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2022
Exports $24.5MWorld Rnk 24 / 194
Flag Rnk 485 / 1198
2022
Destination $799k Singapore
2021 - 2022
FASTEST GROWING MARKET $799kSingapore
2022
PRODUCT COMPLEXITY IN Spices-1.63Rnk 964 / 1025
2022
Imports $73.4MWorld Rnk 13 / 223
Flag Rnk 433 / 1203
2022
Origin $846k China
2021 - 2022
FASTEST GROWING ORIGIN $846kThailand
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $24.5M in Spices, making it the 24th largest exporter of Spices in the world. At the same year, Spices was the 485th most exported product in Malaysia. The main destination of Spices exports from Malaysia are: Singapore ($14.5M), Brunei ($2.1M), Australia ($1.56M), Thailand ($1.06M), and Indonesia ($932k).

The fastest growing export markets for Spices of Malaysia between 2021 and 2022 were Singapore ($799k), Brunei ($567k), and Indonesia ($289k).

Imports In 2022, Malaysia imported $73.4M in Spices, becoming the 13th largest importer of Spices in the world. At the same year, Spices was the 433rd most imported product in Malaysia. Malaysia imports Spices primarily from: China ($44.4M), India ($12.2M), Thailand ($5.83M), Bangladesh ($3.31M), and Indonesia ($2.26M).

The fastest growing import markets in Spices for Malaysia between 2021 and 2022 were Thailand ($846k), Vietnam ($388k), and Pakistan ($116k).

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Spices exports accounted up to MYR9.53M and imports accounted up to MYR38.4M, resulting in a negative trade balance of MYR28.9M. Between June 2023 and June 2024 the exports of Malaysia's   Spices have decreased by MYR-876k (-8.41%) from MYR10.4M to MYR9.53M, while imports increased by MYR2.2M (6.08%) from MYR36.2M to MYR38.4M.

Destinations In June 2024, Spices were exported mostly to Singapore (MYR5.78M), Indonesia (MYR773k), Thailand (MYR662k), China (MYR554k), and Brunei (MYR367k), and were imported mostly from China (MYR18.7M), India (MYR10.4M), Thailand (MYR3.71M), Bangladesh (MYR1.89M), and Burma (MYR789k).

Growth In June 2024, the decrease in Spices's year-by-year exports was explained primarily by a decrease in exports to Maldives (MYR-317k or -91%), United Kingdom (MYR-296k or -99.6%), and United States (MYR-292k or -67.9%). In June 2024, the increase in Spices's year-by-year imports was explained primarily by an increase in imports from Bangladesh (MYR1.24M or 168%), Thailand (MYR1.04M or 47.3%), and Burma (MYR570k or 311%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)MYR-876k(-8.41%)
IMPORT GROWTH (June 2023 - June 2024)MYR2.2M(6.08%)
MAIN DESTINATION (June 2024)SingaporeMYR5.78M

This section shows Spices'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 Spices over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$24.5M
IMPORTS (2022)$73.4M
NET TRADE (2022)-$48.9M

In 2022, Malaysia exported $24.5M in Spices. The main destinations of Malaysia exports on Spices were Singapore ($14.5M), Brunei ($2.1M), Australia ($1.56M), Thailand ($1.06M), and Indonesia ($932k).

In 2022, Malaysia imported $73.4M in Spices, mainly from China ($44.4M), India ($12.2M), Thailand ($5.83M), Bangladesh ($3.31M), and Indonesia ($2.26M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Spices EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Singapore$799k (5.83%)
Brunei$567k (36.9%)
Indonesia$289k (44.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spices BY Malaysia WERE (2021 - 2022):
India-$316k (-77.5%)
Sri Lanka-$131k (-99.3%)
Hong Kong-$103k (-22.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Spices were:
India $538M
China $518M
Netherlands $203M
In 2022, Malaysia's main importing competitors in Spices were:
United States $364M
Germany $211M
Netherlands $167M

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Trade Value of Spices by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $552k
TOP IMPORT POTENTIALIndia+ $3.01M

Spices’s highest export potential is United States. With an export gap of $552k.   Spices’s highest import potential is India with an import gap of $3.01M.

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