Spices in United States | The Observatory of Economic Complexity

About

Exports In 2022, United States exported $67.2M in Spices, making it the 14th largest exporter of Spices in the world. At the same year, Spices was the 818th most exported product in United States. The main destination of Spices exports from United States are: Canada ($17.6M), Saudi Arabia ($13.1M), Dominican Republic ($2.23M), Mexico ($2.22M), and Japan ($2.17M).

The fastest growing export markets for Spices of United States between 2021 and 2022 were Saudi Arabia ($3.79M), Mexico ($1.11M), and Philippines ($651k).

Imports In 2022, United States imported $364M in Spices, becoming the 1st largest importer of Spices in the world. At the same year, Spices was the 631st most imported product in United States. United States imports Spices primarily from: India ($65.2M), China ($62.5M), Turkey ($34.3M), Peru ($31.3M), and Spain ($28.6M).

The fastest growing import markets in Spices for United States between 2021 and 2022 were Nigeria ($1.57M), Germany ($1.43M), and Netherlands ($1.28M).

COMPANIES In 2023, leading companies such as Amazon (214), Wismettac Asian Foods (205), and Mercedes-Benz (188) were at the forefront of shipping Spices to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Spices exports accounted up to $4.93M and imports accounted up to $31.2M, resulting in a negative trade balance of $26.3M. Between August 2023 and August 2024 the exports of United States' Spices have decreased by $-1.85M (-27.3%) from $6.78M to $4.93M, while imports decreased by $-5.3M (-14.5%) from $36.5M to $31.2M.

Destinations In August 2024, Spices were exported mostly to Canada ($1.96M), Ghana ($535k), United Kingdom ($312k), Peru ($210k), and Belize ($195k), and were imported mostly from India ($5.07M), Peru ($4.57M), China ($4.29M), Turkey ($2.47M), and Spain ($2.42M).

Growth In August 2024, the decrease in Spices's year-by-year exports was explained primarily by a decrease in exports to Saudi Arabia ($-406k or -57.2%), Uruguay ($-129k or -86.1%), and Japan ($-120k or -73.3%). In August 2024, the decrease in Spices's year-by-year imports was explained primarily by a decrease in imports from China ($-2.38M or -39.9%), Turkey ($-876k or -29.1%), and Brazil ($-816k or -57.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2023 - August 2024)$-1.85M(-27.3%)

IMPORT GROWTH (August 2023 - August 2024)$-5.3M(-14.5%)

MAIN EXPORTER (August 2024)Florida$2.65M

MAIN DESTINATION (August 2024)Canada$1.96M

This section shows Spices'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 Spices over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$67.2M

IMPORTS (2022)$364M

NET TRADE (2022)-$297M

In 2022, United States exported $67.2M in Spices. The main destinations of United States exports on Spices were Canada ($17.6M), Saudi Arabia ($13.1M), Dominican Republic ($2.23M), Mexico ($2.22M), and Japan ($2.17M).

In 2022, United States imported $364M in Spices, mainly from India ($65.2M), China ($62.5M), Turkey ($34.3M), Peru ($31.3M), and Spain ($28.6M).

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