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090820 (Harmonized System 1992 for 6-digit)

2023
World Trade $88.6MRnk 4110 / 4644
2023
Top Exporter | Top Importer $64.3M | $37.1MIndonesia | India
2023
Product Complexity -1.56Rnk 4314 / 4656
2022 - 2023
Export Growth (CAGR) 0.73%Rnk 1470 / 4644
2023
Share of World Trade 0.00039%Rnk 4110 / 4644

About

Overview This page contains the latest trade data of Mace. In 2023, Mace were the world's 4110th most traded product, with a total trade of $88.6M. Between 2022 and 2023 the exports of Mace grew by 0.73%, from $88M to $88.6M. Trade in Mace represent 0.00039% of total world trade.

Mace are a part of Nutmeg, mace and cardamons.

Exports In 2023 the top exporters of Mace  were Indonesia ($64.3M), Sri Lanka ($6.56M), Netherlands ($4.83M), Vietnam ($3.41M), and India ($2.11M).

Imports In 2023 the top importers of Mace were India ($37.1M), Germany ($9.82M), Netherlands ($6.85M), Bangladesh ($4.64M), and United States ($3.61M).

Ranking Mace ranks 4314th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Mace. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Indonesia$64.3M
Top Destination (2023)India$37.1M

In 2023 Mace were the world's 4110th most traded product (out of 4,644).

In 2023, the top exporters of Mace were Indonesia ($64.3M), Sri Lanka ($6.56M), Netherlands ($4.83M), Vietnam ($3.41M), and India ($2.11M).

In 2023, the top importers of Mace were India ($37.1M), Germany ($9.82M), Netherlands ($6.85M), Bangladesh ($4.64M), and United States ($3.61M).

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Exporters of Mace (2023)
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Importers of Mace (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Netherlands$1.14M
Top Destination Growth (2022 -  2023)India$5.17M

Between 2022 and 2023, the exports of Mace grew the fastest in Netherlands ($1.14M), Sri Lanka ($791k), Vietnam ($258k), Belgium ($245k), and United Kingdom ($184k).

Between 2022 and 2023, the fastest growing importers of Mace were India ($5.17M), Bangladesh ($1.46M), United Kingdom ($598k), Iran ($390k), and South Africa ($333k).

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Exporters of Mace (2022 - 2023)

Importers of Mace (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Mace.

In 2023, market concentration measured using Shannon Entropy, was 1.78. This means that most of the exports of Mace are explained by 3 countries.

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Value of Exports in Mace

Net Trade

TOP NET EXPORTER (2023)Indonesia$64.2M
TOP NET IMPORTER (2023)India$35M

This map shows which countries export or import more of Mace. Each country is colored based on the difference in exports and imports of Mace during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Mace were Indonesia ($64.2M), Sri Lanka ($6.56M), Vietnam ($844k), Grenada ($500k), and Tanzania ($103k).

In 2023, the countries that had a largest trade value in imports than in exports of Mace were India ($35M), Germany ($8.04M), Bangladesh ($4.64M), United States ($3.32M), and United Kingdom ($2.53M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Mace.
It is possible to select the main countries that export or import Mace in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Mace by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

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