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2022
Exports $2.4MWorld Rnk 37 / 145
Flag Rnk 849 / 1198
2022
Destination $240k Thailand
2021 - 2022
FASTEST GROWING MARKET $240kUnited Arab Emirates
2022
PRODUCT COMPLEXITY IN Spice Seeds-1.2Rnk 880 / 1025
2022
Imports $52.2MWorld Rnk 6 / 216
Flag Rnk 506 / 1203
2022
Origin $8.45M India
2021 - 2022
FASTEST GROWING ORIGIN $8.45MIndia
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $2.4M in Spice Seeds, making it the 37th largest exporter of Spice Seeds in the world. At the same year, Spice Seeds was the 849th most exported product in Malaysia. The main destination of Spice Seeds exports from Malaysia are: Thailand ($838k), Japan ($409k), Australia ($385k), United Arab Emirates ($240k), and Singapore ($166k).

The fastest growing export markets for Spice Seeds of Malaysia between 2021 and 2022 were United Arab Emirates ($240k), Thailand ($204k), and Australia ($83.4k).

Imports In 2022, Malaysia imported $52.2M in Spice Seeds, becoming the 6th largest importer of Spice Seeds in the world. At the same year, Spice Seeds was the 506th most imported product in Malaysia. Malaysia imports Spice Seeds primarily from: India ($36.5M), China ($10.2M), Egypt ($1.22M), Russia ($1.07M), and Bulgaria ($650k).

The fastest growing import markets in Spice Seeds for Malaysia between 2021 and 2022 were India ($8.45M), China ($3.08M), and Russia ($406k).

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Spice Seeds exports accounted up to MYR1.28M and imports accounted up to MYR18M, resulting in a negative trade balance of MYR16.7M. Between June 2023 and June 2024 the exports of Malaysia's   Spice Seeds have increased by MYR613k (92.1%) from MYR665k to MYR1.28M, while imports decreased by MYR-6.03M (-25.1%) from MYR24M to MYR18M.

Destinations In June 2024, Spice Seeds were exported mostly to Thailand (MYR558k), Japan (MYR364k), Australia (MYR184k), Singapore (MYR115k), and Brunei (MYR29.8k), and were imported mostly from India (MYR13.6M), China (MYR1.3M), Russia (MYR973k), Bulgaria (MYR614k), and Egypt (MYR424k).

Growth In June 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 June 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 (June 2023 - June 2024)MYR613k(92.1%)
IMPORT GROWTH (June 2023 - June 2024)MYR-6.03M(-25.1%)
MAIN DESTINATION (June 2024)ThailandMYR558k

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 (2022)$2.4M
IMPORTS (2022)$52.2M
NET TRADE (2022)-$49.8M

In 2022, Malaysia exported $2.4M in Spice Seeds. The main destinations of Malaysia exports on Spice Seeds were Thailand ($838k), Japan ($409k), Australia ($385k), United Arab Emirates ($240k), and Singapore ($166k).

In 2022, Malaysia imported $52.2M in Spice Seeds, mainly from India ($36.5M), China ($10.2M), Egypt ($1.22M), Russia ($1.07M), and Bulgaria ($650k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Spice Seeds EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
United Arab Emirates$240k (1%)
Thailand$204k (32.2%)
Australia$83.4k (27.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spice Seeds BY Malaysia WERE (2021 - 2022):
Indonesia-$42.3k (-63.2%)
Singapore-$38.7k (-19%)
South Korea-$7.37k (-40.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Spice Seeds were:
India $618M
Vietnam $89.5M
China $84.7M
In 2022, Malaysia's main importing competitors in Spice Seeds were:
China $136M
India $119M
United States $99.7M

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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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