($244k).

COMPANIES In 2023, leading companies such as ELECTROLUX HOME PRODUCTS, INC. (224), LG ELECTRONICS U.S.A. INC. (178), and HILTI NDC NEW JERSEY (84) were at the forefront of shipping Ground Nut Oil to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United States' Ground Nut Oil exports accounted up to $1.04M and imports accounted up to $1.09M, resulting in a negative trade balance of $48.1k. Between January 2023 and January 2024 the exports of United States'   Ground Nut Oil have decreased by $-324k (-23.8%) from $1.36M to $1.04M, while imports increased by $312k (40.3%) from $774k to $1.09M.

Destinations In January 2024, Ground Nut Oil were exported mostly to Canada ($550k), Hong Kong ($273k), Malaysia ($156k), Israel ($16.8k), and India ($14.9k), and were imported mostly from India ($461k), Hong Kong ($285k), China ($153k), Brazil ($144k), and Mexico ($24.9k).

Growth In January 2024, the decrease in Ground Nut Oil's year-by-year exports was explained primarily by a decrease in exports to China ($-765k or -94.1%), Hong Kong ($-419k or -72.7%), and Brazil ($-80.3k or -92.6%). In January 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 (January 2023 - January 2024)$-324k(-23.8%)
IMPORT GROWTH (January 2023 - January 2024)$312k(40.3%)
MAIN EXPORTER (January 2024)Georgia$567k
MAIN DESTINATION (January 2024)Canada$550k

This section shows Ground Nut Oil's exports and imports data at subnational level for United States. 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)$20.3M
IMPORTS (2022)$54.3M
NET TRADE (2022)-$34M

In 2022, United States exported $20.3M in Ground Nut Oil. The main destinations of United States exports on Ground Nut Oil were Canada ($7.68M), Hong Kong ($4.05M), China ($2.52M), Brazil ($1.41M), and Germany ($1.32M).

In 2022, United States imported $54.3M in Ground Nut Oil, mainly from Argentina ($29.4M), Nicaragua ($18M), India ($1.94M), Hong Kong ($1.25M), and China ($1.19M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ground Nut Oil EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$1.58M (25.8%)
Brazil$979k (227%)
Malaysia$251k (24.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ground Nut Oil BY United States WERE (2021 - 2022):
China-$6.06M (-70.6%)
Belgium-$1.53M (-99.9%)
Hong Kong-$305k (-6.99%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Ground Nut Oil were:
Brazil $277M
India $156M
Argentina $128M
In 2022, United States's main importing competitors in Ground Nut Oil were:
China $475M
Italy $65.8M

Explore Visualizations

Trade Value of Ground Nut Oil by Exporters

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