Spice exports from India have experienced a decline in quantity, down by 9% from April 2022 to February 2023, the financial year 2022-23. However, there has been a slight increase of 5% in value, as per the data released by the Spices Board.
In terms of financials, the country has earned $3,874.39 million from spice exports during the first eleven months of the financial year 2022-23. A total of 12,57,615 tonnes of spices were exported during this period, compared to 13,84,209 tonnes the previous year, resulting in a 9% decrease in quantity. However, the value of exports increased marginally by 5%.
| Spice | Export Quantity (Apr-Feb, 2022-23) | Export Quantity (Last Financial Year) | % Change (Quantity) | Export Income (Apr-Feb, 2022-23) | Export Income (Last Financial Year) | % Change (Income) |
| Garlic | 54,528 tonnes | 19,719 tonnes | +177% | $31.92 million | $ 23.61 million | +35% |
| Large Cardamom | 1,811 tonnes | 1,538 tonnes | +18% | $18.27 million | $ 16.99 million | +7% |
| Turmeric | 1,51,298 tonnes | 1,37,017 tonnes | +10% | $209.69 million | $ 189.47 million | +10% |
| Fenugreek | 32,882 tonnes | 29,778 tonnes | +10% | $34.83 million | $ 33.67 million | +3% |
| Dry Ginger | 47,095 tonnes | 1,37,339 tonnes | -66% | $49.53 million | $ 106.65 million | -50% |
| Fennel | 20,161 tonnes | 38,574 tonnes | -48% | $38.47 million | $ 54.64 million | -24% |
| Carom Seeds | 4,797 tonnes | 7,149 tonnes | -33% | $10.06 million | $ 13.08 million | -25% |
| Black Pepper | -16% | – | -16% | – | – | – |
| Small Cardamom | -25% | – | -25% | – | – | – |
| Red Pepper | -9% | – | -9% | – | – | – |
| Coriander | -7% | – | -7% | – | – | – |
| Cumin | -17% | – | -17% | – | – | – |
| Tamarind | -11% | – | -11% | – | – | – |
Garlic exports increased by 177%
In the April-February period of 2022-23, garlic exports increased by 177% in quantity and 35% in income. Large cardamom exports rose by 18% in quantity and 7% in income. Turmeric exports grew by 10% in both quantity and income. However, there was a significant decline in the export of dry ginger, fennel, and carom seeds. Black pepper, small cardamom, red pepper, coriander, cumin, and tamarind also experienced a decrease in export quantity due to high prices.
Import/Export Statistics
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