2022
Exports
$538MWorld Rnk 1 / 194
Flag Rnk 156 / 1212
2022
PRODUCT COMPLEXITY IN Spices
-1.63Rnk 964 / 1025
2022
Imports
$82.8MWorld Rnk 11 / 223
Flag Rnk 508 / 1206
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $538M in Spices, making it the 1st largest exporter of Spices in the world. At the same year, Spices was the 156th most exported product in India. The main destination of Spices exports from India are: United States ($65.2M), Bangladesh ($47.7M), United Arab Emirates ($46.8M), Morocco ($28.5M), and Germany ($26.2M).

The fastest growing export markets for Spices of India between 2021 and 2022 were Kuwait ($6.61M), Iran ($4.53M), and Algeria ($1.92M).

Imports In 2022, India imported $82.8M in Spices, becoming the 11th largest importer of Spices in the world. At the same year, Spices was the 508th most imported product in India. India imports Spices primarily from: Nigeria ($18.7M), Afghanistan ($12.5M), Indonesia ($8.92M), Vietnam ($8.19M), and Nepal ($6.9M).

The fastest growing import markets in Spices for India between 2021 and 2022 were Nigeria ($3.77M), Nepal ($3.56M), and Burma ($1.88M).

COMPANIES In 2023, leading companies such as Walmart (6), IKEA Group (5), and Givaudan Fragrances (5) were at the forefront of shipping Spices from India to the United States.

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)$538M
IMPORTS (2022)$82.8M
NET TRADE (2022)$456M

In 2022, India exported $538M in Spices. The main destinations of India exports on Spices were United States ($65.2M), Bangladesh ($47.7M), United Arab Emirates ($46.8M), Morocco ($28.5M), and Germany ($26.2M).

In 2022, India imported $82.8M in Spices, mainly from Nigeria ($18.7M), Afghanistan ($12.5M), Indonesia ($8.92M), Vietnam ($8.19M), and Nepal ($6.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Spices EXPORT MARKETS FOR India WERE (2021 - 2022):
Kuwait$6.61M (106%)
Iran$4.53M (62.7%)
Algeria$1.92M (49%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spices BY India WERE (2021 - 2022):
Bangladesh-$27.9M (-37%)
United States-$18.8M (-22.3%)
Morocco-$4.89M (-14.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Spices were:
In 2022, India'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 POTENTIALChina+ $18.6M
TOP IMPORT POTENTIALIran+ $2.92M

Spices’s highest export potential is China. With an export gap of $18.6M.   Spices’s highest import potential is Iran with an import gap of $2.92M.

See methodology.

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