HS Icon Spices

0910 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $2.88B, Rnk 642 / 1217

2019
Top Exporter | Top Importer
: $737M | $307M, China | United States

2019
Product Complexity
: -1.62, Rnk 903 / 961

2018 - 2019
Export Growth (CAGR)
: 1.72%, Rnk 286 / 1217

2018
Mean Tariff
: 11%, Rnk 367 / 1259

 2019
Share of World Trade
: 0.016%, Rnk 642 / 1217

Overview:  This page contains the latest trade data of Spices. In 2019, Spices were the world's 642nd most traded product, with a total trade of $2.88B. Between 2018 and 2019 the exports of Spices grew by 1.72%, from  $2.83B to $2.88B. Trade in Spices represent 0.016% of total world trade.

Exports: In 2019 the top exporters of Spices  were China ($737M), India ($388M), Netherlands ($195M), Germany ($124M), and Turkey ($112M).

Imports: In 2019 the top importers of Spices were United States ($307M), Netherlands ($169M), Germany ($159M), Saudi Arabia ($129M), and United Kingdom ($120M).

Tariffs: In 2018 the average tariff for Spices was 11%, making it the 367th 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 903rd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2019): China, $737M

Top Destination (2019): United States, $307M

Spices are the world's 642nd most traded product.

In 2019, the top exporters of Spices were China ($737M), India ($388M), Netherlands ($195M), Germany ($124M), and Turkey ($112M).

In 2019, the top importers of Spices were United States ($307M), Netherlands ($169M), Germany ($159M), Saudi Arabia ($129M), and United Kingdom ($120M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $158M

Top Destination Growth (2018 - 2019): Malaysia, $47.9M

Between 2018 and 2019, the exports of Spices grew the fastest in China ($158M), Turkey ($23.2M), India ($15.9M), Brazil ($13.6M), and Myanmar ($8.92M).

Between 2018 and 2019, the fastest growing importers of Spices were Malaysia ($47.9M), Bangladesh ($47.2M), United States ($23.4M), Netherlands ($20.4M), and China ($14.8M).

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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 Spices.

In 2019,  market concentration measured using Shannon Entropy, was 4.55. This means that most of the exports of Spices are explained by 23 countries.

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TOP NET EXPORTER (2019): China, $705M

TOP NET IMPORTER (2019): United States, $265M

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

In 2019, the countries that had a largest trade value in exports than in imports of Spices were China ($705M), India ($309M), Turkey ($89.9M), Iran ($82.7M), and Thailand ($69M).

In 2019, the countries that had a largest trade value in imports than in exports of Spices were United States ($265M), Saudi Arabia ($126M), Japan ($110M), Malaysia ($80.4M), and United Kingdom ($79.7M).

Disaggregation

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Value

In 2019, the world most traded Spices, disaggragated by their HS6 level were Ginger ($1.06B), Spices nes ($772M), Mixtures of spices ($517M), Turmeric (curcuma) ($304M), and Saffron ($229M)

Import Tariffs

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In 2018, the average tariff for importing Spices was 11%.  The countries with the highest tariffs for importing Spices were South Korea (181%), Iran (42.1%), Tunisia (36%), Jamaica (32.2%), and Belize (30.3%).

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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.