Groundnut oil trade by country: top importers, exporters and prices
World trade in groundnut oil was worth $749.7 million in 2024, about 408.0 thousand tonnes. That is an increase of 86% since 2017, and up 5% on 2023.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
World trade by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $749.7M | 408.0K t |
| 2023 | $715.6M | 371.9K t |
| 2022 | $801.0M | 402.8K t |
| 2021 | $747.4M | 415.4K t |
| 2020 | $728.1M | 423.5K t |
| 2019 | $461.6M | 407.4K t |
| 2018 | $407.4M | 338.4K t |
| 2017 | $403.7M | 272.4K t |
Top groundnut oil exporting countries
India is the largest exporter with 47% of world exports, followed by Brazil and Argentina. The top three supply 74% between them, out of 105 exporting countries.
| Exporter | Value | Share |
|---|---|---|
| India | $350.6M | 47% |
| Brazil | $111.2M | 15% |
| Argentina | $92.1M | 12% |
| Belgium | $31.4M | 4.2% |
| Nicaragua | $29.7M | 4% |
| China | $23.1M | 3.1% |
| Italy | $19.1M | 2.6% |
| United States | $16.8M | 2.2% |
| Senegal | $14.5M | 1.9% |
| Netherlands | $8.8M | 1.2% |
| Vietnam | $8.3M | 1.1% |
| France | $7.7M | 1% |
Top importing countries and buyer markets
China is the biggest buyer with 58% of world imports, ahead of the United States and Italy. Demand is concentrated: the top three take 74% across 184 importing countries.
| Importer | Value | Share |
|---|---|---|
| China | $431.8M | 58% |
| United States | $75.2M | 10% |
| Italy | $48.3M | 6.4% |
| Netherlands | $30.2M | 4% |
| Hong Kong | $28.4M | 3.8% |
| France | $22.6M | 3% |
| Belgium | $20.7M | 2.8% |
| Canada | $12.0M | 1.6% |
| United Kingdom | $11.5M | 1.5% |
| Germany | $9.3M | 1.3% |
| Malaysia | $9.3M | 1.2% |
| Switzerland | $8.7M | 1.2% |
Average price per kg
The world average declared value was about $1.84 per kg in 2024. Among the main exporters, Italy averaged $8.11 per kg and Brazil $1.68 per kg, so grade and origin matter.
Declared value divided by weight, all 2024 shipments worldwide. Prices per shipment and per company are in EximDataX.
Product types under HS 1508
Who is behind these numbers in this market?
Public statistics stop at country totals and the last published year. EximDataX shows the shipment records underneath: the companies, dates, quantities and declared values, updated weekly.
Shipment records are in the platform
Tell us what you trade and we will show you the latest records on a live call.
Source: CEPII BACI (reconciled UN Comtrade data), HS 2017 edition, release 202601, Etalab Open Licence 2.0. Annual values in US dollars at the customs border; quantities in tonnes where reported. HS 1508: Ground nut oil and its fractions; whether or not refined, but not chemically modified. HS 1508 codes.
Common questions
Which countries export the most groundnut oil?
India exported $350.6 million in 2024, 47% of the world total, followed by Brazil (15%) and Argentina (12%). In all, 105 countries reported exports of this product. The full ranking and map are on this page.
Which countries import the most groundnut oil?
China imported $431.8 million in 2024, 58% of world imports, ahead of the United States (10%) and Italy (6%). The top three importers together take 74%. Each country with its own page is linked from the table.
How big is the world trade in groundnut oil?
It was worth $749.7 million in 2024, about 408.0 thousand tonnes. That is an increase of 86% since 2017. The peak year was 2022 at $801.0 million. 105 countries reported exports and 184 reported imports.
What is the average price of groundnut oil per kg?
The world average declared value was about $1.84 per kg in 2024. Among the main exporters, Italy averaged $8.11 per kg and Brazil $1.68 per kg, so grade and origin matter. It is total declared value divided by total weight, so treat it as a benchmark, not a quote.
What is the HS code for groundnut oil?
The HS code for groundnut oil is heading 1508, in chapter 15 (animal, vegetable or microbial fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes). Customs uses this code worldwide at the six-digit level; national tariffs add more digits. The full list of codes is on the HS 1508 page.
How can I find groundnut oil buyers and suppliers?
Public statistics stop at country totals. EximDataX shows the importers and exporters behind this trade from shipment-level customs records, updated weekly, with direct customs feeds and mirror data. Tell us your product and we will show you the latest records on a live call.
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