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2022
Exports $37MWorld Rnk 16 / 194
Flag Rnk 612 / 1216
2022
Destination $10.1M Nigeria
2021 - 2022
FASTEST GROWING MARKET $10.1MNigeria
2022
PRODUCT COMPLEXITY IN Spices-1.63Rnk 964 / 1025
2022
Imports $128MWorld Rnk 6 / 223
Flag Rnk 542 / 1214
2022
Origin $1.33M China
2021 - 2022
FASTEST GROWING ORIGIN $1.33MEgypt
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $37M in Spices, making it the 16th largest exporter of Spices in the world. At the same year, Spices was the 612th most exported product in United Kingdom. The main destination of Spices exports from United Kingdom are: Nigeria ($11.3M), United States ($7.73M), Ireland ($4.15M), Netherlands ($3.3M), and France ($1.07M).

The fastest growing export markets for Spices of United Kingdom between 2021 and 2022 were Nigeria ($10.1M), United States ($454k), and Kuwait ($366k).

Imports In 2022, United Kingdom imported $128M in Spices, becoming the 6th largest importer of Spices in the world. At the same year, Spices was the 542nd most imported product in United Kingdom. United Kingdom imports Spices primarily from: China ($28.2M), India ($22.8M), Pakistan ($10M), Spain ($7.9M), and Netherlands ($7.35M).

The fastest growing import markets in Spices for United Kingdom between 2021 and 2022 were Egypt ($1.33M), Spain ($1.25M), and United Arab Emirates ($777k).

COMPANIES In 2023, leading companies such as Givaudan Fragrances (2), Amazon (1), and ASOS (1) were at the forefront of shipping Spices from United Kingdom to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United Kingdom's Spices exports accounted up to £1.75M and imports accounted up to £8.5M, resulting in a negative trade balance of £6.75M. Between August 2023 and August 2024 the exports of United Kingdom's   Spices have increased by £378k (27.6%) from £1.37M to £1.75M, while imports decreased by £-1.84M (-17.8%) from £10.3M to £8.5M.

Destinations In August 2024, Spices were exported mostly to Netherlands (£610k), Ireland (£353k), United States (£159k), Australia (£107k), and United Arab Emirates (£76.2k), and were imported mostly from China (£2.4M), India (£1.21M), Brazil (£603k), Netherlands (£493k), and France (£420k).

Growth In August 2024, the increase in Spices's year-by-year exports was explained primarily by an increase in exports to United States (£269k or 96.2%), Netherlands (£98.4k or 260%), and Ireland (£86.5k or 35.4%). In August 2024, the decrease in Spices's year-by-year imports was explained primarily by a decrease in imports from China (£-697k or -37.7%), Pakistan (£-331k or -48.5%), and Vietnam (£-285k or -96.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)£378k(27.6%)
IMPORT GROWTH (August 2023 - August 2024)£-1.84M(-17.8%)
MAIN EXPORTER (August 2024)London Gateway£517k
MAIN DESTINATION (August 2024)Netherlands£610k

This section shows Spices's exports and imports data at subnational level for United Kingdom. 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 Spices over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$37M
IMPORTS (2022)$128M
NET TRADE (2022)-$91.2M

In 2022, United Kingdom exported $37M in Spices. The main destinations of United Kingdom exports on Spices were Nigeria ($11.3M), United States ($7.73M), Ireland ($4.15M), Netherlands ($3.3M), and France ($1.07M).

In 2022, United Kingdom imported $128M in Spices, mainly from China ($28.2M), India ($22.8M), Pakistan ($10M), Spain ($7.9M), and Netherlands ($7.35M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Spices EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Nigeria$10.1M (865%)
United States$454k (6.23%)
Kuwait$366k (109%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spices BY United Kingdom WERE (2021 - 2022):
Netherlands-$2.58M (-43.9%)
Ireland-$1.12M (-21.3%)
Norway-$681k (-89.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Spices were:
India $538M
China $518M
Netherlands $203M
In 2022, United Kingdom's main importing competitors in Spices were:
United States $364M
Germany $211M
Netherlands $167M

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Trade Value of Spices by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.19M
TOP IMPORT POTENTIALIndia+ $4.84M

Spices’s highest export potential is United States. With an export gap of $1.19M.   Spices’s highest import potential is India with an import gap of $4.84M.

See methodology.

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