2022
Exports
$9.95MWorld Rnk 40 / 148
Flag Rnk 573 / 1198
2022
PRODUCT COMPLEXITY IN Butter
0.015Rnk 543 / 1025
2022
Imports
$114MWorld Rnk 27 / 220
Flag Rnk 296 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $9.95M in Butter, making it the 40th largest exporter of Butter in the world. At the same year, Butter was the 573rd most exported product in Singapore. The main destination of Butter exports from Singapore are: Japan ($7.73M), Philippines ($624k), Brunei ($474k), Hong Kong ($192k), and Malaysia ($177k).

The fastest growing export markets for Butter of Singapore between 2021 and 2022 were Japan ($2.93M), Brunei ($158k), and Vietnam ($125k).

Imports In 2022, Singapore imported $114M in Butter, becoming the 27th largest importer of Butter in the world. At the same year, Butter was the 296th most imported product in Singapore. Singapore imports Butter primarily from: New Zealand ($47M), Netherlands ($16.1M), France ($12.8M), Australia ($10.1M), and Denmark ($7.4M).

The fastest growing import markets in Butter for Singapore between 2021 and 2022 were New Zealand ($8.14M), Denmark ($1.96M), and Netherlands ($915k).

Latest Trends

Jul 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 Butter. 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)$9.95M
IMPORTS (2022)$114M
NET TRADE (2022)-$104M

In 2022, Singapore exported $9.95M in Butter. The main destinations of Singapore exports on Butter were Japan ($7.73M), Philippines ($624k), Brunei ($474k), Hong Kong ($192k), and Malaysia ($177k).

In 2022, Singapore imported $114M in Butter, mainly from New Zealand ($47M), Netherlands ($16.1M), France ($12.8M), Australia ($10.1M), and Denmark ($7.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Butter EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Japan$2.93M (61%)
Brunei$158k (50%)
Vietnam$125k (345%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Butter BY Singapore WERE (2021 - 2022):
Malaysia-$658k (-78.8%)
Oman-$633k (-95.3%)
Philippines-$532k (-46%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Butter by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMalaysia+ $503k
TOP IMPORT POTENTIALIndia+ $2.04M

Butter’s highest export potential is Malaysia. With an export gap of $503k.   Butter’s highest import potential is India with an import gap of $2.04M.

See methodology.

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