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0905 (Harmonized System 1992 for 4-digit)

2023
World Trade $610MRnk 1008 / 1217
2023
Top Exporter | Top Importer $389M | $217MMadagascar | United States
2023
Product Complexity -1.97Rnk 1008 / 1044
2022 - 2023
Export Growth (CAGR) -37.3%Rnk 1186 / 1217
2023
Share of World Trade 0.0027%Rnk 1008 / 1217

About

Overview This page contains the latest trade data of Vanilla. In 2023, Vanilla were the world's 1008th most traded product, with a total trade of $610M. Between 2022 and 2023 the exports of Vanilla decreased by -37.3%, from $972M to $610M. Trade in Vanilla represent 0.0027% of total world trade.

Vanilla are a part of Coffee, tea, mate & spices. They include Vanilla beans.

Exports In 2023 the top exporters of Vanilla  were Madagascar ($389M), Uganda ($33.1M), France ($29.2M), Canada ($24.1M), and Indonesia ($18.9M).

Imports In 2023 the top importers of Vanilla were United States ($217M), France ($130M), Germany ($49.4M), Netherlands ($39.1M), and Canada ($27.7M).

Ranking Vanilla ranks 1008th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Flow
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The following visualization shows the latest trends on Vanilla. 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 (2023)Madagascar$389M
Top Destination (2023)United States$217M

In 2023 Vanilla were the world's 1008th most traded product (out of 1,217).

In 2023, the top exporters of Vanilla were Madagascar ($389M), Uganda ($33.1M), France ($29.2M), Canada ($24.1M), and Indonesia ($18.9M).

In 2023, the top importers of Vanilla were United States ($217M), France ($130M), Germany ($49.4M), Netherlands ($39.1M), and Canada ($27.7M).

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Exporters of Vanilla (2023)
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Importers of Vanilla (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United Kingdom$2.21M
Top Destination Growth (2022 -  2023)Mauritius$3.93M

Between 2022 and 2023, the exports of Vanilla grew the fastest in United Kingdom ($2.21M), Singapore ($1.99M), Poland ($777k), Italy ($577k), and South Africa ($340k).

Between 2022 and 2023, the fastest growing importers of Vanilla were Mauritius ($3.93M), Singapore ($3.13M), India ($2.71M), Tunisia ($872k), and Czechia ($733k).

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Exporters of Vanilla (2022 - 2023)

Importers of Vanilla (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 2.48. This means that most of the exports of Vanilla are explained by 5 countries.

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Value of Exports in Vanilla

Net Trade

TOP NET EXPORTER (2023)Madagascar$387M
TOP NET IMPORTER (2023)United States$207M

This map shows which countries export or import more of Vanilla. Each country is colored based on the difference in exports and imports of Vanilla during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Vanilla were Madagascar ($387M), Uganda ($32.4M), Indonesia ($15.4M), Papua New Guinea ($10.4M), and French Polynesia ($5.14M).

In 2023, the countries that had a largest trade value in imports than in exports of Vanilla were United States ($207M), France ($101M), Germany ($31.1M), Netherlands ($27.2M), and Mauritius ($12.4M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Vanilla.
It is possible to select the main countries that export or import Vanilla in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Vanilla by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $2M
TOP IMPORT POTENTIALCanada+ $17.5k

Vanilla’s highest export potential is India. With an export gap of $2M.  Vanilla’s highest import potential is Canada with an import gap of $17.5k.

See methodology.

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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 (2023)

Country by Relatedness

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

Relative Relatedness by Country (2023)

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