HS Icon Spices in  Flag India

2019
Exports | Imports
: $388M | $79.3M, World Rnk 2 / 184
Flag Rnk 156 / 1213 | World Rnk 12 / 222
Flag Rnk 457 / 1209

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $21M | $2.73M, Bangladesh |  Myanmar

2019
ECONOMIC COMPLEXITY of India
: 0.57, Rnk 45 / 147

2019
PRODUCT COMPLEXITY  IN Spices
: -1.58, Rnk 962 / 1029

Exports In 2019, India exported $388M in Spices, making it the 2nd largest exporter of Spices in the world. At the same year, Spices was the 156th most exported product in India. The main destination of Spices exports from India are: United States ($59.6M), Bangladesh ($27.2M), United Arab Emirates ($23.1M), United Kingdom ($22.9M), and Morocco ($17.6M).

The fastest growing export markets for Spices of India between 2018 and 2019 were Bangladesh ($21M), United States ($7.86M), and China ($4.19M).

Imports In 2019, India imported $79.3M in Spices, becoming the 12th largest importer of Spices in the world. At the same year, Spices was the 457th most imported product in India. India imports Spices primarily from: Afghanistan ($18M), Vietnam ($15M), Nigeria ($12.3M), Myanmar ($7.69M), and Indonesia ($6.33M).

The fastest growing import markets in Spices for India between 2018 and 2019 were Myanmar ($2.73M), Thailand ($1.27M), and Cambodia ($887k).

Tariffs In 2018, the average tariff for India in Spices was 28.5%. The countries with the highest import tariffs for Spices were Angola (Most Favoured Nation duty rate treatement, 30%), Botswana (Most Favoured Nation duty rate treatement, 30%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 30%), Cameroon (Most Favoured Nation duty rate treatement, 30%), and Democratic Republic of the Congo (Most Favoured Nation duty rate treatement, 30%).

Historical Data

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EXPORTS (2019): $388M

IMPORTS (2019): $79.3M

NET TRADE (2019): $309M

In 2019, India exported $388M in Spices. The main destinations of India exports on Spices were United States ($59.6M), Bangladesh ($27.2M), United Arab Emirates ($23.1M), United Kingdom ($22.9M), and Morocco ($17.6M).

In 2019, India imported $79.3M in Spices, mainly from Afghanistan ($18M), Vietnam ($15M), Nigeria ($12.3M), Myanmar ($7.69M), and Indonesia ($6.33M).

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IN 2019, India HAD A POSITIVE NET TRADE IN Spices WITH:

IN 2019, India HAD A NEGATIVE NET TRADE IN Spices WITH:

Flow

THE FASTEST GROWING Spices EXPORT MARKETS FOR India WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spices BY India WERE (2018 - 2019):

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Market Concentration

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Type

In 2019, India's main exporting competitors in Spices were:

In 2019, India's main importing competitors in Spices were:

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Tariffs by Country

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In 2018, the average tariff for India in Spices was 28.5%.

The countries with the highest tariffs for Spices in India were Angola (Most Favoured Nation duty rate treatement, 30%), Botswana (Most Favoured Nation duty rate treatement, 30%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 30%), Cameroon (Most Favoured Nation duty rate treatement, 30%), and Democratic Republic of the Congo (Most Favoured Nation duty rate treatement, 30%).