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2023
Exports $1.32MWorld Rnk 29 / 141
Flag Rnk 923 / 1208
2023
Destination $171k South Korea
2022 - 2023
FASTEST GROWING MARKET $171kHong Kong
2023
PRODUCT COMPLEXITY IN Nutmeg, mace and cardamons-1.89Rnk 990 / 1025
2023
Imports $6.69MWorld Rnk 30 / 211
Flag Rnk 870 / 1211
2023
Origin $1.27M Guatemala
2022 - 2023
FASTEST GROWING ORIGIN $1.27MGuatemala
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $1.32M in Nutmeg, mace and cardamons, making it the 29th largest exporter of Nutmeg, mace and cardamons in the world. At the same year, Nutmeg, mace and cardamons was the 923rd most exported product in Malaysia. The main destination of Nutmeg, mace and cardamons exports from Malaysia are: South Korea ($398k), New Zealand ($296k), Hong Kong ($200k), Thailand ($193k), and Singapore ($106k).

The fastest growing export markets for Nutmeg, mace and cardamons of Malaysia between 2022 and 2023 were Hong Kong ($171k), New Zealand ($75.4k), and Netherlands ($53.1k).

Imports In 2023, Malaysia imported $6.69M in Nutmeg, mace and cardamons, becoming the 30th largest importer of Nutmeg, mace and cardamons in the world. At the same year, Nutmeg, mace and cardamons was the 870th most imported product in Malaysia. Malaysia imports Nutmeg, mace and cardamons primarily from: Guatemala ($3.17M), India ($2.05M), Indonesia ($990k), Singapore ($262k), and Sri Lanka ($69.2k).

The fastest growing import markets in Nutmeg, mace and cardamons for Malaysia between 2022 and 2023 were Guatemala ($1.27M), Singapore ($167k), and China ($11.1k).

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Nutmeg, mace and cardamons exports accounted up to MYR682k and imports accounted up to MYR1.77M, resulting in a negative trade balance of MYR1.09M. Between November 2023 and November 2024 the exports of Malaysia's   Nutmeg, mace and cardamons have decreased by MYR-170k (-20%) from MYR852k to MYR682k, while imports decreased by MYR-3.27M (-64.9%) from MYR5.04M to MYR1.77M.

Destinations In November 2024, Nutmeg, mace and cardamons were exported mostly to Thailand (MYR255k), South Korea (MYR194k), New Zealand (MYR143k), Singapore (MYR45.6k), and Australia (MYR24.1k), and were imported mostly from India (MYR896k), Indonesia (MYR593k), Sri Lanka (MYR184k), Singapore (MYR84.8k), and Vietnam (MYR4.98k).

Growth In November 2024, the decrease in Nutmeg, mace and cardamons's year-by-year exports was explained primarily by a decrease in exports to Thailand (MYR-205k or -75%) and Singapore (MYR-76.3k or -46.5%). In November 2024, the decrease in Nutmeg, mace and cardamons's year-by-year imports was explained primarily by a decrease in imports from India (MYR-50.8k or -9.88%), China (MYR-20k or -24.7%), and Australia (MYR-17.3k or -93.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)MYR-170k(-20%)
IMPORT GROWTH (November 2023 - November 2024)MYR-3.27M(-64.9%)
MAIN DESTINATION (November 2024)ThailandMYR255k

This section shows Nutmeg, mace and cardamons'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 Nutmeg, mace and cardamons over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.32M
IMPORTS (2023)$6.69M
NET TRADE (2023)-$5.37M

In 2023, Malaysia exported $1.32M in Nutmeg, mace and cardamons. The main destinations of Malaysia exports on Nutmeg, mace and cardamons were South Korea ($398k), New Zealand ($296k), Hong Kong ($200k), Thailand ($193k), and Singapore ($106k).

In 2023, Malaysia imported $6.69M in Nutmeg, mace and cardamons, mainly from Guatemala ($3.17M), India ($2.05M), Indonesia ($990k), Singapore ($262k), and Sri Lanka ($69.2k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Nutmeg, mace and cardamons EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
Hong Kong$171k (602%)
New Zealand$75.4k (34.1%)
Netherlands$53.1k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nutmeg, mace and cardamons BY Malaysia WERE (2022 - 2023):
Thailand-$111k (-36.4%)
Indonesia-$93.7k (-100%)
South Korea-$66.6k (-14.3%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Nutmeg, mace and cardamons were:
Guatemala $387M
Indonesia $263M
India $127M
In 2023, Malaysia's main importing competitors in Nutmeg, mace and cardamons were:
Saudi Arabia $140M
United Arab Emirates $134M
India $125M

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Trade Value of Nutmeg, mace and cardamons by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSingapore+ $64.5k
TOP IMPORT POTENTIALIndonesia+ $1.02M

Nutmeg, mace and cardamons’s highest export potential is Singapore. With an export gap of $64.5k.   Nutmeg, mace and cardamons’s highest import potential is Indonesia with an import gap of $1.02M.

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