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2023
Exports $237kWorld Rnk 32 / 131
Flag Rnk 1068 / 1208
2023
Destination $24.2k Australia
2022 - 2023
FASTEST GROWING MARKET $24.2kSouth Korea
2023
Imports $4.34MWorld Rnk 18 / 205
Flag Rnk 931 / 1211
2023
Origin $42.7k Madagascar
2022 - 2023
FASTEST GROWING ORIGIN $42.7kTanzania
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $237k in Cloves, making it the 32nd largest exporter of Cloves in the world. At the same year, Cloves was the 1068th most exported product in Malaysia. The main destination of Cloves exports from Malaysia are: Australia ($62.8k), New Zealand ($52.3k), Singapore ($27.6k), Hong Kong ($27.3k), and South Korea ($24.8k).

The fastest growing export markets for Cloves of Malaysia between 2022 and 2023 were South Korea ($24.2k), Australia ($9.9k), and Philippines ($8.35k).

Imports In 2023, Malaysia imported $4.34M in Cloves, becoming the 18th largest importer of Cloves in the world. At the same year, Cloves was the 931st most imported product in Malaysia. Malaysia imports Cloves primarily from: Madagascar ($1.57M), Indonesia ($1.38M), Singapore ($1.07M), India ($187k), and Tanzania ($42.7k).

The fastest growing import markets in Cloves for Malaysia between 2022 and 2023 were Tanzania ($42.7k), Sri Lanka ($31.9k), and India ($14.7k).

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Cloves exports accounted up to MYR88.2k and imports accounted up to MYR1.23M, resulting in a negative trade balance of MYR1.15M. Between November 2023 and November 2024 the exports of Malaysia's   Cloves have decreased by MYR-335k (-79.1%) from MYR423k to MYR88.2k, while imports increased by MYR586k (90.4%) from MYR648k to MYR1.23M.

Destinations In November 2024, Cloves were exported mostly to New Zealand (MYR40k), Australia (MYR27.3k), Singapore (MYR12.3k), Brunei (MYR6.61k), and Thailand (MYR1.55k), and were imported mostly from Indonesia (MYR1.01M), Singapore (MYR104k), India (MYR94.4k), China (MYR20.2k), and Italy (MYR709).

Growth In November 2024, the decrease in Cloves's year-by-year exports was explained primarily by a decrease in exports to Singapore (MYR-1.79k or -31.9%). In November 2024, the increase in Cloves's year-by-year imports was explained primarily by an increase in imports from Singapore (MYR91.4k or 25.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)MYR-335k(-79.1%)
IMPORT GROWTH (November 2023 - November 2024)MYR586k(90.4%)
MAIN DESTINATION (November 2024)New ZealandMYR40k

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 (2023)$237k
IMPORTS (2023)$4.34M
NET TRADE (2023)-$4.1M

In 2023, Malaysia exported $237k in Cloves. The main destinations of Malaysia exports on Cloves were Australia ($62.8k), New Zealand ($52.3k), Singapore ($27.6k), Hong Kong ($27.3k), and South Korea ($24.8k).

In 2023, Malaysia imported $4.34M in Cloves, mainly from Madagascar ($1.57M), Indonesia ($1.38M), Singapore ($1.07M), India ($187k), and Tanzania ($42.7k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cloves EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
South Korea$24.2k (4.02k%)
Australia$9.9k (18.7%)
Philippines$8.35k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cloves BY Malaysia WERE (2022 - 2023):
Singapore-$42.8k (-60.8%)
New Zealand-$28.3k (-35.1%)
Chinese Taipei-$16.2k (-87.3%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Cloves were:
Madagascar $339M
Indonesia $95M
Comoros $65.6M
In 2023, Malaysia's main importing competitors in Cloves were:
Indonesia $199M
India $141M
Singapore $51.1M

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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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