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Medicinal and aromatic plants: top exporters and importers (2024)

In 2024, world trade in medicinal and aromatic plants totaled $4.6 billion (1.1 million tonnes). The top exporters were China (20%), India (12%) and Canada (8%); the top importers were the United States (12%), Germany (11%) and China (7%). Compared with 2019, the value rose 41%.

Summary

World trade
$4.6billion
Tonnes
1.1million tonnes
Price per tonne
$4,269
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. China$935 million · 20.2%
  2. India$573 million · 12.4%
  3. Canada$359 million · 7.7%
  4. Germany$200 million · 4.3%
  5. United States$146 million · 3.2%
  6. Nigeria$130 million · 2.8%
  7. Vietnam$129 million · 2.8%
  8. Egypt$128 million · 2.8%
  9. Indonesia$104 million · 2.2%
  10. Poland$103 million · 2.2%
  11. South Korea$91 million · 2%
  12. Spain$85 million · 1.8%
  13. Mexico$81 million · 1.8%
  14. France$74 million · 1.6%
  15. Morocco$64 million · 1.4%
  16. Turkey$60 million · 1.3%
  17. South Africa$59 million · 1.3%
  18. Albania$57 million · 1.2%
  19. Netherlands$53 million · 1.1%
    re-exports
  20. Kenya$49 million · 1.1%

Top importers

  1. United States$554 million · 11.9%
  2. Germany$497 million · 10.7%
  3. China$344 million · 7.4%
  4. Japan$329 million · 7.1%
  5. Australia$185 million · 4%
  6. Taiwan$168 million · 3.6%
  7. Hong Kong$160 million · 3.5%
    re-exports
  8. France$144 million · 3.1%
  9. India$126 million · 2.7%
  10. United Kingdom$124 million · 2.7%
  11. South Korea$123 million · 2.7%
  12. Italy$119 million · 2.6%
  13. Spain$110 million · 2.4%
  14. Mexico$102 million · 2.2%
  15. Vietnam$99 million · 2.1%
  16. Poland$98 million · 2.1%
  17. Netherlands$86 million · 1.9%
    re-exports
  18. Canada$82 million · 1.8%
  19. Saudi Arabia$75 million · 1.6%
  20. Czechia$66 million · 1.4%

Trend

Who sells it

China was the top exporter throughout the period

Value in USD millions. The five largest exporters in 2024.

  • China 935
  • India 573
  • Canada 359
  • Germany 200
  • United States 146

Source: CEPII BACI

Show the numbers
Country19952024
China456935
India80.7573
Canada59.7359
Germany67.3200
United States174146

Price

Implied price

The price per tonne rose 46% since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $4,269

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$2,922
1996$2,718
1997$2,575
1998$2,845
1999$2,607
2000$2,582
2001$2,392
2002$2,506
2003$2,532
2004$2,748
2005$2,727
2006$2,865
2007$3,207
2008$3,395
2009$3,428
2010$3,568
2011$4,186
2012$4,408
2013$4,018
2014$4,601
2015$4,466
2016$4,608
2017$4,714
2018$4,377
2019$4,123
2020$4,543
2021$4,680
2022$4,497
2023$4,512
2024$4,269

What it includes

  • 1211 · Medicinal and aromatic plants

Products in the same chapter

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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