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).