2022
Exports
$2.79BWorld Rnk 7 / 216
Flag Rnk 23 / 1198
2022
PRODUCT COMPLEXITY IN Beauty Products
0.42Rnk 400 / 1025
2022
Imports
$2.58BWorld Rnk 5 / 223
Flag Rnk 18 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $2.79B in Beauty Products, making it the 7th largest exporter of Beauty Products in the world. At the same year, Beauty Products was the 23rd most exported product in Singapore. The main destination of Beauty Products exports from Singapore are: China ($1.62B), Hong Kong ($601M), South Korea ($202M), Malaysia ($125M), and Vietnam ($39.9M).

The fastest growing export markets for Beauty Products of Singapore between 2021 and 2022 were China ($43M), Malaysia ($30.7M), and Vietnam ($23.8M).

Imports In 2022, Singapore imported $2.58B in Beauty Products, becoming the 5th largest importer of Beauty Products in the world. At the same year, Beauty Products was the 18th most imported product in Singapore. Singapore imports Beauty Products primarily from: France ($1.14B), Japan ($695M), United States ($258M), South Korea ($109M), and China ($54.9M).

The fastest growing import markets in Beauty Products for Singapore between 2021 and 2022 were Germany ($25.5M), United States ($24.1M), and Japan ($15M).

COMPANIES In 2023, leading companies such as L'Oreal (1) were at the forefront of shipping Beauty Products from Singapore to the United States.

Latest Trends

Sep 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 Beauty Products. 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)$2.79B
IMPORTS (2022)$2.58B
NET TRADE (2022)$203M

In 2022, Singapore exported $2.79B in Beauty Products. The main destinations of Singapore exports on Beauty Products were China ($1.62B), Hong Kong ($601M), South Korea ($202M), Malaysia ($125M), and Vietnam ($39.9M).

In 2022, Singapore imported $2.58B in Beauty Products, mainly from France ($1.14B), Japan ($695M), United States ($258M), South Korea ($109M), and China ($54.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Beauty Products EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
China$43M (2.73%)
Malaysia$30.7M (32.7%)
Vietnam$23.8M (148%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Beauty Products BY Singapore WERE (2021 - 2022):
Hong Kong-$220M (-26.8%)
Macau-$34.7M (-87.6%)
South Korea-$9.09M (-4.31%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Beauty Products were:
In 2022, Singapore's main importing competitors in Beauty Products were:

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Trade Value of Beauty Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $65.1M
TOP IMPORT POTENTIALChina+ $38.6M

Beauty Products’s highest export potential is China. With an export gap of $65.1M.   Beauty Products’s highest import potential is China with an import gap of $38.6M.

See methodology.

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