In 2023, India led groundnut exports with $720.83 million, followed by the United States with $584.17 million. Argentina and the Netherlands exported $326.27 million and $223.98 million, respectively, while China's exports stood at $191.18 million. Brazil, Myanmar, Senegal, Belgium, and Israel contributed smaller portions to global groundnut exports.
Over the last two years, India's exports grew significantly, positioning it at the forefront, while the U.S showed moderate growth. Argentina and the Netherlands benefited from steady demand in Europe. China's exports showed resilience amid economic shifts. The five-year CAGR highlighted notable growth in Asian and South American markets.
Looking ahead, continuous demand for groundnuts in emerging markets is anticipated. Climate change impacts on agricultural yield, trade policies, and technological advancements in farming are crucial trends to monitor in the global groundnut export landscape.
Top countries in Top Exporters of Groundnuts
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 India | 720.83 | 2016 | |
| 2 | 2 United States | 584.17 | 2016 | |
| 3 | 3 Argentina | 326.27 | 2016 | |
| 4 | 4 Netherlands | 223.98 | 2016 | |
| 5 | 5 China | 191.18 | 2016 | |
| 6 | 6 Brazil | 120.53 | 2016 | |
| 7 | 7 Myanmar | 112.06 | 2016 | |
| 8 | 8 Senegal | 56.31 | 2016 | |
| 9 | 9 Belgium | 26.79 | 2016 | |
| 10 | 10 Israel | 22.89 | 2016 |
