2022
Exports
$1.18BWorld Rnk 2 / 188
Flag Rnk 51 / 96
2022
PRODUCT COMPLEXITY IN Natural gums, resins & other vegetable extracts
-0.98Rnk 834 / 1025
2022
Imports
$372MWorld Rnk 7 / 212
Flag Rnk 66 / 96
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $1.18B in Natural gums, resins & other vegetable extracts, making it the 2nd largest exporter of Natural gums, resins & other vegetable extracts in the world. At the same year, Natural gums, resins & other vegetable extracts was the 51st most exported product in India. The main destination of Natural gums, resins & other vegetable extracts exports from India are: United States ($485M), Germany ($102M), Russia ($69.1M), China ($68.9M), and South Korea ($46.6M).

The fastest growing export markets for Natural gums, resins & other vegetable extracts of India between 2021 and 2022 were United States ($63.7M), Germany ($33.5M), and China ($27.3M).

Imports In 2022, India imported $372M in Natural gums, resins & other vegetable extracts, becoming the 7th largest importer of Natural gums, resins & other vegetable extracts in the world. At the same year, Natural gums, resins & other vegetable extracts was the 66th most imported product in India. India imports Natural gums, resins & other vegetable extracts primarily from: Afghanistan ($126M), China ($41M), Thailand ($28.3M), Indonesia ($27.7M), and Senegal ($20.7M).

The fastest growing import markets in Natural gums, resins & other vegetable extracts for India between 2021 and 2022 were Afghanistan ($31.3M), Senegal ($18.6M), and Thailand ($17.4M).

COMPANIES In 2023, leading companies such as Givaudan Fragrances (1) were at the forefront of shipping Natural gums, resins & other vegetable extracts from India to the United States.

Historical Data

Trade Balance

Color
EXPORTS (2022)$1.18B
IMPORTS (2022)$372M
NET TRADE (2022)$810M

In 2022, India exported $1.18B in Natural gums, resins & other vegetable extracts. The main destinations of India exports on Natural gums, resins & other vegetable extracts were United States ($485M), Germany ($102M), Russia ($69.1M), China ($68.9M), and South Korea ($46.6M).

In 2022, India imported $372M in Natural gums, resins & other vegetable extracts, mainly from Afghanistan ($126M), China ($41M), Thailand ($28.3M), Indonesia ($27.7M), and Senegal ($20.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Natural gums, resins & other vegetable extracts EXPORT MARKETS FOR India WERE (2021 - 2022):
United States$63.7M (15.1%)
Germany$33.5M (48.9%)
China$27.3M (65.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Natural gums, resins & other vegetable extracts BY India WERE (2021 - 2022):
Russia-$12.6M (-15.4%)
Austria-$3.71M (-91.5%)
Bangladesh-$2.39M (-17.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, India's main exporting competitors in Natural gums, resins & other vegetable extracts were:
China $2.24B
Spain $920M
In 2022, India's main importing competitors in Natural gums, resins & other vegetable extracts were:

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Trade Value of Natural gums, resins & other vegetable extracts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $69.5M
TOP IMPORT POTENTIALChina+ $34.6M

Natural gums, resins & other vegetable extracts’s highest export potential is China. With an export gap of $69.5M.   Natural gums, resins & other vegetable extracts’s highest import potential is China with an import gap of $34.6M.

See methodology.

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