Overview: In 2018, Spices were the world's 656th most traded product, with a total trade of $2.69B. Between 2017 and 2018 the exports of Spices grew by 8.96%, from $2.46B to $2.69B. Trade in Spices represent 0.015% of total world trade.
Exports: In 2018 the top exporters of Spices were China ($582M), India ($373M), Netherlands ($197M), Iran ($161M), and Germany ($122M).
Imports: In 2018 the top importers of Spices were United States ($282M), Germany ($156M), Netherlands ($147M), United Kingdom ($119M), and Saudi Arabia ($117M).
Tariffs: In 2018 the average tariff for Spices was 11%, been the 367 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Spices are South Korea (181%), Iran (42.1%), Tunisia (36%), Jamaica (32.2%), and Belize (30.3%). The countries with the lowest tariffs are Hong Kong (0%), Maldives (0%), Singapore (0%), Bosnia and Herzegovina (0%), and Switzerland (0%).
Ranking: Spices ranks 954th in the Product Complexity Index (PCI).