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2022
Exports $1.78MWorld Rnk 29 / 139
Flag Rnk 888 / 1198
2022
Destination $308k South Korea
2021 - 2022
FASTEST GROWING MARKET $308kSingapore
2022
PRODUCT COMPLEXITY IN Nutmeg, mace and cardamons-1.93Rnk 992 / 1025
2022
Imports $6.11MWorld Rnk 35 / 208
Flag Rnk 914 / 1203
2022
Origin $21.4k India
2021 - 2022
FASTEST GROWING ORIGIN $21.4kThailand
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $1.78M 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 888th most exported product in Malaysia. The main destination of Nutmeg, mace and cardamons exports from Malaysia are: South Korea ($532k), Singapore ($368k), Thailand ($364k), New Zealand ($217k), and Hong Kong ($98.3k).

The fastest growing export markets for Nutmeg, mace and cardamons of Malaysia between 2021 and 2022 were Singapore ($308k), Indonesia ($93.7k), and South Korea ($53.8k).

Imports In 2022, Malaysia imported $6.11M in Nutmeg, mace and cardamons, becoming the 35th largest importer of Nutmeg, mace and cardamons in the world. At the same year, Nutmeg, mace and cardamons was the 914th most imported product in Malaysia. Malaysia imports Nutmeg, mace and cardamons primarily from: India ($3M), Guatemala ($1.77M), Indonesia ($979k), Singapore ($94.1k), and United Arab Emirates ($86.6k).

The fastest growing import markets in Nutmeg, mace and cardamons for Malaysia between 2021 and 2022 were Thailand ($21.4k), Sri Lanka ($17.3k), and Jordan ($8.83k).

Latest Trends

October 2024

About

Overview In October 2024 Malaysia's Nutmeg, mace and cardamons exports accounted up to MYR653k and imports accounted up to MYR2.26M, resulting in a negative trade balance of MYR1.61M. Between October 2023 and October 2024 the exports of Malaysia's   Nutmeg, mace and cardamons have decreased by MYR-260k (-28.5%) from MYR914k to MYR653k, while imports increased by MYR456k (25.2%) from MYR1.81M to MYR2.26M.

Destinations In October 2024, Nutmeg, mace and cardamons were exported mostly to South Korea (MYR431k), Singapore (MYR205k), Thailand (MYR14.3k), Indonesia (MYR1.9k), and Uganda (MYR1.17k), and were imported mostly from India (MYR1.7M), Indonesia (MYR492k), Singapore (MYR44.1k), China (MYR18.4k), and Australia (MYR2.08k).

Growth In October 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 October 2024, the increase in Nutmeg, mace and cardamons's year-by-year imports was explained primarily by an increase in imports from Indonesia (MYR138k or 20.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)MYR-260k(-28.5%)
IMPORT GROWTH (October 2023 - October 2024)MYR456k(25.2%)
MAIN DESTINATION (October 2024)South KoreaMYR431k

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 (2022)$1.78M
IMPORTS (2022)$6.11M
NET TRADE (2022)-$4.33M

In 2022, Malaysia exported $1.78M in Nutmeg, mace and cardamons. The main destinations of Malaysia exports on Nutmeg, mace and cardamons were South Korea ($532k), Singapore ($368k), Thailand ($364k), New Zealand ($217k), and Hong Kong ($98.3k).

In 2022, Malaysia imported $6.11M in Nutmeg, mace and cardamons, mainly from India ($3M), Guatemala ($1.77M), Indonesia ($979k), Singapore ($94.1k), and United Arab Emirates ($86.6k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Nutmeg, mace and cardamons EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Singapore$308k (512%)
Indonesia$93.7k (669k%)
South Korea$53.8k (11.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nutmeg, mace and cardamons BY Malaysia WERE (2021 - 2022):
New Zealand-$107k (-32.9%)
Chinese Taipei-$97.9k (-65%)
Thailand-$23.6k (-6.08%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Nutmeg, mace and cardamons were:
Guatemala $430M
Indonesia $272M
India $194M
In 2022, Malaysia's main importing competitors in Nutmeg, mace and cardamons were:
United Arab Emirates $145M
Saudi Arabia $137M
China $110M

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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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