Spices0910 (Harmonized System 1992 for 4-digit)
2020 World Trade: $3.61B, Rnk 579 / 1217
2020 Top Exporter | Top Importer: $955M | $406M, China | United States
2020 Product Complexity: -1.65, Rnk 967 / 1028
2019 - 2020 Export Growth (CAGR): 23.2%, Rnk 41 / 1217
2018 Mean Tariff: 11.2%, Rnk 350 / 1259
2020 Share of World Trade: 0.022%, Rnk 579 / 1217
Overview This page contains the latest trade data of Spices. In 2020, Spices were the world's 579th most traded product, with a total trade of $3.61B. Between 2019 and 2020 the exports of Spices grew by 23.2%, from $2.93B to $3.61B. Trade in Spices represent 0.022% of total world trade.
Spices are a part of Coffee, tea, mate and spices. They include Ginger, Spices nes, Mixtures of spices, Saffron, Turmeric (curcuma), Thyme and bay leaves, and Curry.
Exports In 2020 the top exporters of Spices were China ($955M), India ($530M), Netherlands ($242M), Germany ($144M), and Turkey ($131M).
Imports In 2020 the top importers of Spices were United States ($406M), Netherlands ($248M), Germany ($201M), Malaysia ($181M), and Saudi Arabia ($165M).
Tariffs In 2018 the average tariff for Spices was 11.2%, making it the 350th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Spices are South Korea (181%), Bhutan (48.9%), Iran (42.1%), Tunisia (36%), and Montserrat (35.8%). The countries with the lowest tariffs are Hong Kong (0%), Maldives (0%), Singapore (0%), Bosnia and Herzegovina (0%), and Switzerland (0%).
Ranking Spices ranks 967th in the Product Complexity Index (PCI).
The following visualization shows the latest trends on Spices. 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.
Trade By Country
Top Origin (2020): China, $955M
Top Destination (2020): United States, $406M
Spices are the world's 579th most traded product.
In 2020, the top exporters of Spices were China ($955M), India ($530M), Netherlands ($242M), Germany ($144M), and Turkey ($131M).
In 2020, the top importers of Spices were United States ($406M), Netherlands ($248M), Germany ($201M), Malaysia ($181M), and Saudi Arabia ($165M).
Trade by country
Top Origin Growth (2019 - 2020): China, $211M
Top Destination Growth (2019 - 2020): United States, $102M
Between 2019 and 2020, the exports of Spices grew the fastest in China ($211M), India ($132M), Peru ($69.1M), Netherlands ($25.7M), and Germany ($22.5M).
Between 2019 and 2020, the fastest growing importers of Spices were United States ($102M), Netherlands ($83.3M), Malaysia ($79.6M), Bangladesh ($37.6M), and Germany ($33.8M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Spices.
In 2020, market concentration measured using Shannon Entropy, was 4.47. This means that most of the exports of Spices are explained by 22 countries.
TOP NET EXPORTER (2020): China, $891M
TOP NET IMPORTER (2020): United States, $346M
This map shows which countries export or import more of Spices. Each country is colored based on the difference in exports and imports of Spices during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Spices were China ($891M), India ($445M), Peru ($116M), Turkey ($107M), and Iran ($86.9M).
In 2020, the countries that had a largest trade value in imports than in exports of Spices were United States ($346M), Saudi Arabia ($160M), Malaysia ($157M), Japan ($110M), and Bangladesh ($109M).
In 2020, the world most traded Spices, disaggragated by their HS6 level were Ginger ($1.47B), Spices nes ($913M), Mixtures of spices ($642M), Turmeric (curcuma) ($351M), and Saffron ($240M)
This visualization shows the countries that have an important ratio of their trade related to Spices. It is possible to select the main countries that export or import Spices in the world, or by continent, as well as select the measure of interest.
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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