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Ground nut oil and its fractions; whether or not refined, but not chemically modified

1508 (Harmonized System 1992 for 4-digit)

2023
World Trade $723MRnk 985 / 1217
2023
Top Exporter | Top Importer $229M | $446MIndia | China
2023
Product Complexity -2.04Rnk 1014 / 1044
2022 - 2023
Export Growth (CAGR) -8.26%Rnk 686 / 1217
2023
Share of World Trade 0.0032%Rnk 985 / 1217

About

Overview This page contains the latest trade data of Ground Nut Oil. In 2023, Ground Nut Oil were the world's 985th most traded product, with a total trade of $723M. Between 2022 and 2023 the exports of Ground Nut Oil decreased by -8.26%, from $788M to $723M. Trade in Ground Nut Oil represent 0.0032% of total world trade.

Ground Nut Oil are a part of Animal or vegetable fats, oils, & waxes. They include Ground-nut oil, crude and Refined ground-nut oil not chemically modified.

Exports In 2023 the top exporters of Ground Nut Oil  were India ($229M), Brazil ($192M), Argentina ($103M), Nicaragua ($38M), and Belgium ($28.5M).

Imports In 2023 the top importers of Ground Nut Oil were China ($446M), Italy ($62.7M), United States ($39.6M), Hong Kong ($28.1M), and Netherlands ($27.7M).

Ranking Ground Nut Oil ranks 1014th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Y-AXIS SCALE

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

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

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)India$229M
Top Destination (2023)China$446M

In 2023 Ground Nut Oil were the world's 985th most traded product (out of 1,217).

In 2023, the top exporters of Ground Nut Oil were India ($229M), Brazil ($192M), Argentina ($103M), Nicaragua ($38M), and Belgium ($28.5M).

In 2023, the top importers of Ground Nut Oil were China ($446M), Italy ($62.7M), United States ($39.6M), Hong Kong ($28.1M), and Netherlands ($27.7M).

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Exporters of Ground Nut Oil (2023)
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Importers of Ground Nut Oil (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)India$90M
Top Destination Growth (2022 -  2023)Canada$2.77M

Between 2022 and 2023, the exports of Ground Nut Oil grew the fastest in India ($90M), Vietnam ($2.52M), Belgium ($2.35M), Nigeria ($1.69M), and Poland ($1.56M).

Between 2022 and 2023, the fastest growing importers of Ground Nut Oil were Canada ($2.77M), Vietnam ($2.33M), Czechia ($2M), United Kingdom ($1.6M), and Norway ($1.15M).

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Exporters of Ground Nut Oil (2022 - 2023)

Importers of Ground Nut Oil (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Ground Nut Oil.

In 2023, market concentration measured using Shannon Entropy, was 2.97. This means that most of the exports of Ground Nut Oil are explained by 7 countries.

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Value of Exports in Ground Nut Oil

Net Trade

TOP NET EXPORTER (2023)India$229M
TOP NET IMPORTER (2023)China$422M

This map shows which countries export or import more of Ground Nut Oil. Each country is colored based on the difference in exports and imports of Ground Nut Oil during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Ground Nut Oil were India ($229M), Brazil ($191M), Argentina ($103M), Nicaragua ($38M), and Sudan ($18.8M).

In 2023, the countries that had a largest trade value in imports than in exports of Ground Nut Oil were China ($422M), Italy ($56.1M), Hong Kong ($23.2M), United States ($21.5M), and Netherlands ($14.1M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Ground Nut Oil, disaggragated by their HS6 level were Ground-nut oil, crude ($596M) and Refined ground-nut oil not chemically modified ($127M)

HS6 Disaggregation for Ground Nut Oil (2023)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Ground Nut Oil.
It is possible to select the main countries that export or import Ground Nut Oil in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Ground Nut Oil by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $928k
TOP IMPORT POTENTIALGermany+ $15.9k

Ground Nut Oil’s highest export potential is United States. With an export gap of $928k.  Ground Nut Oil’s highest import potential is Germany with an import gap of $15.9k.

See methodology.

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Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

Country by Relatedness

The following visualization shows the relatedness of Ground Nut Oil to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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