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2022
Exports $5.76MWorld Rnk 27 / 145
Flag Rnk 941 / 1216
2022
Destination $223k Netherlands
2021 - 2022
FASTEST GROWING MARKET $223kIsrael
2022
PRODUCT COMPLEXITY IN Spice Seeds-1.2Rnk 880 / 1025
2022
Imports $45.2MWorld Rnk 8 / 216
Flag Rnk 771 / 1214
2022
Origin $1.21M India
2021 - 2022
FASTEST GROWING ORIGIN $1.21MBulgaria
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $5.76M in Spice Seeds, making it the 27th largest exporter of Spice Seeds in the world. At the same year, Spice Seeds was the 941st most exported product in United Kingdom. The main destination of Spice Seeds exports from United Kingdom are: Netherlands ($1.17M), Ireland ($861k), Australia ($727k), France ($522k), and South Africa ($442k).

The fastest growing export markets for Spice Seeds of United Kingdom between 2021 and 2022 were Israel ($223k), Serbia ($108k), and Japan ($89.7k).

Imports In 2022, United Kingdom imported $45.2M in Spice Seeds, becoming the 8th largest importer of Spice Seeds in the world. At the same year, Spice Seeds was the 771st most imported product in United Kingdom. United Kingdom imports Spice Seeds primarily from: India ($20.8M), Turkey ($3.8M), Germany ($2.65M), Vietnam ($2.09M), and Italy ($1.89M).

The fastest growing import markets in Spice Seeds for United Kingdom between 2021 and 2022 were Bulgaria ($1.21M), Germany ($1.13M), and Italy ($627k).

Latest Trends

August 2024

About

Overview In August 2024 United Kingdom's Spice Seeds exports accounted up to £457k and imports accounted up to £4.41M, resulting in a negative trade balance of £3.95M. Between August 2023 and August 2024 the exports of United Kingdom's   Spice Seeds have decreased by £-242k (-34.7%) from £699k to £457k, while imports increased by £254k (6.11%) from £4.16M to £4.41M.

Destinations In August 2024, Spice Seeds were exported mostly to Netherlands (£214k), Belgium (£91.6k), Ireland (£63.4k), Turkey (£22.1k), and Egypt (£19.9k), and were imported mostly from India (£3.01M), Netherlands (£290k), France (£194k), Turkey (£163k), and Switzerland (£99.6k).

Growth In August 2024, the decrease in Spice Seeds's year-by-year exports was explained primarily by a decrease in exports to Australia (£-23.9k or -25%) and Spain (£-19.8k or -90.2%). In August 2024, the increase in Spice Seeds's year-by-year imports was explained primarily by an increase in imports from France (£121k or 58.9%), Egypt (£110k or 847%), and Bulgaria (£53k or 58.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)£-242k(-34.7%)
IMPORT GROWTH (August 2023 - August 2024)£254k(6.11%)
MAIN EXPORTER (August 2024)Dover Eurotunnel£386k
MAIN DESTINATION (August 2024)Netherlands£214k

This section shows Spice Seeds's exports and imports data at subnational level for United Kingdom. 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 Spice Seeds over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.76M
IMPORTS (2022)$45.2M
NET TRADE (2022)-$39.5M

In 2022, United Kingdom exported $5.76M in Spice Seeds. The main destinations of United Kingdom exports on Spice Seeds were Netherlands ($1.17M), Ireland ($861k), Australia ($727k), France ($522k), and South Africa ($442k).

In 2022, United Kingdom imported $45.2M in Spice Seeds, mainly from India ($20.8M), Turkey ($3.8M), Germany ($2.65M), Vietnam ($2.09M), and Italy ($1.89M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Spice Seeds EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Israel$223k (189%)
Serbia$108k (229k%)
Japan$89.7k (1.4k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spice Seeds BY United Kingdom WERE (2021 - 2022):
Netherlands-$1.08M (-47.8%)
Germany-$331k (-80.8%)
Switzerland-$115k (-59.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Spice Seeds were:
India $618M
Vietnam $89.5M
China $84.7M
In 2022, United Kingdom's main importing competitors in Spice Seeds were:
China $136M
India $119M
United States $99.7M

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Trade Value of Spice Seeds by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $249k
TOP IMPORT POTENTIALIndia+ $1.94M

Spice Seeds’s highest export potential is India. With an export gap of $249k.   Spice Seeds’s highest import potential is India with an import gap of $1.94M.

See methodology.

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