HS Icon Spice Seeds

0909 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.01B, Rnk 905 / 1225

Top Exporter (2018): $519M, India

Top Importer (2018): $160M, Vietnam

Product Complexity (2018): -1.23, Rnk 878 / 1018

Export Growth (CAGR)(2017 - 2018): 12.8%, Rnk 627 / 1225

Mean Tariff (2018): 11.5%, Rnk 344 / 1259

Share of World Trade (2018): 0.0055%, Rnk 905 / 1225

Overview: In 2018, Spice Seeds were the world's 905th most traded product, with a total trade of $1.01B. Between 2017 and 2018 the exports of Spice Seeds grew by 12.8%, from  $898M to $1.01B. Trade in Spice Seeds represent 0.0055% of total world trade.

Exports: In 2018 the top exporters of Spice Seeds  were India ($519M), Syria ($71.7M), China ($52.3M), Egypt ($44.9M), and Vietnam ($32M).

Imports: In 2018 the top importers of Spice Seeds were Vietnam ($160M), United States ($76.7M), Bangladesh ($65.6M), India ($62.6M), and Germany ($44.5M).

Tariffs: In 2018 the average tariff for Spice Seeds was 11.5%, been the 344 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Spice Seeds are Iran (50.3%), Cyprus (42%), Tunisia (36%), Cape Verde (30%), and Ethiopia (29.7%). The countries with the lowest tariffs are Angola (0%), South Africa (0%), Hong Kong (0%), Maldives (0%), and Singapore (0%).

Ranking: Spice Seeds ranks 878th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): India, $519M

Top Destination (2018): Vietnam, $160M

Spice Seeds are the world's 905th most traded product.

In 2018, the top exporters of Spice Seeds were India ($519M), Syria ($71.7M), China ($52.3M), Egypt ($44.9M), and Vietnam ($32M).

In 2018, the top importers of Spice Seeds were Vietnam ($160M), United States ($76.7M), Bangladesh ($65.6M), India ($62.6M), and Germany ($44.5M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): India, $71M

Top Destination Growth (2017 - 2018): Bangladesh, $25M

Between 2017 and 2018, the exports of Spice Seeds grew the fastest in India ($71M), China ($22.4M), United Arab Emirates ($15M), Vietnam ($7.91M), and Spain ($5.72M).

Between 2017 and 2018, the fastest growing importers of Spice Seeds were Bangladesh ($25M), Vietnam ($23.1M), Saudi Arabia ($18.1M), Pakistan ($14.6M), and Afghanistan ($9.8M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Spice Seeds.

In 2018,  market concentration measured using Shannon Entropy, was 3.27. This means that most of the exports of Spice Seeds are explained by 9 countries.

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TOP NET EXPORTER (2018): India, $457M

TOP NET IMPORTER (2018): Vietnam, $128M

This map shows which countries export or import more of Spice Seeds. Each country is colored based on the difference in exports and imports of Spice Seeds during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Spice Seeds were India ($457M), Syria ($71.6M), China ($49.2M), Turkey ($20.4M), and Russia ($13.9M).

In 2018, the countries that had a largest trade value in imports than in exports of Spice Seeds were Vietnam ($128M), United States ($68.9M), Bangladesh ($64M), Malaysia ($31.9M), and Saudi Arabia ($31.6M).

Trade Forecasts

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This section shows forecasts for total trade for Spice Seeds. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Spice Seeds was 11.5%.  The countries with the highest tariffs for importing Spice Seeds were Iran (50.3%), Cyprus (42%), Tunisia (36%), Cape Verde (30%), and Ethiopia (29.7%).

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Product Complexity

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Diversification Frontier

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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.