Saffron in United States | The Observatory of Economic Complexity

About

Exports In 2022, United States exported $983k in Saffron, making it the 16th largest exporter of Saffron in the world. At the same year, Saffron was the 4211th most exported product in United States. The main destination of Saffron exports from United States are: Canada ($325k), Chinese Taipei ($130k), Paraguay ($111k), Spain ($62.4k), and Hong Kong ($60k).

The fastest growing export markets for Saffron of United States between 2021 and 2022 were Chinese Taipei ($130k), Paraguay ($111k), and Hong Kong ($51.7k).

Imports In 2022, United States imported $19.9M in Saffron, becoming the 3rd largest importer of Saffron in the world. At the same year, Saffron was the 3295th most imported product in United States. United States imports Saffron primarily from: Spain ($14.2M), Netherlands ($2.55M), Afghanistan ($1.55M), Nigeria ($368k), and India ($207k).

The fastest growing import markets in Saffron for United States between 2021 and 2022 were Spain ($1.44M), Netherlands ($1.04M), and Afghanistan ($597k).

COMPANIES In 2023, leading companies such as LG ELECTRONICS U.S.A. INC. (10.1M), IKEA SUPPLY AG (9.91M), and WAL-MART INC. (7M) were at the forefront of shipping Saffron to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United States' Saffron exports accounted up to $83.4k and imports accounted up to $863k, resulting in a negative trade balance of $779k. Between January 2023 and January 2024 the exports of United States' Saffron have decreased by $-1.11k (-1.31%) from $84.5k to $83.4k, while imports decreased by $-866k (-50.1%) from $1.73M to $863k.

Destinations In January 2024, Saffron were exported mostly to Canada ($72.7k), United Arab Emirates ($4.5k), Mexico ($3.27k), and Costa Rica ($2.93k), and were imported mostly from Spain ($553k), Afghanistan ($166k), China ($69.6k), Germany ($39.2k), and United Arab Emirates ($11.7k).

Growth In January 2024, the decrease in Saffron's year-by-year exports was explained primarily by a decrease in exports to Canada ($-5.27k or -6.07%). In January 2024, the decrease in Saffron's year-by-year imports was explained primarily by a decrease in imports from Afghanistan ($-275k or -98.8%), Italy ($-21.4k or -88.7%), and United Arab Emirates ($-8.77k or -49.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-1.11k(-1.31%)

IMPORT GROWTH (January 2023 - January 2024)$-866k(-50.1%)

MAIN EXPORTER (January 2024)New Jersey$52.7k

MAIN DESTINATION (January 2024)Canada$72.7k

This section shows Saffron's exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Saffron over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$983k

IMPORTS (2022)$19.9M

NET TRADE (2022)-$19M

In 2022, United States exported $983k in Saffron. The main destinations of United States exports on Saffron were Canada ($325k), Chinese Taipei ($130k), Paraguay ($111k), Spain ($62.4k), and Hong Kong ($60k).

In 2022, United States imported $19.9M in Saffron, mainly from Spain ($14.2M), Netherlands ($2.55M), Afghanistan ($1.55M), Nigeria ($368k), and India ($207k).

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