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).