HS Icon Saffron

091020 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $229M, Rnk 3550 / 4648

2019
Top Exporter | Top Importer
: $102M | $34.1M, Iran | Spain

2019
Product Complexity
: -1.58, Rnk 4478 / 4826

2018 - 2019
Export Growth (CAGR)
: -41%, Rnk 4564 / 4648

2018
Mean Tariff
: 14.3%, Rnk 1306 / 6538

 2019
Share of World Trade
: 0.0013%, Rnk 3550 / 4648

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).

Exporters and Importers

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Trade By Country

Top Origin (2019): Iran, $102M

Top Destination (2019): Spain, $34.1M

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).

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Market Dynamics

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Trade by country

Value

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).

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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 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.

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TOP NET EXPORTER (2019): Iran, $102M

TOP NET IMPORTER (2019): Hong Kong, $28.1M

This 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).

Import Tariffs

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In 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%).

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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.