08 Aug The Trade Value of Cloves in Comoros
Comoros is an independent country located in Southern Africa. The Comoros archipelago comprises four islands off the coast of East Africa with a population of around 800,000. Although the primary hotspot for biodiversity, it is still one of the poorest countries in the world. About 70-80% of Comorians are small-scale farmers dependent on rain-fed crops for subsistence.
The chief agricultural export product was sugar, but now cloves, vanilla, essential oils, and maize are gaining importance. Crops like cloves are impacting the trade patterns in the country. Here is a full breakdown of the trade values and trends.
1) Exports
Comoros became the 5th largest exporter of cloves in the world when it exported $21.3 M in 2020. The same year, cloves became the first exported product in Comoros. Comoros exports cloves to several countries in the world, including India with $15.1 M, Netherlands $1.67M), United Arab Emirates ($1.11M), Germany ($578k), and Greece ($322k). The fastest growing export markets for cloves in Comoros between 2019 and 2020 were the Netherlands ($721k), Peru ($146k), and France ($107k).
2) Imports
Similarly, Comoros became the 112nd largest importer of cloves globally when they imported $70.2K of cloves. Within that same year, cloves in Comoros became the 320th most imported product. This independent country also imports cloves primarily from the United Arab Emirates with $70.2K.
3) Tariffs
The average tariff for Comoros in Cloves was 18.9% in 2019. The countries with the highest import tariffs for cloves were Angola, Benin, Burkina Faso, Botswana, and the Central African Republic. All these African countries were the most favoured nations with a duty rate treatment of 20%.
To avail premium quality Comoros Cloves, you can contact Comoros cloves suppliers. Sun Impex, a leading brand in the Agro products industry, procures the best quality cloves from Comoros.
The Comoros Cloves by Sun Impex have a moisture content of 12% with 1% stems and are sold in the standard packing of 50 kg jute bags.
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