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091020 (Harmonized System 1992 for 6-digit)

2022
World Trade $243MRnk 3586 / 4648
2022
Top Exporter | Top Importer $121M | $45.8MIran | Spain
2022
Product Complexity -1.67Rnk 4384 / 4653
2021 - 2022
Export Growth (CAGR) -18.6%Rnk 4290 / 4648
2022
Share of World Trade 0.001%Rnk 3586 / 4648

About

Overview This page contains the latest trade data of Saffron. In 2022, Saffron were the world's 3586th most traded product, with a total trade of $243M. Between 2021 and 2022 the exports of Saffron decreased by -18.6%, from $298M to $243M. Trade in Saffron represent 0.001% of total world trade.

Saffron are a part of Spices.

Exports In 2022 the top exporters of Saffron  were Iran ($121M), Spain ($53.4M), Afghanistan ($18.3M), United Arab Emirates ($15.3M), and Nigeria ($4.39M).

Imports In 2022 the top importers of Saffron were Spain ($45.8M), United Arab Emirates ($28.4M), United States ($19.9M), India ($18.3M), and China ($16.5M).

Ranking Saffron ranks 4384th in the Product Complexity Index (PCI).

Description -

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 (2022)Iran$121M
Top Destination (2022)Spain$45.8M

In 2022 Saffron were the world's 3586th most traded product (out of 4,648).

In 2022, the top exporters of Saffron were Iran ($121M), Spain ($53.4M), Afghanistan ($18.3M), United Arab Emirates ($15.3M), and Nigeria ($4.39M).

In 2022, the top importers of Saffron were Spain ($45.8M), United Arab Emirates ($28.4M), United States ($19.9M), India ($18.3M), and China ($16.5M).

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Exporters of Saffron (2022)
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Importers of Saffron (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)United Arab Emirates$8.04M
Top Destination Growth (2021 -  2022)Spain$15.7M

Between 2021 and 2022, the exports of Saffron grew the fastest in United Arab Emirates ($8.04M), Spain ($6.19M), Nigeria ($3.4M), Netherlands ($984k), and China ($726k).

Between 2021 and 2022, the fastest growing importers of Saffron were Spain ($15.7M), Kuwait ($10.2M), United States ($2.95M), Italy ($2.48M), and Sweden ($2.17M).

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Exporters of Saffron (2021 - 2022)

Importers of Saffron (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 2.55. 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 (2022)Iran$121M
TOP NET IMPORTER (2022)United States$19M

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Saffron were Iran ($121M), Afghanistan ($18.3M), Spain ($7.61M), Nigeria ($4.39M), and Greece ($3.02M).

In 2022, the countries that had a largest trade value in imports than in exports of Saffron were United States ($19M), India ($16.9M), China ($15.2M), Kuwait ($13.4M), and Italy ($13.2M).

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 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 (2022)

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