Since ancient times, the quality of Indian spices has been world-famous. Even in the modern world, India is the largest producer and exporter of spices. The International Standard Organization depicts that India produces seventy-five out of a hundred and nine spices produced all over the world. 

The Import Export Code (IEC) is required to start the export business from India.  

Spice Export Record As Per FY 2020-21

No matter, whatever the effect of COVID-19 all around the world, the export amount of Indian spices is always at the peak point. The spice export record for FY 2020-21 says India has exported $ 3.5 billion of spices all over the planet.

The FY 2020-21 data reveals that spice export has increased by both value (23% in rupees) and volume (30%). In dollar terms also, the value has increased by 17% in comparison to FY 2019-20. 

You have to register from the Directorate General of Foreign Trade, Ministry of Commerce and Industry for obtaining the DGFT IEC code.

The Top 10 Spices Exported From India

Have a look at the top ten spices exported in recent years.
 

1. Cardamom (Large): India is one of the largest exporters of Cardamom (Large). USA, UK, UAE, and Pakistan are the largest importers of Cardamom (Large) from India.
    
2. Cardamom (Small): When you speak about Cardamom (Small) then India is recognised as the World's largest exporter and importer. USA, Japan, UAE, Kuwait, and Saudi Arabia are the premium importer of Indian spice which is Cardamom (Small).
    
3. Turmeric: India is the world leader in Turmeric export. USA, UAE, Malaysia, Bangladesh, and Iran are the largest importer of Indian spice Turmeric. 
    
4. Spice Oil and Oleoresin: The fame of Indian Spice Oil and Oleoresin has spread worldwide. The importers of Indian Spice Oil and Oleoresin are the USA, UK, Germany, South Korea, and China.
    
5. Pepper: Pepper which is mostly grown in the Southern part of India, has helped India to be a leading exporter of spices. USA, UK, Japan, Germany, and Sweden are the largest importers of Indian spices.
    
6. Chilli: Chilli is one of the largest exported spices from India. The Indian category of chilli has a good number of importers from India. The countries are Vietnam, Malaysia, Thailand. The USA, and Sri Lanka. Here, the important point to be noted is that Vietnam and Thailand are the first two importers of Indian Chilli.
7. Cumin: The Indian number of Cumin has a large number of importers all over the world. USA, UK, UAE, Bangladesh, Vietnam are the largest importers of Indian Cumin. Vietnam, the USA, and Bangladesh are the first three buyers of the Indian category of Cumin Spices.  
    
8. Curry Powder Paste: The Curry Powder Paste is required for cooking the world-famous Indian style of curry. In producing and exporting curry powder paste, India holds the number one position. The USA is the largest exporter of Indian Curry Powder Paste. The other countries that are not also lagging are Saudi Arabia, UK, and Qatar.
    
9. Coriander: In the matter of production, consumption, and export of Coriander; India proudly holds the number one position. Malaysia, UK, the USA, and South Africa are the largest importer of Indian coriander.
    
10. Mint: Mint is another spice that is highly exported from India. Netherlands, Germany, France, the USA, and China are the primary buyers of Indian Mint. China, the USA, and the Netherlands are the largest three importers of the Indian Mint.

This is the list of the top 10 spices that are exported from India. Traders with the IEC code can start the spice export business from India.

How Online Legal India™ Can Assist You In Spice Export?

After reading the domain blog till now, you may have realised that the profit percentage of imported spices all over the world is very high. One point that has to be taken care of before starting the spice export business is that you need to register with MCA (Ministry of Corporate Affairs) first. You can start the spice exporting business after registering your firm as sole proprietorship registration.                                                                                 

Online Legal India™ has a team of IEC experts. The IEC experts can come to your help to fill the online IEC form with IEC code documents. For renewing, modifying, and updating the IEC certificate, you can also ask their help.

Conclusion

You have read in the introductory paragraph that the value of Indian spices is world-famous from ancient times. Even today, the entire world appreciates Indian turmeric. That is why turmeric has boosted the export of Indian spices by 19%. After filling the IEC code online, you can start the spice-export business in a hassle-free way. This is all about the top ten spices exported from India.