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2023
Exports $52.3MWorld Rnk 16 / 198
Flag Rnk 826 / 1217
2023
Destination $1.63M Saudi Arabia
2022 - 2023
FASTEST GROWING MARKET $1.63MCanada
2023
PRODUCT COMPLEXITY IN Spices-1.59Rnk 959 / 1025
2023
Imports $422MWorld Rnk 1 / 224
Flag Rnk 568 / 1215
2023
Origin $16.5M India
2022 - 2023
FASTEST GROWING ORIGIN $16.5MPeru
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $52.3M in Spices, making it the 16th largest exporter of Spices in the world. At the same year, Spices was the 826th most exported product in United States. The main destination of Spices exports from United States are: Saudi Arabia ($13.1M), Canada ($9.1M), Bahamas ($3.25M), Japan ($2.1M), and Trinidad and Tobago ($1.54M).

The fastest growing export markets for Spices of United States between 2022 and 2023 were Canada ($1.63M), Trinidad and Tobago ($1.34M), and Vietnam ($954k).

Imports In 2023, United States imported $422M in Spices, becoming the 1st largest importer of Spices in the world. At the same year, Spices was the 568th most imported product in United States. United States imports Spices primarily from: India ($69.1M), China ($64.7M), Peru ($53.7M), Spain ($46.1M), and Turkey ($26.5M).

The fastest growing import markets in Spices for United States between 2022 and 2023 were Peru ($16.5M), Spain ($4.88M), and Pakistan ($4.5M).

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

November 2024

About

Overview In November 2024 United States' Spices exports accounted up to $6.25M and imports accounted up to $36.9M, resulting in a negative trade balance of $30.7M. Between November 2023 and November 2024 the exports of United States'   Spices have increased by $380k (6.48%) from $5.87M to $6.25M, while imports decreased by $-837k (-2.22%) from $37.8M to $36.9M.

Destinations In November 2024, Spices were exported mostly to Canada ($2.6M), Ghana ($386k), Guyana ($289k), Peru ($282k), and Mexico ($215k), and were imported mostly from India ($6.56M), China ($5.41M), Peru ($4.73M), Spain ($3.26M), and Turkey ($3.22M).

Growth In November 2024, the increase in Spices's year-by-year exports was explained primarily by an increase in exports to Ghana ($285k or 337%), Canada ($279k or 22.7%), and Panama ($233k or 971%). In November 2024, the decrease in Spices's year-by-year imports was explained primarily by a decrease in imports from China ($-2.38M or -39.9%), Turkey ($-876k or -29.1%), and Brazil ($-816k or -57.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$380k(6.48%)
IMPORT GROWTH (November 2023 - November 2024)$-837k(-2.22%)
MAIN EXPORTER (November 2024)Florida$2.65M
MAIN DESTINATION (November 2024)Canada$2.6M

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
EXPORTS (2023)$52.3M
IMPORTS (2023)$422M
NET TRADE (2023)-$370M

In 2023, United States exported $52.3M in Spices. The main destinations of United States exports on Spices were Saudi Arabia ($13.1M), Canada ($9.1M), Bahamas ($3.25M), Japan ($2.1M), and Trinidad and Tobago ($1.54M).

In 2023, United States imported $422M in Spices, mainly from India ($69.1M), China ($64.7M), Peru ($53.7M), Spain ($46.1M), and Turkey ($26.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Spices EXPORT MARKETS FOR United States WERE (2022 - 2023):
Canada$1.63M (21.8%)
Trinidad and Tobago$1.34M (688%)
Vietnam$954k (1.49k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spices BY United States WERE (2022 - 2023):
Honduras-$1.08M (-87.3%)
Argentina-$695k (-92.1%)
Sierra Leone-$544k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Spices were:
China $641M
India $509M
Germany $172M
In 2023, United States's main importing competitors in Spices were:
Netherlands $241M
Germany $209M

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Trade Value of Spices by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $1.73M
TOP IMPORT POTENTIALIndia+ $18.3M

Spices’s highest export potential is Canada. With an export gap of $1.73M.   Spices’s highest import potential is India with an import gap of $18.3M.

See methodology.

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