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Ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spices

0910 (Harmonized System 1992 for 4-digit)

2022
World Trade $3.12BRnk 672 / 1218
2022
Top Exporter | Top Importer $538M | $364MIndia | United States
2022
Product Complexity -1.57Rnk 965 / 1033
2021 - 2022
Export Growth (CAGR) -14.9%Rnk 1149 / 1218
2022
Share of World Trade 0.013%Rnk 672 / 1218

About

Overview This page contains the latest trade data of Spices. In 2022, Spices were the world's 672nd most traded product, with a total trade of $3.12B. Between 2021 and 2022 the exports of Spices decreased by -14.9%, from $3.67B to $3.12B. Trade in Spices represent 0.013% of total world trade.

Spices are a part of Coffee, tea, mate & spices. They include Ginger, Assorted Spices, Mixtures of spices, Saffron, Turmeric (curcuma), Thyme and bay leaves, and Curry.

Exports In 2022 the top exporters of Spices  were India ($538M), China ($518M), Netherlands ($203M), Spain ($134M), and Turkey ($124M).

Imports In 2022 the top importers of Spices were United States ($364M), Germany ($211M), Netherlands ($167M), United Arab Emirates ($144M), and Japan ($133M).

Ranking Spices ranks 965th in the Product Complexity Index (PCI).

Description -

Latest Trends

Latest Data

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The following visualization shows the latest trends on Spices. 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 (2022)India$538M
Top Destination (2022)United States$364M

In 2022 Spices were the world's 672nd most traded product (out of 1,218).

In 2022, the top exporters of Spices were India ($538M), China ($518M), Netherlands ($203M), Spain ($134M), and Turkey ($124M).

In 2022, the top importers of Spices were United States ($364M), Germany ($211M), Netherlands ($167M), United Arab Emirates ($144M), and Japan ($133M).

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Exporters of Spices (2022)
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Importers of Spices (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)United Arab Emirates$18.6M
Top Destination Growth (2021 -  2022)Kuwait$33.2M

Between 2021 and 2022, the exports of Spices grew the fastest in United Arab Emirates ($18.6M), Burma ($18.3M), Georgia ($7.65M), South Korea ($6.52M), and Pakistan ($5.74M).

Between 2021 and 2022, the fastest growing importers of Spices were Kuwait ($33.2M), Nigeria ($9.08M), Sudan ($6.9M), Spain ($5.75M), and Qatar ($2.32M).

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Exporters of Spices (2021 - 2022)

Importers of Spices (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Spices.

In 2022, market concentration measured using Shannon Entropy, was 4.77. This means that most of the exports of Spices are explained by 27 countries.

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Value of Exports in Spices

Net Trade

TOP NET EXPORTER (2022)India$456M
TOP NET IMPORTER (2022)United States$297M

This map shows which countries export or import more of Spices. Each country is colored based on the difference in exports and imports of Spices during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Spices were India ($456M), China ($427M), Iran ($106M), Turkey ($103M), and Peru ($75.3M).

In 2022, the countries that had a largest trade value in imports than in exports of Spices were United States ($297M), Japan ($120M), Saudi Arabia ($108M), United Kingdom ($91.2M), and Germany ($88M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Spices, disaggragated by their HS6 level were Ginger ($1.06B), Assorted Spices ($940M), Mixtures of spices ($532M), Turmeric (curcuma) ($354M), and Saffron ($243M)

HS6 Disaggregation for Spices (2022)
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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 Spices.
It is possible to select the main countries that export or import Spices in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Spices by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $7.86M
TOP IMPORT POTENTIALIndia+ $18.6M

Spices’s highest export potential is United States. With an export gap of $7.86M.  Spices’s highest import potential is India with an import gap of $18.6M.

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 (2022)

Related Products

This visualization shows products that are likely to be exported by countries that export Spices.

Country by Relatedness

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

Relative Relatedness by Country (2022)

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