Spices in United Kingdom | The Observatory of Economic Complexity

About

Exports In 2022, United Kingdom exported $37M in Spices, making it the 16th largest exporter of Spices in the world. At the same year, Spices was the 612th most exported product in United Kingdom. The main destination of Spices exports from United Kingdom are: Nigeria ($11.3M), United States ($7.73M), Ireland ($4.15M), Netherlands ($3.3M), and France ($1.07M).

The fastest growing export markets for Spices of United Kingdom between 2021 and 2022 were Nigeria ($10.1M), United States ($454k), and Kuwait ($366k).

Imports In 2022, United Kingdom imported $128M in Spices, becoming the 6th largest importer of Spices in the world. At the same year, Spices was the 542nd most imported product in United Kingdom. United Kingdom imports Spices primarily from: China ($28.2M), India ($22.8M), Pakistan ($10M), Spain ($7.9M), and Netherlands ($7.35M).

The fastest growing import markets in Spices for United Kingdom between 2021 and 2022 were Egypt ($1.33M), Spain ($1.25M), and United Arab Emirates ($777k).

COMPANIES In 2023, leading companies such as GIVAUDAN FRAGRANCES CORPORATION (2), ASOS US SALES LLC (1), and GOLDEN STATE FC LLC (1) were at the forefront of shipping Spices from United Kingdom to the United States.

Latest Trends

February 2024

About

Overview In February 2024 United Kingdom's Spices exports accounted up to £1.85M and imports accounted up to £11.5M, resulting in a negative trade balance of £9.62M. Between February 2023 and February 2024 the exports of United Kingdom's Spices have decreased by £-125k (-6.35%) from £1.97M to £1.85M, while imports increased by £2.66M (30.2%) from £8.81M to £11.5M.

Destinations In February 2024, Spices were exported mostly to Ireland (£489k), Netherlands (£380k), United States (£156k), Libya (£109k), and United Arab Emirates (£107k), and were imported mostly from China (£4.36M), India (£1.59M), Netherlands (£978k), France (£466k), and Belgium (£447k).

Growth In February 2024, the decrease in Spices's year-by-year exports was explained primarily by a decrease in exports to Thailand (£-145k or -94.4%), France (£-39.7k or -91.5%), and United Arab Emirates (£-32.7k or -79.2%). In February 2024, the increase in Spices's year-by-year imports was explained primarily by an increase in imports from Poland (£149k or 941%), France (£145k or 28.6%), and Belgium (£142k or 90.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)£-125k(-6.35%)

IMPORT GROWTH (February 2023 - February 2024)£2.66M(30.2%)

MAIN EXPORTER (February 2024)London Gateway£517k

MAIN DESTINATION (February 2024)Ireland£489k

This section shows Spices'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 Spices over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$37M

IMPORTS (2022)$128M

NET TRADE (2022)-$91.2M

In 2022, United Kingdom exported $37M in Spices. The main destinations of United Kingdom exports on Spices were Nigeria ($11.3M), United States ($7.73M), Ireland ($4.15M), Netherlands ($3.3M), and France ($1.07M).

In 2022, United Kingdom imported $128M in Spices, mainly from China ($28.2M), India ($22.8M), Pakistan ($10M), Spain ($7.9M), and Netherlands ($7.35M).

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