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2022
Exports $20.3MWorld Rnk 8 / 99
Flag Rnk 980 / 1217
2022
Destination $1.58M Canada
2021 - 2022
FASTEST GROWING MARKET $1.58MCanada
2022
PRODUCT COMPLEXITY IN Ground Nut Oil-1.93Rnk 993 / 1025
2022
Imports $54.3MWorld Rnk 3 / 185
Flag Rnk 958 / 1216
2022
Origin $12.6M Argentina
2021 - 2022
FASTEST GROWING ORIGIN $12.6MNicaragua
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

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 ABB Motors and Mechanical (39), Stelfast (14), and Hilti Power Tools (14) were at the forefront of shipping Ground Nut Oil to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Ground Nut Oil exports accounted up to $1.07M and imports accounted up to $5.36M, resulting in a negative trade balance of $4.29M. Between June 2023 and June 2024 the exports of United States'   Ground Nut Oil have decreased by $-199k (-15.7%) from $1.27M to $1.07M, while imports increased by $5M (1.4k%) from $356k to $5.36M.

Destinations In June 2024, Ground Nut Oil were exported mostly to Canada ($730k), Thailand ($79.4k), China ($77.3k), Germany ($71.8k), and Mexico ($47.2k), and were imported mostly from Nicaragua ($4.34M), India ($286k), Germany ($230k), Mexico ($169k), and Hong Kong ($143k).

Growth In June 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 June 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 (June 2023 - June 2024)$-199k(-15.7%)
IMPORT GROWTH (June 2023 - June 2024)$5M(1.4k%)
MAIN EXPORTER (June 2024)Georgia$1.22M
MAIN DESTINATION (June 2024)Canada$730k

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).

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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%)
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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

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Trade Value of Ground Nut Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.78M
TOP IMPORT POTENTIALIndia+ $2.21M

Ground Nut Oil’s highest export potential is China. With an export gap of $1.78M.   Ground Nut Oil’s highest import potential is India with an import gap of $2.21M.

See methodology.

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