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2023
Exports $1.96MWorld Rnk 41 / 156
Flag Rnk 877 / 1208
2023
Destination $188k Singapore
2022 - 2023
FASTEST GROWING MARKET $188kSingapore
2023
PRODUCT COMPLEXITY IN Spice Seeds-1.19Rnk 875 / 1025
2023
Imports $54.8MWorld Rnk 7 / 215
Flag Rnk 458 / 1211
2023
Origin $6.73M India
2022 - 2023
FASTEST GROWING ORIGIN $6.73MIndia
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $1.96M in Spice Seeds, making it the 41st largest exporter of Spice Seeds in the world. At the same year, Spice Seeds was the 877th most exported product in Malaysia. The main destination of Spice Seeds exports from Malaysia are: Singapore ($448k), Thailand ($438k), Australia ($402k), Japan ($353k), and Burma ($63.4k).

The fastest growing export markets for Spice Seeds of Malaysia between 2022 and 2023 were Singapore ($188k), South Korea ($32k), and Chinese Taipei ($25.6k).

Imports In 2023, Malaysia imported $54.8M in Spice Seeds, becoming the 7th largest importer of Spice Seeds in the world. At the same year, Spice Seeds was the 458th most imported product in Malaysia. Malaysia imports Spice Seeds primarily from: India ($43.5M), China ($5.81M), Egypt ($1.8M), Russia ($931k), and Bangladesh ($615k).

The fastest growing import markets in Spice Seeds for Malaysia between 2022 and 2023 were India ($6.73M), Egypt ($445k), and Singapore ($270k).

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Spice Seeds exports accounted up to MYR1.48M and imports accounted up to MYR15M, resulting in a negative trade balance of MYR13.6M. Between November 2023 and November 2024 the exports of Malaysia's   Spice Seeds have increased by MYR600k (68.5%) from MYR876k to MYR1.48M, while imports decreased by MYR-5.99M (-28.5%) from MYR21M to MYR15M.

Destinations In November 2024, Spice Seeds were exported mostly to India (MYR728k), Thailand (MYR165k), Australia (MYR165k), South Korea (MYR106k), and Japan (MYR79.3k), and were imported mostly from India (MYR12.3M), China (MYR1.2M), Bulgaria (MYR633k), Ukraine (MYR345k), and Russia (MYR177k).

Growth In November 2024, the increase in Spice Seeds's year-by-year exports was explained primarily by an increase in exports to Thailand (MYR156k or 89.5%) and Singapore (MYR63.4k or 115%). In November 2024, the decrease in Spice Seeds's year-by-year imports was explained primarily by a decrease in imports from China (MYR-2.36M or -62.1%), Egypt (MYR-330k or -100%), and Pakistan (MYR-223k or -94.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)MYR600k(68.5%)
IMPORT GROWTH (November 2023 - November 2024)MYR-5.99M(-28.5%)
MAIN DESTINATION (November 2024)IndiaMYR728k

This section shows Spice Seeds'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 Spice Seeds over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.96M
IMPORTS (2023)$54.8M
NET TRADE (2023)-$52.9M

In 2023, Malaysia exported $1.96M in Spice Seeds. The main destinations of Malaysia exports on Spice Seeds were Singapore ($448k), Thailand ($438k), Australia ($402k), Japan ($353k), and Burma ($63.4k).

In 2023, Malaysia imported $54.8M in Spice Seeds, mainly from India ($43.5M), China ($5.81M), Egypt ($1.8M), Russia ($931k), and Bangladesh ($615k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Spice Seeds EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
Singapore$188k (72.1%)
South Korea$32k (220%)
Chinese Taipei$25.6k (715%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spice Seeds BY Malaysia WERE (2022 - 2023):
United Arab Emirates-$241k (-100%)
Thailand-$202k (-31.5%)
Australia-$84.7k (-17.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Spice Seeds were:
India $786M
China $181M
Egypt $104M
In 2023, Malaysia's main importing competitors in Spice Seeds were:
China $211M
India $181M
United States $116M

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Trade Value of Spice Seeds by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $95.3k
TOP IMPORT POTENTIALEgypt+ $574k

Spice Seeds’s highest export potential is India. With an export gap of $95.3k.   Spice Seeds’s highest import potential is Egypt with an import gap of $574k.

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