2022
Exports
$11.2MWorld Rnk 38 / 194
Flag Rnk 465 / 1208
2022
PRODUCT COMPLEXITY IN Spices
-1.63Rnk 964 / 1025
2022
Imports
$30.7MWorld Rnk 24 / 223
Flag Rnk 596 / 1206
2022
ECONOMIC COMPLEXITY of Australia
-0.24Rnk 78 / 133

About

Exports In 2022, Australia exported $11.2M in Spices, making it the 38th largest exporter of Spices in the world. At the same year, Spices was the 465th most exported product in Australia. The main destination of Spices exports from Australia are: Netherlands ($4.07M), United States ($2.01M), New Zealand ($1.58M), Singapore ($1.13M), and Malaysia ($336k).

The fastest growing export markets for Spices of Australia between 2021 and 2022 were Netherlands ($1.33M), United States ($775k), and Fiji ($230k).

Imports In 2022, Australia imported $30.7M in Spices, becoming the 24th largest importer of Spices in the world. At the same year, Spices was the 596th most imported product in Australia. Australia imports Spices primarily from: India ($13.1M), Iran ($1.65M), China ($1.65M), Turkey ($1.57M), and Fiji ($1.57M).

The fastest growing import markets in Spices for Australia between 2021 and 2022 were India ($813k), Iran ($772k), and United Kingdom ($210k).

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Spices. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$11.2M
IMPORTS (2022)$30.7M
NET TRADE (2022)-$19.4M

In 2022, Australia exported $11.2M in Spices. The main destinations of Australia exports on Spices were Netherlands ($4.07M), United States ($2.01M), New Zealand ($1.58M), Singapore ($1.13M), and Malaysia ($336k).

In 2022, Australia imported $30.7M in Spices, mainly from India ($13.1M), Iran ($1.65M), China ($1.65M), Turkey ($1.57M), and Fiji ($1.57M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Spices EXPORT MARKETS FOR Australia WERE (2021 - 2022):
Netherlands$1.33M (48.4%)
United States$775k (62.8%)
Fiji$230k (576%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spices BY Australia WERE (2021 - 2022):
New Zealand-$643k (-28.9%)
Malaysia-$307k (-47.7%)
Germany-$189k (-82.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Australia's main exporting competitors in Spices were:
In 2022, Australia's main importing competitors in Spices were:

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Trade Value of Spices by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $738k
TOP IMPORT POTENTIALChina+ $1.43M

Spices’s highest export potential is United States. With an export gap of $738k.   Spices’s highest import potential is China with an import gap of $1.43M.

See methodology.

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