Volume: 38 Issue: 1
International Trade in Essential Oils and Resinoids: A Case Study of Past 18 Years
Year: 2016, Page: 1-28, Doi: https://doi.org/10.62029/jmaps.v38i1.Tripathi
Received: Sept. 23, 2016 Accepted: Dec. 5, 2016 Published: Dec. 31, 2016
In the present study, we have analyzed international trade data of essential oils and resinoids (EORs) that belong to HS(ITC) 3301 heading for the period of 1996 to 2013. The trade data were retrieved from COMTRADE database, (UN Statistics Division, New York) and Export Import Data Bank (DGCI&S Kolkata, India). With growing demand of plant based products, trade in essential oils and resinoids (EORs) is also increasing worldwide, reaching to a level of total trade of US$ 7.7b (billion) in 2013 with annual growth rate of 6.9%.The present work gives detailed account of international trade pertaining to specific EORs based commodities, and shall be useful for scientific fraternity, industry and farmers in drawing policy for expanding global trade of these herbal commodities.
Keywords: Agribusiness, Essential oil, Export, Import, Resins, Trade
Customs Co-operation Council, The Harmonized Commodity Description and Coding System, Brussels, 1989.
Lubbea A, Verpoortea R. 2011. Cultivation of medicinal and aromatic plants for specialty industrial materials. Industrial Crops and Products, Volume 34, Issue 1, 785–801.
Puspa Sharma and Niraj Shrestha. Promoting exports of medicinal and aromatic plants (MAPs) and essential oils from Nepal. South Asia Watch on Trade, Economics and Environment (SAWTEE). Submitted to WTO/EIF Support Programme Deutsche Gesellschaft Internationale Zusammenarbeit (GIZ), GmbH 2011. International Trade in Essential Oils and Resinoids: A Case Study of Past 18 Years
© Central Institute of Medicinal and Aromatic Plants (CSIR-CIMAP), Lucknow (India)
Himanshu Tripathi, Ram Suresh, Sanjay Kumar, Feroz Khan. 2016. International Trade in Essential Oils and Resinoids: A Case Study of Past 18 Years. J Med Aromat Plant Sci 38: 1-28.
