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121120 (Harmonized System 1992 for 6-digit)

2023
World Trade $339MRnk 3221 / 4644
2023
Top Exporter | Top Importer $104M | $142MCanada | China
2023
Product Complexity 0.38Rnk 1877 / 4656
2022 - 2023
Export Growth (CAGR) 7.42%Rnk 831 / 4644
2023
Share of World Trade 0.0015%Rnk 3221 / 4644

About

Overview This page contains the latest trade data of Ginseng roots. In 2023, Ginseng roots were the world's 3221st most traded product, with a total trade of $339M. Between 2022 and 2023 the exports of Ginseng roots grew by 7.42%, from $316M to $339M. Trade in Ginseng roots represent 0.0015% of total world trade.

Ginseng roots are a part of Perfume Plants.

Exports In 2023 the top exporters of Ginseng roots  were Canada ($104M), China ($92.7M), South Korea ($64.4M), United States ($49.6M), and Hong Kong ($10.6M).

Imports In 2023 the top importers of Ginseng roots were China ($142M), Hong Kong ($66.2M), Japan ($40.1M), Chinese Taipei ($39.6M), and United States ($11.6M).

Ranking Ginseng roots ranks 1877th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Y-AXIS SCALE

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 (2023)Canada$104M
Top Destination (2023)China$142M

In 2023 Ginseng roots were the world's 3221st most traded product (out of 4,644).

In 2023, the top exporters of Ginseng roots were Canada ($104M), China ($92.7M), South Korea ($64.4M), United States ($49.6M), and Hong Kong ($10.6M).

In 2023, the top importers of Ginseng roots were China ($142M), Hong Kong ($66.2M), Japan ($40.1M), Chinese Taipei ($39.6M), and United States ($11.6M).

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Exporters of Ginseng roots (2023)
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Importers of Ginseng roots (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Canada$31.4M
Top Destination Growth (2022 -  2023)Hong Kong$14.2M

Between 2022 and 2023, the exports of Ginseng roots grew the fastest in Canada ($31.4M), China ($11.1M), United States ($4.84M), Chinese Taipei ($3.14M), and Singapore ($2.03M).

Between 2022 and 2023, the fastest growing importers of Ginseng roots were Hong Kong ($14.2M), Japan ($8.53M), China ($8.48M), Macau ($3.87M), and United States ($3.7M).

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Exporters of Ginseng roots (2022 - 2023)

Importers of Ginseng roots (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 2.43. 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 (2023)Canada$98.1M
TOP NET IMPORTER (2023)Hong Kong$55.6M

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Ginseng roots were Canada ($98.1M), South Korea ($64.1M), United States ($38M), Greece ($451k), and India ($313k).

In 2023, the countries that had a largest trade value in imports than in exports of Ginseng roots were Hong Kong ($55.6M), China ($49.3M), Japan ($40M), Chinese Taipei ($29.4M), and Macau ($9.03M).

Net Trade (2023)

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 (2023)

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