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Sauces and preparations therefor; mixed condiments and mixed seasonings, mustard flour and meal and prepared mustard

2103 (Harmonized System 1992 for 4-digit)

2022
World Trade $18.1BRnk 243 / 1218
2022
Top Exporter | Top Importer $2.15B | $2.23BUnited States | United States
2022
Product Complexity -0.55Rnk 721 / 1033
2021 - 2022
Export Growth (CAGR) 7.56%Rnk 498 / 1218
2022
Share of World Trade 0.076%Rnk 243 / 1218

About

Overview This page contains the latest trade data of Sauces and Seasonings. In 2022, Sauces and Seasonings were the world's 243rd most traded product, with a total trade of $18.1B. Between 2021 and 2022 the exports of Sauces and Seasonings grew by 7.56%, from $16.8B to $18.1B. Trade in Sauces and Seasonings represent 0.076% of total world trade.

Sauces and Seasonings are a part of Miscellaneous edible preparations. They include Sauces nes, mixed condiments, mixed seasoning, Tomato ketchup and other tomato sauces, Soya sauce, and Mustard flour or meal and prepared mustard.

Exports In 2022 the top exporters of Sauces and Seasonings  were United States ($2.15B), China ($2.05B), Italy ($1.54B), Netherlands ($1.26B), and Germany ($1.06B).

Imports In 2022 the top importers of Sauces and Seasonings were United States ($2.23B), United Kingdom ($1.01B), France ($968M), Germany ($934M), and Canada ($921M).

Ranking Sauces and Seasonings ranks 721st in the Product Complexity Index (PCI).

Description -

Latest Trends

Latest Data

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The following visualization shows the latest trends on Sauces and Seasonings. 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)United States$2.15B
Top Destination (2022)United States$2.23B

In 2022 Sauces and Seasonings were the world's 243rd most traded product (out of 1,218).

In 2022, the top exporters of Sauces and Seasonings were United States ($2.15B), China ($2.05B), Italy ($1.54B), Netherlands ($1.26B), and Germany ($1.06B).

In 2022, the top importers of Sauces and Seasonings were United States ($2.23B), United Kingdom ($1.01B), France ($968M), Germany ($934M), and Canada ($921M).

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Exporters of Sauces and Seasonings (2022)
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Importers of Sauces and Seasonings (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$250M
Top Destination Growth (2021 -  2022)Hong Kong$302M

Between 2021 and 2022, the exports of Sauces and Seasonings grew the fastest in China ($250M), United States ($193M), Mexico ($118M), Italy ($100M), and Canada ($96.5M).

Between 2021 and 2022, the fastest growing importers of Sauces and Seasonings were Hong Kong ($302M), United States ($296M), Kuwait ($89.6M), Canada ($83.9M), and Mexico ($71.7M).

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Exporters of Sauces and Seasonings (2021 - 2022)

Importers of Sauces and Seasonings (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Sauces and Seasonings.

In 2022, market concentration measured using Shannon Entropy, was 4.97. This means that most of the exports of Sauces and Seasonings are explained by 31 countries.

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Value of Exports in Sauces and Seasonings

Net Trade

TOP NET EXPORTER (2022)China$1.85B
TOP NET IMPORTER (2022)France$661M

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

In 2022, the countries that had a largest trade value in exports than in imports of Sauces and Seasonings were China ($1.85B), Italy ($1.27B), Thailand ($729M), Netherlands ($663M), and Belgium ($297M).

In 2022, the countries that had a largest trade value in imports than in exports of Sauces and Seasonings were France ($661M), United Kingdom ($534M), Hong Kong ($522M), Canada ($355M), and Australia ($348M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Sauces and Seasonings, disaggragated by their HS6 level were Sauces nes, mixed condiments, mixed seasoning ($14.5B), Tomato ketchup and other tomato sauces ($2.34B), Soya sauce ($877M), and Mustard flour or meal and prepared... ($436M)

HS6 Disaggregation for Sauces and Seasonings (2022)
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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 Sauces and Seasonings.
It is possible to select the main countries that export or import Sauces and Seasonings in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Sauces and Seasonings by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited Kingdom+ $19.3M
TOP IMPORT POTENTIALChina+ $61.4M

Sauces and Seasonings’s highest export potential is United Kingdom. With an export gap of $19.3M.  Sauces and Seasonings’s highest import potential is China with an import gap of $61.4M.

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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 (2022)

Related Products

This visualization shows products that are likely to be exported by countries that export Sauces and Seasonings.

Country by Relatedness

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

Relative Relatedness by Country (2022)

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