India exports spices from times ancient and is the largest producer, consumer and exporter of spices in the world. This study is contemplated during the two time periods viz., Pre NHM (1993-94 to 2004-05) and Post NHM (2005-06 to 2017-18). The overall trend in spices export in quantity was found to be lower in the Period I than in Period II and Period III. It implies that a lower growth rate in quantity (4.75%) of spices were being exported during Period-I, which increased in quantity (9.57%) of spices during PeriodII. Highly stable market for spices and its products during Period I were oils & oleoresins and curry powder, in Period II chilli (quantity), mint products (quantity), oils & oleoresins (value) and curry powder (quantity and value). No commodity showed low instability during Period III. (1993-94 to 2017-2018).