Highlights:
Malaysia is a Southeast Asian nation. It is a federal constitutional monarchy with 13 states and three federal territories, divided into Peninsular Malaysia and East Malaysia, Borneo, by the South China Sea. Also, Malaysia ranks 25th in terms of imports and 23rd in terms of exports worldwide. However, there are disparities in economic status among various ethnic groups.Approximately 25% of the population is Chinese, yet they own 70% of the nation's market capitalization.
In terms of imports, the major imports of Malaysia are chemicals, petroleum products, electronic products, machinery appliances and other parts. Similarly, the top import partners are China, Singapore, the European Union, the United States, Japan, and Thailand. In this blog, we will explore the list of the top spice importers in Malaysia with spice import data of Malaysia, import destinations and other emerging trends.
Did you know? Malaysia is a net importer and exporter of spices. Here is a revised table for easy comprehension.
|
Malaysia Trade |
Trade Value |
|
Spices Export Value |
$24.5 million |
|
Spices Import Value |
$73.4 million |
|
Major Export destinations |
Singapore, Brunei, Australia, Thailand, and Indonesia. |
|
Major Import destinations |
China, India, Thailand, Bangladesh, and Indonesia |
With $24.5 million in spice exports in 2022, Malaysia ranked as the world's 24th largest exporter. Singapore, Brunei, Australia, Thailand, and Indonesia were Malaysia's top export destinations for spices.
Also, Malaysia became the 13th largest spice importer in the world in 2022, bringing in $73.4 million. However, China, India, Thailand, Bangladesh, and Indonesia were the primary importers of spices into Malaysia.
As per Malaysia spice import data, around 400 shipments of spices were imported by Malaysia between March 2023 and February 2024 (TTM).
Let’s analyze the table for more insights on spices import in Malaysia:
|
Metric |
Value |
|
Number of Foreign Exporters |
93 |
|
Number of Spice importers in Malaysia |
121 |
|
Year-over-Year Import Growth (March 2023 - February 2024) |
27% |
|
Total Shipments (March 2023 - February 2024) |
400 |
|
Shipments in February 2024 |
15 |
|
Top Import Sources |
Pakistan, Vietnam, India |
With 93 foreign exporters supplying 121 Malaysian buyers, these imports represented a 27% increase over the previous 12 months. During this time, Malaysia imported 15 shipments of spices in February 2024 alone. The majority of Malaysia's spice imports come from Pakistan, Vietnam, and India.
The United States, Ukraine, and Vietnam are the top three countries in the world for spice imports. With 135,253 shipments, the United States is the world's top importer of spices, followed by Ukraine with 90,491 shipments and Vietnam in third place with 51,779 shipments. Also, if you need the updated spices buyers in Malaysia or Indian spices importers in Malaysia, connect with Eximpedia.app.
These are the top import destinations for spices from Malaysia.
|
Top Rank |
Top Destinations for Malaysian Spice Imports |
Malaysia import data (Import Volume) |
|
1 |
Singapore |
$14.5M |
|
2 |
Brunei |
$2.1M |
|
3 |
Australia |
$1.56M |
|
4 |
Thailand |
$1.06M |
|
5 |
Indonesia |
$932k |
So, these are the top import markets for Malaysia spice imports. The countries with the fastest rates of growth for Malaysian spices exports between 2021 and 2022 were Brunei ($567k), Indonesia ($289k), and Singapore ($799k). Looking for updated insights on import spice in Malaysia, spices buyers in Malaysia, or the list of top spice importers in Malaysia, visit Eximpedia.app today.
Now, let’s explore the list of top spice importers in Malaysia.
Here are the major spice buyers in Malaysia:
Now, quickly gather some information about each of them.
Here’s expanded information about the top 5 spice importers in Malaysia:
A well-known spice importer in Malaysia, Riders Co. Inc. is renowned for locating premium and unusual spices. They prioritize client satisfaction and product consistency while serving both the wholesale and retail markets.
Redza Mokhtar Enterprise, which specializes in a variety of spice imports, provides goods to a large network of regional distributors. They are dedicated to keeping all of their products high-quality and fresh.
The HK Spice Company, which serves food manufacturers and culinary experts, is well-known for its wide selection of imported spices. They are known for producing high-quality and dependable products.
Sai Tech specializes in importing spices and other agricultural products. The company strives to produce products of the highest caliber and values sustainable sourcing methods.
RTS Maju Global Trading guarantees prompt delivery and quality control by importing a range of in-demand spices. Their services are tailored to meet the needs of Malaysia's growing spice market.
So, these are the top spices buyers in Malaysia. Looking for the most updated spice importers in Malaysia? Visit Eximpedia.app and explore the global trade data of 130+ countries.
Let’s explore the Top 10 Exports from Malaysia
The world's leading importers of spices are listed below.
|
Top Rank |
Top spice-importing countries |
Spice Import Data (Values in %) |
|
1 |
UAE |
4.62% |
|
2 |
Japan |
4.27% |
|
3 |
Saudi Arabia |
3.55% |
|
4 |
Germany |
6.76% |
|
5 |
Netherlands |
5.35% |
|
6 |
China |
2.92% |
|
7 |
Malaysia |
2.35% |
|
8 |
Bangladesh |
2.22% |
|
9 |
Russia |
1.19% |
|
10 |
Vietnam |
0.6% |
See, it depends on culinary practices that how much spices are consumed in a nation. All these above-mentioned nations import spices in large quantity due to high spice demand in the nations.
UAE is the largest importer of spices worldwide, as the Indian population has a big hold over there. Japan is the second-biggest spice-importing country due to its practice of making one of the most spicy cuisines globally.
Eximpedia’s data-driven platform helps you find the exact and most updated list of spice importers in Malaysia or spice buyers in Malaysia. Additionally, you can readily access all most-active spice importers and exporters, HS Codes, and additional trade information for Malaysian spice imports.
This platform offers the most reliable reports on international trade insights from over 100 countries, including the United States, Bangladesh, Ethiopia, Vietnam, and more. Eximpedia compiles export-import information from customs officials and filters all shipment information on their comprehensive dashboard.
So, Malaysia's booming spice import sector thus illustrates the country's food diversity as well as its reliance on global spice trade networks to meet domestic demand. Top importers like HK Spice Company, Riders Co. Inc, RTS Maju Global Trading, Triomas Holdings Sdn Bhd, World Prominence Sdn Bh play a pivotal role in ensuring a steady supply of high-quality spices, catering to both traditional and contemporary culinary needs. Malaysia's spice importers continue to play a crucial role in establishing a connection between local customers and international suppliers as the country develops as a culinary center.
However, if you still have any queries related to spice importers in Malaysia or need the statistics on spice imports in Malaysia, connect with Eximpedia.app and book a free live demonstration anytime.
1. Which are Malaysia's leading importers of spices?
Riders Co. Inc., Redza Mokhtar Enterprise, Hk Spice Company, Sai Tech, Rts Maju Global Trading, World Prominence Sdn Bh, and Redruby Trading are Malaysia's leading importers of spices.
2. Who is Malaysia's largest importer of spices?
A well-known spice importer in Malaysia, Riders Co. Inc. is renowned as largest spice importer of Malasia, for locating premium and unusual spices. They prioritize client satisfaction and product consistency while serving both the wholesale and retail markets.
3. List the most popular HS codes for spices.
The top Spices HS Codes are 0910, 091030, 09103090, 0909, 090931, and 0909312.
4. Which platform offers the best insights into Malaysian spice imports?
Eximpedia’s data-driven platform helps you find the exact and most updated list of spice importers in Malaysia or spice buyers in Malaysia. Additionally, you can readily access all most-active spice importers and exporters, HS Codes, and additional trade information for Malaysian spice imports.
5. Which countries import the most spices?
The United states is the biggest spice importer in the world. In 2023-24, Th United States imported spices worth US$ 364 million, based on spice import data.
Global Spice Importers
Spice importers in Malaysia Spice importers in USA
Spice importers in United Arab Emirates
Top Malaysia spices import sources
Top spices buyers in Malaysia: Singapore
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