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091020 (Harmonized System 1992 for 6-digit)

2023
World Trade $266MRnk 3437 / 4644
2023
Top Exporter | Top Importer $115M | $45.5MIran | Spain
2023
Product Complexity -1.88Rnk 4479 / 4656
2022 - 2023
Export Growth (CAGR) 4.16%Rnk 1111 / 4644
2023
Share of World Trade 0.0012%Rnk 3437 / 4644

About

Overview This page contains the latest trade data of Saffron. In 2023, Saffron were the world's 3437th most traded product, with a total trade of $266M. Between 2022 and 2023 the exports of Saffron grew by 4.16%, from $255M to $266M. Trade in Saffron represent 0.0012% of total world trade.

Saffron are a part of Spices.

Exports In 2023 the top exporters of Saffron  were Iran ($115M), Spain ($62.1M), Afghanistan ($56.9M), United Arab Emirates ($4.26M), and Greece ($4.14M).

Imports In 2023 the top importers of Saffron were Spain ($45.5M), India ($36.1M), China ($26.7M), United States ($21.3M), and Saudi Arabia ($19.6M).

Ranking Saffron ranks 4479th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Saffron. 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)Iran$115M
Top Destination (2023)Spain$45.5M

In 2023 Saffron were the world's 3437th most traded product (out of 4,644).

In 2023, the top exporters of Saffron were Iran ($115M), Spain ($62.1M), Afghanistan ($56.9M), United Arab Emirates ($4.26M), and Greece ($4.14M).

In 2023, the top importers of Saffron were Spain ($45.5M), India ($36.1M), China ($26.7M), United States ($21.3M), and Saudi Arabia ($19.6M).

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Exporters of Saffron (2023)
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Importers of Saffron (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Afghanistan$22.6M
Top Destination Growth (2022 -  2023)India$17.5M

Between 2022 and 2023, the exports of Saffron grew the fastest in Afghanistan ($22.6M), Spain ($4M), France ($1.3M), Portugal ($824k), and Austria ($691k).

Between 2022 and 2023, the fastest growing importers of Saffron were India ($17.5M), China ($8.06M), Kuwait ($3.06M), Argentina ($2.5M), and France ($1.96M).

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Exporters of Saffron (2022 - 2023)

Importers of Saffron (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Saffron.

In 2023, market concentration measured using Shannon Entropy, was 2.35. This means that most of the exports of Saffron are explained by 5 countries.

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Value of Exports in Saffron

Net Trade

TOP NET EXPORTER (2023)Iran$115M
TOP NET IMPORTER (2023)India$35.1M

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

In 2023, the countries that had a largest trade value in exports than in imports of Saffron were Iran ($115M), Afghanistan ($56.9M), Spain ($16.6M), Greece ($4.03M), and Netherlands ($2.04M).

In 2023, the countries that had a largest trade value in imports than in exports of Saffron were India ($35.1M), China ($26.4M), United States ($21M), Saudi Arabia ($19.5M), and United Arab Emirates ($15M).

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 Saffron.
It is possible to select the main countries that export or import Saffron in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Saffron 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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