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090820 (Harmonized System 1992 for 6-digit)

2022
World Trade $88.2MRnk 4164 / 4648
2022
Top Exporter | Top Importer $63.6M | $34MIndonesia | India
2022
Product Complexity -1.8Rnk 4453 / 4653
2021 - 2022
Export Growth (CAGR) -11.7%Rnk 4045 / 4648
2022
Share of World Trade 0.00037%Rnk 4164 / 4648

About

Overview This page contains the latest trade data of Mace. In 2022, Mace were the world's 4164th most traded product, with a total trade of $88.2M. Between 2021 and 2022 the exports of Mace decreased by -11.7%, from $100M to $88.2M. Trade in Mace represent 0.00037% of total world trade.

Mace are a part of Nutmeg, mace and cardamons.

Exports In 2022 the top exporters of Mace  were Indonesia ($63.6M), Sri Lanka ($5.9M), Netherlands ($5.01M), Vietnam ($3.59M), and Germany ($3.07M).

Imports In 2022 the top importers of Mace were India ($34M), Germany ($9.89M), Netherlands ($8.92M), United States ($4.09M), and Vietnam ($3.8M).

Ranking Mace ranks 4453rd in the Product Complexity Index (PCI).

Description -

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 (2022)Indonesia$63.6M
Top Destination (2022)India$34M

In 2022 Mace were the world's 4164th most traded product (out of 4,648).

In 2022, the top exporters of Mace were Indonesia ($63.6M), Sri Lanka ($5.9M), Netherlands ($5.01M), Vietnam ($3.59M), and Germany ($3.07M).

In 2022, the top importers of Mace were India ($34M), Germany ($9.89M), Netherlands ($8.92M), United States ($4.09M), and Vietnam ($3.8M).

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Exporters of Mace (2022)
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Importers of Mace (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Germany$1.38M
Top Destination Growth (2021 -  2022)Germany$1.65M

Between 2021 and 2022, the exports of Mace grew the fastest in Germany ($1.38M), Sri Lanka ($193k), Estonia ($116k), Belgium ($102k), and Latvia ($58.6k).

Between 2021 and 2022, the fastest growing importers of Mace were Germany ($1.65M), Indonesia ($485k), Canada ($336k), Vietnam ($305k), and Iran ($297k).

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Exporters of Mace (2021 - 2022)

Importers of Mace (2021 - 2022)

Market Concentration

Value

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

In 2022, 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 (2022)Indonesia$63.1M
TOP NET IMPORTER (2022)India$31.8M

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Mace were Indonesia ($63.1M), Sri Lanka ($5.84M), Grenada ($402k), Malaysia ($29k), and Costa Rica ($19.3k).

In 2022, the countries that had a largest trade value in imports than in exports of Mace were India ($31.8M), Germany ($6.82M), Netherlands ($3.9M), United States ($3.56M), and Bangladesh ($3.18M).

Net Trade (2022)

Country Comparison

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Measure
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 (2022)

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