India is the world's largest producer, consumer and exporter of spices; the country produces about 75 of the 109 varieties listed by the International Organization for Standardization (ISO) and accounts for half of the global trading in spices.
India commands a formidable position in the world spice trade with the spice exports expected to touch US$3 billion by 2016-17 India's spice market grew an average 8.8 per cent annually between 2009–10 and 2015.
About 893,920 tonnes of spices, valued at US$ 2,440.8 million, were exported in 2015. In 2014–15, the US was the major importer, followed by China, Vietnam, the UAE, Malaysia, the UK, Germany, Saudi Arabia ,Thailand and Sri Lanka.
Spice exports to the US increased 4.3 per cent to US$ 410.3 million in 2015 from US$ 393.3 million in 2014.