globaltraffic.earth

Peanut oil: top exporters and importers (2024)

In 2024, world trade in peanut oil totaled $756 million (409 thousand tonnes). The top exporters were India (47%), Brazil (15%) and Argentina (12%); China accounted for 58% of imports, followed by the United States (10%) and Italy (7%). Compared with 2019, the value rose 60%.

Summary

World trade
$756million
Tonnes
409thousand tonnes
Price per tonne
$1,849
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. India$352 million · 46.6%
  2. Brazil$116 million · 15.3%
  3. Argentina$92 million · 12.2%
  4. Belgium$33 million · 4.4%
    re-exports
  5. Nicaragua$32 million · 4.2%
  6. China$23 million · 3.1%
  7. Italy$19 million · 2.5%
  8. United States$17 million · 2.3%
  9. Senegal$13 million · 1.8%
  10. Vietnam$8 million · 1.1%
  11. France$8 million · 1%
  12. Netherlands$7 million · 0.91%
    re-exports
  13. Hong Kong$5 million · 0.72%
    re-exports
  14. Philippines$5 million · 0.71%
  15. Germany$5 million · 0.67%
  16. Nigeria$5 million · 0.61%
  17. Taiwan$3 million · 0.43%
  18. Spain$3 million · 0.35%
  19. Malaysia$1 million · 0.17%
  20. Slovakia$1 million · 0.14%

Top importers

  1. China$435 million · 57.6%
  2. United States$76 million · 10%
  3. Italy$53 million · 7%
  4. Hong Kong$29 million · 3.8%
    re-exports
  5. Netherlands$28 million · 3.7%
    re-exports
  6. France$24 million · 3.1%
  7. Belgium$20 million · 2.7%
    re-exports
  8. Canada$12 million · 1.6%
  9. United Kingdom$12 million · 1.5%
  10. Malaysia$9 million · 1.2%
  11. Germany$9 million · 1.2%
  12. Switzerland$9 million · 1.2%
  13. Vietnam$5 million · 0.65%
  14. Austria$3 million · 0.45%
  15. Norway$3 million · 0.45%
  16. Australia$3 million · 0.42%
  17. Spain$2 million · 0.32%
  18. Macao$2 million · 0.32%
  19. United Arab Emirates$2 million · 0.25%
  20. Singapore$2 million · 0.2%
    re-exports

Trend

Who sells it

India has been the top exporter since 2023

Value in USD millions. The five largest exporters in 2024.

  • India 352
  • Brazil 116
  • Argentina 92.1
  • Belgium 33.3
  • Nicaragua 31.6

Source: CEPII BACI

Show the numbers
Country19952024
India< 0.01352
Brazil14.2116
Argentina63.292.1
Belgium39.933.3
Nicaragua3.331.6

Price

Implied price

The price per tonne rose 64% since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $1,849

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$1,129
1996$1,003
1997$1,023
1998$1,000
1999$848
2000$783
2001$753
2002$709
2003$1,066
2004$1,234
2005$1,073
2006$935
2007$1,324
2008$1,889
2009$1,382
2010$1,286
2011$1,514
2012$2,217
2013$1,851
2014$1,357
2015$1,315
2016$1,430
2017$1,368
2018$1,219
2019$1,046
2020$1,656
2021$2,003
2022$1,958
2023$1,960
2024$1,849

What it includes

  • 1508 · Peanut oil

Products in the same chapter

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

See all products