Saffron
091020 (Harmonized System 1992 for 6-digit)
Overview: This page contains the latest trade data of Saffron. In 2019, Saffron were the world's 3550th most traded product, with a total trade of $229M. Between 2018 and 2019 the exports of Saffron decreased by -41%, from $388M to $229M. Trade in Saffron represent 0.0013% of total world trade.
Exports: In 2019 the top exporters of Saffron were Iran ($102M), Spain ($49.8M), Afghanistan ($28.9M), China ($5.73M), and Hong Kong ($5.48M).
Imports: In 2019 the top importers of Saffron were Spain ($34.1M), Hong Kong ($33.6M), Saudi Arabia ($19.8M), United Arab Emirates ($18.6M), and India ($18.3M).
Tariffs: In 2018 the average tariff for Saffron was 14.3%, making it the 1306th lowest tariff using the HS6 product classification.
The countries with the highest import tariffs for Saffron are Iran (90%), Jamaica (40%), Trinidad and Tobago (37.8%), Barbados (37.2%), and Belize (36.8%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Maldives (0%), and Singapore (0%).
Ranking: Saffron ranks 4478th in the Product Complexity Index (PCI).
Product Trade
#permalink to sectionExporters and Importers
#permalink to sectionTrade By Country
Saffron are the world's 3550th most traded product.
In 2019, the top exporters of Saffron were Iran ($102M), Spain ($49.8M), Afghanistan ($28.9M), China ($5.73M), and Hong Kong ($5.48M).
In 2019, the top importers of Saffron were Spain ($34.1M), Hong Kong ($33.6M), Saudi Arabia ($19.8M), United Arab Emirates ($18.6M), and India ($18.3M).
Market Dynamics
#permalink to sectionTrade by country
Top Origin Growth (2018 - 2019): Uzbekistan, $5.12M
Top Destination Growth (2018 - 2019): Turkey, $5.15M
Between 2018 and 2019, the exports of Saffron grew the fastest in Uzbekistan ($5.12M), Afghanistan ($3.11M), Netherlands ($520k), Latvia ($209k), and France ($143k).
Between 2018 and 2019, the fastest growing importers of Saffron were Turkey ($5.15M), Saudi Arabia ($2.84M), Portugal ($1.11M), Kuwait ($769k), and Netherlands ($515k).
Market Concentration
#permalink to sectionCumulative market share
This chart shows the evolution of the market concentration of exports of Saffron.
In 2019, market concentration measured using Shannon Entropy, was 2.74. This means that most of the exports of Saffron are explained by 6 countries.
Net Trade
#permalink to sectionThis map shows which countries export or import more of Saffron. Each country is colored based on the difference in exports and imports of Saffron during 2019.
In 2019, the countries that had a largest trade value in exports than in imports of Saffron were Iran ($102M), Afghanistan ($28.9M), Spain ($15.7M), Uzbekistan ($5.12M), and Greece ($4.74M).
In 2019, the countries that had a largest trade value in imports than in exports of Saffron were Hong Kong ($28.1M), Saudi Arabia ($19.8M), India ($17M), United Arab Emirates ($17M), and United States ($15.7M).
Tariffs
#permalink to sectionImport Tariffs
#permalink to sectionIn 2018, the average tariff for importing Saffron was 14.3%. The countries with the highest tariffs for importing Saffron were Iran (90%), Jamaica (40%), Trinidad and Tobago (37.8%), Barbados (37.2%), and Belize (36.8%).
Product Complexity
#permalink to sectionDiversification Frontier
#permalink to sectionThe 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.
