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2023
Exports $386MWorld Rnk 6 / 150
Flag Rnk 624 / 1215
2023
Destination $10.7M Indonesia
2022 - 2023
FASTEST GROWING MARKET $10.7MUnited Kingdom
2023
PRODUCT COMPLEXITY IN Ground Nuts-2.38Rnk 1017 / 1025
2023
Imports $716MWorld Rnk 1 / 207
Flag Rnk 280 / 1214
2023
Origin $44.8M Sudan
2022 - 2023
FASTEST GROWING ORIGIN $44.8MSudan
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $386M in Ground Nuts, making it the 6th largest exporter of Ground Nuts in the world. At the same year, Ground Nuts was the 624th most exported product in China. The main destination of Ground Nuts exports from China are: Indonesia ($58.7M), Thailand ($37.8M), Philippines ($31.5M), Netherlands ($23.3M), and Japan ($22.4M).

The fastest growing export markets for Ground Nuts of China between 2022 and 2023 were United Kingdom ($10.7M), Vietnam ($8.37M), and Lebanon ($5.07M).

Imports In 2023, China imported $716M in Ground Nuts, becoming the 1st largest importer of Ground Nuts in the world. At the same year, Ground Nuts was the 280th most imported product in China. China imports Ground Nuts primarily from: Sudan ($433M), Senegal ($158M), United States ($96.2M), Argentina ($10.3M), and India ($7.7M).

The fastest growing import markets in Ground Nuts for China between 2022 and 2023 were Sudan ($44.8M), United States ($34.2M), and Senegal ($9.52M).

COMPANIES In 2024, leading companies such as Volvo (31), Dollarama (12), and Vestas (10) were at the forefront of shipping Ground Nuts from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Ground Nuts exports accounted up to $26.8M and imports accounted up to $31.8M, resulting in a negative trade balance of $5M. Between December 2023 and December 2024 the exports of China's   Ground Nuts have increased by $1.36M (5.33%) from $25.5M to $26.8M, while imports increased by $25.8M (426%) from $6.06M to $31.8M.

Destinations In December 2024, Ground Nuts were exported mostly to Japan ($3.39M), Thailand ($3.27M), Vietnam ($2.83M), Philippines ($2.79M), and Spain ($1.93M), and were imported mostly from Sudan ($22.5M), United States ($7.61M), India ($1.12M), Uzbekistan ($251k), and Argentina ($174k).

Growth In December 2024, the increase in Ground Nuts's year-by-year exports was explained primarily by an increase in exports to Japan ($1.52M or 98.4%), Iran ($1.27M or 537%), and Vietnam ($1.07M or 207%). In December 2024, the increase in Ground Nuts's year-by-year imports was explained primarily by an increase in imports from United States ($3.25M or 99.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$1.36M(5.33%)
IMPORT GROWTH (December 2023 - December 2024)$25.8M(426%)
MAIN EXPORTER (December 2024)Shandong Province$23.4M
MAIN DESTINATION (December 2024)Japan$3.39M

This section shows Ground Nuts's exports and imports data at subnational level for China. 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 Nuts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$386M
IMPORTS (2023)$716M
NET TRADE (2023)-$330M

In 2023, China exported $386M in Ground Nuts. The main destinations of China exports on Ground Nuts were Indonesia ($58.7M), Thailand ($37.8M), Philippines ($31.5M), Netherlands ($23.3M), and Japan ($22.4M).

In 2023, China imported $716M in Ground Nuts, mainly from Sudan ($433M), Senegal ($158M), United States ($96.2M), Argentina ($10.3M), and India ($7.7M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Ground Nuts EXPORT MARKETS FOR China WERE (2022 - 2023):
United Kingdom$10.7M (148%)
Vietnam$8.37M (423%)
Lebanon$5.07M (59.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ground Nuts BY China WERE (2022 - 2023):
Netherlands-$9.9M (-29.8%)
Spain-$5.65M (-25.2%)
Japan-$5.62M (-20.1%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Ground Nuts were:
Argentina $836M
India $807M
United States $658M
In 2023, China's main importing competitors in Ground Nuts were:
Netherlands $544M
Indonesia $375M

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Trade Value of Ground Nuts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALVietnam+ $4.99M
TOP IMPORT POTENTIALIndia+ $27.2M

Ground Nuts’s highest export potential is Vietnam. With an export gap of $4.99M.   Ground Nuts’s highest import potential is India with an import gap of $27.2M.

See methodology.

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