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2022
Exports $396kWorld Rnk 29 / 131
Flag Rnk 1031 / 1198
2022
Destination $40.3k New Zealand
2021 - 2022
FASTEST GROWING MARKET $40.3kNew Zealand
2022
Imports $10.3MWorld Rnk 8 / 206
Flag Rnk 815 / 1203
2022
Origin $5.33M Madagascar
2021 - 2022
FASTEST GROWING ORIGIN $5.33MMadagascar
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $396k in Cloves, making it the 29th largest exporter of Cloves in the world. At the same year, Cloves was the 1031st most exported product in Malaysia. The main destination of Cloves exports from Malaysia are: New Zealand ($77.6k), Thailand ($75.8k), Chinese Taipei ($57.2k), Singapore ($57k), and Australia ($51k).

The fastest growing export markets for Cloves of Malaysia between 2021 and 2022 were New Zealand ($40.3k), Chinese Taipei ($23.9k), and Australia ($14.7k).

Imports In 2022, Malaysia imported $10.3M in Cloves, becoming the 8th largest importer of Cloves in the world. At the same year, Cloves was the 815th most imported product in Malaysia. Malaysia imports Cloves primarily from: Madagascar ($5.62M), Singapore ($2.94M), Indonesia ($1.23M), China ($220k), and India ($118k).

The fastest growing import markets in Cloves for Malaysia between 2021 and 2022 were Madagascar ($5.33M), Singapore ($1.64M), and Brazil ($44.4k).

Latest Trends

August 2024

About

Overview In August 2024 Malaysia's Cloves exports accounted up to MYR167k and imports accounted up to MYR914k, resulting in a negative trade balance of MYR747k. Between August 2023 and August 2024 the exports of Malaysia's   Cloves have increased by MYR35.5k (27%) from MYR131k to MYR167k, while imports decreased by MYR-1.47M (-61.6%) from MYR2.38M to MYR914k.

Destinations In August 2024, Cloves were exported mostly to Chinese Taipei (MYR79.6k), Australia (MYR56.4k), New Zealand (MYR21k), Singapore (MYR9.16k), and Brunei (MYR485), and were imported mostly from Indonesia (MYR484k), Singapore (MYR252k), India (MYR134k), Netherlands (MYR28.9k), and China (MYR15.1k).

Growth In August 2024, the increase in Cloves's year-by-year exports was explained primarily by an increase in exports to . In August 2024, the decrease in Cloves's year-by-year imports was explained primarily by a decrease in imports from Indonesia (MYR-422k or -55.9%) and Madagascar (MYR-15.9k or -3.93%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)MYR35.5k(27%)
IMPORT GROWTH (August 2023 - August 2024)MYR-1.47M(-61.6%)
MAIN DESTINATION (August 2024)Chinese TaipeiMYR79.6k

This section shows Cloves's exports and imports data at subnational level for Malaysia. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Cloves over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$396k
IMPORTS (2022)$10.3M
NET TRADE (2022)-$9.94M

In 2022, Malaysia exported $396k in Cloves. The main destinations of Malaysia exports on Cloves were New Zealand ($77.6k), Thailand ($75.8k), Chinese Taipei ($57.2k), Singapore ($57k), and Australia ($51k).

In 2022, Malaysia imported $10.3M in Cloves, mainly from Madagascar ($5.62M), Singapore ($2.94M), Indonesia ($1.23M), China ($220k), and India ($118k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cloves EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
New Zealand$40.3k (108%)
Chinese Taipei$23.9k (71.7%)
Australia$14.7k (40.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cloves BY Malaysia WERE (2021 - 2022):
Indonesia-$12.9M (-100%)
Turkey-$93.3k (-100%)
Kuwait-$87.5k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Cloves were:
Madagascar $309M
Indonesia $62.6M
Tanzania $43.8M
In 2022, Malaysia's main importing competitors in Cloves were:
Indonesia $143M
Singapore $109M
India $88.5M

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Trade Value of Cloves by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSingapore+ $71.2k
TOP IMPORT POTENTIALIndonesia+ $716k

Cloves’s highest export potential is Singapore. With an export gap of $71.2k.   Cloves’s highest import potential is Indonesia with an import gap of $716k.

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