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HS Icon Sauces and Seasonings

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

2103 (Harmonized System 1992 for 4-digit)

2021
World Trade: $16.9B, Rnk 244 / 1217

2021
Top Exporter | Top Importer: $1.94B | $1.92B, United States | United States

2021
Product Complexity: -0.45, Rnk 695 / 1024

2020 - 2021
Export Growth (CAGR): 15%, Rnk 848 / 1217

2018
Mean Tariff: 21.7%, Rnk 87 / 1259

2021
Share of World Trade: 0.0008%, Rnk 244 / 1217

About

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Overview This page contains the latest trade data of Sauces and Seasonings. In 2021, Sauces and Seasonings were the world's 244th most traded product, with a total trade of $16.9B. Between 2020 and 2021 the exports of Sauces and Seasonings grew by 15%, from $14.7B to $16.9B. Trade in Sauces and Seasonings represent 0.0008% 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 2021 the top exporters of Sauces and Seasonings  were United States ($1.94B), China ($1.81B), Italy ($1.44B), Netherlands ($1.18B), and Germany ($1.06B).

Imports In 2021 the top importers of Sauces and Seasonings were United States ($1.92B), United Kingdom ($1B), Germany ($937M), France ($913M), and Canada ($830M).

Tariffs In 2018 the average tariff for Sauces and Seasonings was 21.7%, making it the 87th lowest tariff using the HS4 product classification.

Ranking Sauces and Seasonings ranks 695th in the Product Complexity Index (PCI).

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Latest Data

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View
Flow
Y-AXIS SCALE

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.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2021): United States, $1.94B

Top Destination (2021): United States, $1.92B

Sauces and Seasonings are the world's 244th most traded product.

In 2021, the top exporters of Sauces and Seasonings were United States ($1.94B), China ($1.81B), Italy ($1.44B), Netherlands ($1.18B), and Germany ($1.06B).

In 2021, the top importers of Sauces and Seasonings were United States ($1.92B), United Kingdom ($1B), Germany ($937M), France ($913M), and Canada ($830M).

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Market Dynamics

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Trade by country

Color

Top Origin Growth (2020 -  2021): China, $415M

Top Destination Growth (2020 -  2021): United States, $265M

Between 2020 and 2021, the exports of Sauces and Seasonings grew the fastest in China ($415M), United States ($236M), Netherlands ($189M), Italy ($163M), and Belgium ($107M).

Between 2020 and 2021, the fastest growing importers of Sauces and Seasonings were United States ($265M), France ($137M), Hong Kong ($120M), Thailand ($115M), and Germany ($96.3M).

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Market Concentration

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Cumulative market share

Value

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

In 2021, market concentration measured using Shannon Entropy, was 4.98. This means that most of the exports of Sauces and Seasonings are explained by 31 countries.

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Net Trade

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TOP NET EXPORTER (2021): China, $1.58B

TOP NET IMPORTER (2021): France, $577M

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 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Sauces and Seasonings were China ($1.58B), Italy ($1.19B), Netherlands ($591M), Thailand ($565M), and Belgium ($250M).

In 2021, the countries that had a largest trade value in imports than in exports of Sauces and Seasonings were France ($577M), United Kingdom ($532M), Canada ($362M), Australia ($330M), and Hong Kong ($240M).

Disaggregation

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Value

In 2021, the world most traded Sauces and Seasonings, disaggragated by their HS6 level were Sauces nes, mixed condiments, mixed seasoning ($13.4B), Tomato ketchup and other tomato sauces ($2.19B), Soya sauce ($860M), and Mustard flour or meal and prepared... ($387M)

Country Comparison

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Flow
Measure
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.

Product Complexity

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Diversification Frontier

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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.

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

Country by Relatedness

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

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