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2022
Exports $131kWorld Rnk 41 / 80
Flag Rnk 1086 / 1198
2022
Destination $43.9k Malaysia
2021 - 2022
FASTEST GROWING MARKET $43.9kMalaysia
2022
Imports $9.05MWorld Rnk 8 / 154
Flag Rnk 808 / 1213
2022
Origin $1.61M Malaysia
2021 - 2022
FASTEST GROWING ORIGIN $1.61MMalaysia
2022
ECONOMIC COMPLEXITY of Singapore1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $131k in Animal Extracts, making it the 41st largest exporter of Animal Extracts in the world. At the same year, Animal Extracts was the 1086th most exported product in Singapore. The main destination of Animal Extracts exports from Singapore are: Malaysia ($43.9k), Chinese Taipei ($23.1k), Australia ($22.1k), Indonesia ($19k), and Hong Kong ($18k).

The fastest growing export markets for Animal Extracts of Singapore between 2021 and 2022 were Malaysia ($43.9k), Chinese Taipei ($23.1k), and Australia ($16.4k).

Imports In 2022, Singapore imported $9.05M in Animal Extracts, becoming the 8th largest importer of Animal Extracts in the world. At the same year, Animal Extracts was the 808th most imported product in Singapore. Singapore imports Animal Extracts primarily from: Malaysia ($8.05M), United Kingdom ($235k), Japan ($203k), China ($142k), and Chinese Taipei ($117k).

The fastest growing import markets in Animal Extracts for Singapore between 2021 and 2022 were Malaysia ($1.61M), United Kingdom ($150k), and Japan ($74.6k).

Latest Trends

Aug 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Animal Extracts. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$131k
IMPORTS (2022)$9.05M
NET TRADE (2022)-$8.92M

In 2022, Singapore exported $131k in Animal Extracts. The main destinations of Singapore exports on Animal Extracts were Malaysia ($43.9k), Chinese Taipei ($23.1k), Australia ($22.1k), Indonesia ($19k), and Hong Kong ($18k).

In 2022, Singapore imported $9.05M in Animal Extracts, mainly from Malaysia ($8.05M), United Kingdom ($235k), Japan ($203k), China ($142k), and Chinese Taipei ($117k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Animal Extracts EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Malaysia$43.9k (1.1M%)
Chinese Taipei$23.1k (1%)
Australia$16.4k (284%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal Extracts BY Singapore WERE (2021 - 2022):
Brunei-$38.3k (-95%)
Canada-$20.6k (-100%)
Cambodia-$5.18k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Animal Extracts were:
New Zealand $32M
Italy $28.2M
China $25.8M
In 2022, Singapore's main importing competitors in Animal Extracts were:
United States $37M
Japan $35.9M
Germany $26.5M

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Trade Value of Animal Extracts by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALHong Kong+ $4.37k
TOP IMPORT POTENTIALChina+ $145k

Animal Extracts’s highest export potential is Hong Kong. With an export gap of $4.37k.   Animal Extracts’s highest import potential is China with an import gap of $145k.

See methodology.

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