Spices Board’s Trade Information Services (TIS) department compiles export data of spices from various sources including exporters’ returns submitted to Spices Board, DGCI&S Kolkata and DLE from Customs. Major export trends have been highlighted here to equip the spices exporters and other stakeholders with an understanding of the emerging arenas, shifts in trade and prospective business areas.
Despite the COVID-19 Pandemic, export of spices from India continued its upward trend during 2020-21 and crossed the 3.5 billion US $ mark. Estimated export of spices/ spice products from the country during 2020-21 is 15,65,000 tons valued Rs.27193.20 crores (US $3624.76 million) against the 12,08,400 tons valued Rs.22062.80 crores (US $3110.63 million) of the previous financial year. Export of spices attained an all-time record in terms of both volume and value in the year registering an increase of 30% in volume, 23% in rupee terms and 17% in dollar terms of value compared to the previous year.