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Plants and parts of plants (including seeds and fruits), of a kind used primarily in perfumery, in pharmacy or for insecticidal, fungicidal or similar purposes, fresh, chilled, frozen or dried, whether or not cut, crushed or powdered

1211 (Harmonized System 1992 for 4-digit)

2023
World Trade $4.24BRnk 588 / 1217
2023
Top Exporter | Top Importer $988M | $512MChina | United States
2023
Product Complexity -1.75Rnk 992 / 1044
2022 - 2023
Export Growth (CAGR) 2.5%Rnk 321 / 1217
2023
Share of World Trade 0.019%Rnk 588 / 1217

About

Overview This page contains the latest trade data of Perfume Plants. In 2023, Perfume Plants were the world's 588th most traded product, with a total trade of $4.24B. Between 2022 and 2023 the exports of Perfume Plants grew by 2.5%, from $4.14B to $4.24B. Trade in Perfume Plants represent 0.019% of total world trade.

Perfume Plants are a part of Oils seeds, oleaginous fruits, grains, straw & fodder. They include Plants for Perfumery, Pharmacy, or Insecticides (Fresh/Dried), Ginseng roots, and Liquorice roots.

Exports In 2023 the top exporters of Perfume Plants  were China ($988M), India ($467M), Canada ($279M), Germany ($186M), and United States ($143M).

Imports In 2023 the top importers of Perfume Plants were United States ($512M), Germany ($428M), China ($337M), Japan ($309M), and Hong Kong ($190M).

Ranking Perfume Plants ranks 992nd in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Perfume Plants. 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)China$988M
Top Destination (2023)United States$512M

In 2023 Perfume Plants were the world's 588th most traded product (out of 1,217).

In 2023, the top exporters of Perfume Plants were China ($988M), India ($467M), Canada ($279M), Germany ($186M), and United States ($143M).

In 2023, the top importers of Perfume Plants were United States ($512M), Germany ($428M), China ($337M), Japan ($309M), and Hong Kong ($190M).

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Exporters of Perfume Plants (2023)
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Importers of Perfume Plants (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Canada$76.4M
Top Destination Growth (2022 -  2023)Australia$49.3M

Between 2022 and 2023, the exports of Perfume Plants grew the fastest in Canada ($76.4M), China ($68.2M), Nigeria ($45.5M), Switzerland ($22.3M), and Spain ($20.9M).

Between 2022 and 2023, the fastest growing importers of Perfume Plants were Australia ($49.3M), Hong Kong ($46.2M), Japan ($41.1M), South Korea ($26.2M), and Czechia ($24.7M).

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Exporters of Perfume Plants (2022 - 2023)

Importers of Perfume Plants (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Perfume Plants.

In 2023, market concentration measured using Shannon Entropy, was 4.96. This means that most of the exports of Perfume Plants are explained by 31 countries.

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Value of Exports in Perfume Plants

Net Trade

TOP NET EXPORTER (2023)China$650M
TOP NET IMPORTER (2023)United States$369M

This map shows which countries export or import more of Perfume Plants. Each country is colored based on the difference in exports and imports of Perfume Plants during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Perfume Plants were China ($650M), India ($353M), Canada ($207M), Egypt ($120M), and Indonesia ($102M).

In 2023, the countries that had a largest trade value in imports than in exports of Perfume Plants were United States ($369M), Japan ($303M), Germany ($242M), Hong Kong ($158M), and Chinese Taipei ($150M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Perfume Plants, disaggragated by their HS6 level were Plants for Perfumery, Pharmacy, or Insecticides... ($3.9B) and Ginseng roots ($339M)

HS6 Disaggregation for Perfume Plants (2023)
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Country Comparison

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Ranking

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

Top 10 Exporters Countries of Perfume Plants by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $18.2M
TOP IMPORT POTENTIALIndia+ $29.7M

Perfume Plants’s highest export potential is United States. With an export gap of $18.2M.  Perfume Plants’s highest import potential is India with an import gap of $29.7M.

See methodology.

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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)

Related Products

This visualization shows products that are likely to be exported by countries that export Perfume Plants.

Country by Relatedness

The following visualization shows the relatedness of Perfume Plants to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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