HS Icon Nutmeg, mace and cardamons

0908 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $1.2B, Rnk 868 / 1217

2019
Top Exporter | Top Importer
: $653M | $195M, Guatemala | Saudi Arabia

2019
Product Complexity
: -1.98, Rnk 936 / 961

2018 - 2019
Export Growth (CAGR)
: 32.4%, Rnk 14 / 1217

2018
Mean Tariff
: 9.24%, Rnk 462 / 1259

 2019
Share of World Trade
: 0.0066%, Rnk 868 / 1217

Overview:  This page contains the latest trade data of Nutmeg, mace and cardamons. In 2019, Nutmeg, mace and cardamons were the world's 868th most traded product, with a total trade of $1.2B. Between 2018 and 2019 the exports of Nutmeg, mace and cardamons grew by 32.4%, from  $905M to $1.2B. Trade in Nutmeg, mace and cardamons represent 0.0066% of total world trade.

Exports: In 2019 the top exporters of Nutmeg, mace and cardamons  were Guatemala ($653M), Indonesia ($166M), United Arab Emirates ($98M), India ($79.8M), and Nepal ($26.2M).

Imports: In 2019 the top importers of Nutmeg, mace and cardamons were Saudi Arabia ($195M), United Arab Emirates ($176M), India ($103M), Bangladesh ($65.2M), and Pakistan ($52.1M).

Tariffs: In 2018 the average tariff for Nutmeg, mace and cardamons was 9.24%, making it the 462nd lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Nutmeg, mace and cardamons are India (53.8%), Cyprus (42%), Tunisia (36%), Cape Verde (30%), and Sri Lanka (29.9%). The countries with the lowest tariffs are South Africa (0%), Hong Kong (0%), Maldives (0%), Singapore (0%), and Taiwan (0%).

Ranking: Nutmeg, mace and cardamons ranks 936th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2019): Guatemala, $653M

Top Destination (2019): Saudi Arabia, $195M

Nutmeg, mace and cardamons are the world's 868th most traded product.

In 2019, the top exporters of Nutmeg, mace and cardamons were Guatemala ($653M), Indonesia ($166M), United Arab Emirates ($98M), India ($79.8M), and Nepal ($26.2M).

In 2019, the top importers of Nutmeg, mace and cardamons were Saudi Arabia ($195M), United Arab Emirates ($176M), India ($103M), Bangladesh ($65.2M), and Pakistan ($52.1M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Guatemala, $213M

Top Destination Growth (2018 - 2019): United Arab Emirates, $65.2M

Between 2018 and 2019, the exports of Nutmeg, mace and cardamons grew the fastest in Guatemala ($213M), United Arab Emirates ($46.9M), Indonesia ($43.9M), Singapore ($10.2M), and Sri Lanka ($5.7M).

Between 2018 and 2019, the fastest growing importers of Nutmeg, mace and cardamons were United Arab Emirates ($65.2M), Saudi Arabia ($48.7M), India ($28.7M), China ($18.5M), and Bangladesh ($16M).

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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 Nutmeg, mace and cardamons.

In 2019,  market concentration measured using Shannon Entropy, was 2.6. This means that most of the exports of Nutmeg, mace and cardamons are explained by 6 countries.

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TOP NET EXPORTER (2019): Guatemala, $650M

TOP NET IMPORTER (2019): Saudi Arabia, $194M

This map shows which countries export or import more of Nutmeg, mace and cardamons. Each country is colored based on the difference in exports and imports of Nutmeg, mace and cardamons during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Nutmeg, mace and cardamons were Guatemala ($650M), Indonesia ($165M), Nepal ($21.8M), Sri Lanka ($18.3M), and Grenada ($6.49M).

In 2019, the countries that had a largest trade value in imports than in exports of Nutmeg, mace and cardamons were Saudi Arabia ($194M), United Arab Emirates ($77.9M), Bangladesh ($65.2M), Pakistan ($51.4M), and United States ($37.4M).

Disaggregation

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Value

In 2019, the world most traded Nutmeg, mace and cardamons, disaggragated by their HS6 level were Cardamoms ($941M), Nutmeg ($184M), and Mace ($73.5M)

Import Tariffs

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In 2018, the average tariff for importing Nutmeg, mace and cardamons was 9.24%.  The countries with the highest tariffs for importing Nutmeg, mace and cardamons were India (53.8%), Cyprus (42%), Tunisia (36%), Cape Verde (30%), and Sri Lanka (29.9%).

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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.