Peanut - Trade

Trade

Although India and China are the world's largest producers of peanuts, they account for a small part of international trade because most of their production is consumed domestically as peanut oil. Exports of peanuts from India and China are equivalent to less than 4% of world trade. The major producers/exporters of peanuts are the United States, Argentina, Sudan, Senegal, and Brazil. These five countries account for 71% of total world exports. In recent years, the United States has been the leading exporter of peanuts.

The major peanut importers are the European Union (EU), Canada, and Japan. These three areas account for 78% of the world's imports. Most of Canada's peanut butter is processed from Chinese peanuts. Two thirds of U.S. imports are roasted, unshelled peanuts. The major suppliers are Taiwan, Malaysia, Hong Kong, Mainland China, and Canada. The principal suppliers of shelled peanut imports are Argentina and Canada. Imports of peanut butter from Argentina are in the form of a paste and must be further processed. Other minor suppliers of peanut butter include Malawi, China, India, and Singapore.

The European Union is the largest consuming region in the world that does not produce peanuts. All of its consumption is supplied by imports. Consumption of peanuts in the EU is primarily as food, mostly as roasted-in-shell peanuts and as shelled peanuts used in confectionery and bakery products.

The average annual U.S. imports of peanuts are less than 0.5% of U.S. consumption.

Georgia is the leading peanut producing state in the U.S., followed by Texas and Alabama, respectively. About half of all peanuts produced in the United States are grown within a 100 mi (160 km) radius of Dothan, Alabama. Dothan is home to the National Peanut Festival established in 1938 and held each fall to honor peanut growers and celebrate the harvest.

Ninety percent of India's production is processed into peanut oil. Only a nominal amount of hand-picked select-grade peanuts are exported. India prohibits the importation of all oil seeds, including peanuts.