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Nutmeg, mace and cardamoms

0908 (Harmonized System 1992 for 4-digit)

2023
World Trade $1.09BRnk 912 / 1217
2023
Top Exporter | Top Importer $387M | $140MGuatemala | Saudi Arabia
2023
Product Complexity -2.15Rnk 1019 / 1044
2022 - 2023
Export Growth (CAGR) -12.2%Rnk 815 / 1217
2023
Share of World Trade 0.0048%Rnk 912 / 1217

About

Overview This page contains the latest trade data of Nutmeg, mace and cardamons. In 2023, Nutmeg, mace and cardamons were the world's 912th most traded product, with a total trade of $1.09B. Between 2022 and 2023 the exports of Nutmeg, mace and cardamons decreased by -12.2%, from $1.24B to $1.09B. Trade in Nutmeg, mace and cardamons represent 0.0048% of total world trade.

Nutmeg, mace and cardamons are a part of Coffee, tea, mate & spices. They include Cardamoms, Nutmeg, and Mace.

Exports In 2023 the top exporters of Nutmeg, mace and cardamons  were Guatemala ($387M), Indonesia ($263M), India ($127M), United Arab Emirates ($71.1M), and Nepal ($66.6M).

Imports In 2023 the top importers of Nutmeg, mace and cardamons were Saudi Arabia ($140M), United Arab Emirates ($134M), India ($125M), China ($115M), and Bangladesh ($38.7M).

Ranking Nutmeg, mace and cardamons ranks 1019th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Nutmeg, mace and cardamons. Countries are shown based on data availability.

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

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Guatemala$387M
Top Destination (2023)Saudi Arabia$140M

In 2023 Nutmeg, mace and cardamons were the world's 912th most traded product (out of 1,217).

In 2023, the top exporters of Nutmeg, mace and cardamons were Guatemala ($387M), Indonesia ($263M), India ($127M), United Arab Emirates ($71.1M), and Nepal ($66.6M).

In 2023, the top importers of Nutmeg, mace and cardamons were Saudi Arabia ($140M), United Arab Emirates ($134M), India ($125M), China ($115M), and Bangladesh ($38.7M).

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Exporters of Nutmeg, mace and cardamons (2023)
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Importers of Nutmeg, mace and cardamons (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Nepal$18.8M
Top Destination Growth (2022 -  2023)India$29M

Between 2022 and 2023, the exports of Nutmeg, mace and cardamons grew the fastest in Nepal ($18.8M), Saudi Arabia ($10.7M), Turkey ($4.15M), Sri Lanka ($3.34M), and Singapore ($2.34M).

Between 2022 and 2023, the fastest growing importers of Nutmeg, mace and cardamons were India ($29M), Yemen ($8.68M), Nepal ($5.4M), Saudi Arabia ($4.05M), and Turkey ($2.79M).

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Exporters of Nutmeg, mace and cardamons (2022 - 2023)

Importers of Nutmeg, mace and cardamons (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Nutmeg, mace and cardamons.

In 2023, market concentration measured using Shannon Entropy, was 3.03. This means that most of the exports of Nutmeg, mace and cardamons are explained by 8 countries.

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Value of Exports in Nutmeg, mace and cardamons

Net Trade

TOP NET EXPORTER (2023)Guatemala$384M
TOP NET IMPORTER (2023)Saudi Arabia$119M

This map shows which countries export or import more of Nutmeg, mace and cardamons. Each country is colored based on the difference in exports and imports of Nutmeg, mace and cardamons during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Nutmeg, mace and cardamons were Guatemala ($384M), Indonesia ($261M), Nepal ($55.6M), Sri Lanka ($22.4M), and Grenada ($7.43M).

In 2023, the countries that had a largest trade value in imports than in exports of Nutmeg, mace and cardamons were Saudi Arabia ($119M), China ($111M), United Arab Emirates ($62.7M), Bangladesh ($38.7M), and Jordan ($36.4M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Nutmeg, mace and cardamons, disaggragated by their HS6 level were Cardamoms ($761M), Nutmeg ($238M), and Mace ($88.6M)

HS6 Disaggregation for Nutmeg, mace and cardamons (2023)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Nutmeg, mace and cardamons.
It is possible to select the main countries that export or import Nutmeg, mace and cardamons in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Nutmeg, mace and cardamons by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $3.59M
TOP IMPORT POTENTIALIndia+ $96.7k

Nutmeg, mace and cardamons’s highest export potential is United States. With an export gap of $3.59M.  Nutmeg, mace and cardamons’s highest import potential is India with an import gap of $96.7k.

See methodology.

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Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

Country by Relatedness

The following visualization shows the relatedness of Nutmeg, mace and cardamons to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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