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121120 (Harmonized System 1992 for 6-digit)

2022
World Trade $321MRnk 3350 / 4648
2022
Top Exporter | Top Importer $84.1M | $140MSouth Korea | China
2022
Product Complexity 0.41Rnk 1801 / 4653
2021 - 2022
Export Growth (CAGR) -2.68%Rnk 3336 / 4648
2022
Share of World Trade 0.0014%Rnk 3350 / 4648

About

Overview This page contains the latest trade data of Ginseng roots. In 2022, Ginseng roots were the world's 3350th most traded product, with a total trade of $321M. Between 2021 and 2022 the exports of Ginseng roots decreased by -2.68%, from $330M to $321M. Trade in Ginseng roots represent 0.0014% of total world trade.

Ginseng roots are a part of Perfume Plants.

Exports In 2022 the top exporters of Ginseng roots  were South Korea ($84.1M), China ($84M), Canada ($71.4M), United States ($42M), and Hong Kong ($23.1M).

Imports In 2022 the top importers of Ginseng roots were China ($140M), Hong Kong ($54.8M), Chinese Taipei ($33.4M), Japan ($30.8M), and United States ($10.3M).

Ranking Ginseng roots ranks 1801st in the Product Complexity Index (PCI).

Description -

Latest Trends

Latest Data

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The following visualization shows the latest trends on Ginseng roots. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)South Korea$84.1M
Top Destination (2022)China$140M

In 2022 Ginseng roots were the world's 3350th most traded product (out of 4,648).

In 2022, the top exporters of Ginseng roots were South Korea ($84.1M), China ($84M), Canada ($71.4M), United States ($42M), and Hong Kong ($23.1M).

In 2022, the top importers of Ginseng roots were China ($140M), Hong Kong ($54.8M), Chinese Taipei ($33.4M), Japan ($30.8M), and United States ($10.3M).

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Exporters of Ginseng roots (2022)
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Importers of Ginseng roots (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)South Korea$7.53M
Top Destination Growth (2021 -  2022)China$34.5M

Between 2021 and 2022, the exports of Ginseng roots grew the fastest in South Korea ($7.53M), Hong Kong ($2.23M), United Arab Emirates ($1.28M), Nigeria ($333k), and France ($214k).

Between 2021 and 2022, the fastest growing importers of Ginseng roots were China ($34.5M), Chinese Taipei ($3.89M), Italy ($3.07M), Vietnam ($2.15M), and Greece ($1.83M).

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Exporters of Ginseng roots (2021 - 2022)

Importers of Ginseng roots (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Ginseng roots.

In 2022, market concentration measured using Shannon Entropy, was 2.56. This means that most of the exports of Ginseng roots are explained by 5 countries.

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Value of Exports in Ginseng roots

Net Trade

TOP NET EXPORTER (2022)South Korea$83.6M
TOP NET IMPORTER (2022)China$56.4M

This map shows which countries export or import more of Ginseng roots. Each country is colored based on the difference in exports and imports of Ginseng roots during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Ginseng roots were South Korea ($83.6M), Canada ($68.6M), United States ($31.7M), Nigeria ($3.11M), and United Arab Emirates ($1.13M).

In 2022, the countries that had a largest trade value in imports than in exports of Ginseng roots were China ($56.4M), Hong Kong ($31.7M), Japan ($30.6M), Chinese Taipei ($28.2M), and Italy ($6.74M).

Net Trade (2022)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Ginseng roots.
It is possible to select the main countries that export or import Ginseng roots in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Ginseng roots by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2022)

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