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2022
Exports $84.7MWorld Rnk 3 / 145
Flag Rnk 899 / 1216
2022
Destination $3.08M Vietnam
2021 - 2022
FASTEST GROWING MARKET $3.08MMalaysia
2022
PRODUCT COMPLEXITY IN Spice Seeds-1.2Rnk 880 / 1025
2022
Imports $136MWorld Rnk 1 / 216
Flag Rnk 587 / 1212
2022
Origin $8.23M India
2021 - 2022
FASTEST GROWING ORIGIN $8.23MVietnam
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $84.7M in Spice Seeds, making it the 3rd largest exporter of Spice Seeds in the world. At the same year, Spice Seeds was the 899th most exported product in China. The main destination of Spice Seeds exports from China are: Vietnam ($25.6M), Malaysia ($10.2M), Thailand ($4.24M), Pakistan ($4.22M), and Indonesia ($3.71M).

The fastest growing export markets for Spice Seeds of China between 2021 and 2022 were Malaysia ($3.08M), Pakistan ($1.04M), and Italy ($402k).

Imports In 2022, China imported $136M in Spice Seeds, becoming the 1st largest importer of Spice Seeds in the world. At the same year, Spice Seeds was the 587th most imported product in China. China imports Spice Seeds primarily from: India ($119M), Vietnam ($9.38M), Italy ($6.07M), Egypt ($429k), and Bulgaria ($372k).

The fastest growing import markets in Spice Seeds for China between 2021 and 2022 were Vietnam ($8.23M), Italy ($2.16M), and Bulgaria ($344k).

COMPANIES In 2023, leading companies such as Jo-Ann Stores (2), At Home Procurement (2), and Cinmar (2) were at the forefront of shipping Spice Seeds from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Spice Seeds exports accounted up to $5.94M and imports accounted up to $8.13M, resulting in a negative trade balance of $2.19M. Between October 2023 and October 2024 the exports of China's   Spice Seeds have decreased by $-5.51M (-48.1%) from $11.5M to $5.94M, while imports increased by $7.61M (1.47k%) from $517k to $8.13M.

Destinations In October 2024, Spice Seeds were exported mostly to Vietnam ($2.74M), Pakistan ($724k), Netherlands ($452k), Japan ($259k), and Thailand ($182k), and were imported mostly from India ($7.35M) and Italy ($772k).

Growth In October 2024, the decrease in Spice Seeds's year-by-year exports was explained primarily by a decrease in exports to Vietnam ($-2.06M or -43.7%), Hong Kong ($-291k or -90.5%), and Chinese Taipei ($-267k or -65.1%). In October 2024, the increase in Spice Seeds's year-by-year imports was explained primarily by an increase in imports from Vietnam ($43.9k or 151%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-5.51M(-48.1%)
IMPORT GROWTH (October 2023 - October 2024)$7.61M(1.47k%)
MAIN EXPORTER (October 2024)Guangxi Zhuang Autonomous Region$10.3M
MAIN DESTINATION (October 2024)Vietnam$2.74M

This section shows Spice Seeds's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Spice Seeds over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$84.7M
IMPORTS (2022)$136M
NET TRADE (2022)-$51.6M

In 2022, China exported $84.7M in Spice Seeds. The main destinations of China exports on Spice Seeds were Vietnam ($25.6M), Malaysia ($10.2M), Thailand ($4.24M), Pakistan ($4.22M), and Indonesia ($3.71M).

In 2022, China imported $136M in Spice Seeds, mainly from India ($119M), Vietnam ($9.38M), Italy ($6.07M), Egypt ($429k), and Bulgaria ($372k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Spice Seeds EXPORT MARKETS FOR China WERE (2021 - 2022):
Malaysia$3.08M (43.2%)
Pakistan$1.04M (32.5%)
Italy$402k (124%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spice Seeds BY China WERE (2021 - 2022):
Vietnam-$12.6M (-33%)
India-$4.09M (-71.1%)
United States-$1.6M (-31.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Spice Seeds were:
India $618M
Vietnam $89.5M
In 2022, China's main importing competitors in Spice Seeds were:
India $119M
United States $99.7M

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Trade Value of Spice Seeds by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $3.09M
TOP IMPORT POTENTIALIndia+ $32.1M

Spice Seeds’s highest export potential is India. With an export gap of $3.09M.   Spice Seeds’s highest import potential is India with an import gap of $32.1M.

See methodology.

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