2023
Exports
$25.6MWorld Rnk 51 / 176
Flag Rnk 382 / 1202
2023
PRODUCT COMPLEXITY IN Cheese
-0.12Rnk 596 / 1025
2023
Imports
$119MWorld Rnk 54 / 225
Flag Rnk 264 / 1208
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $25.6M in Cheese, making it the 51st largest exporter of Cheese in the world. At the same year, Cheese was the 382nd most exported product in Singapore. The main destination of Cheese exports from Singapore are: Malaysia ($11.2M), China ($4.98M), Hong Kong ($4.27M), Indonesia ($1.45M), and Thailand ($619k).

The fastest growing export markets for Cheese of Singapore between 2022 and 2023 were Indonesia ($1.22M), China ($1.1M), and Thailand ($613k).

Imports In 2023, Singapore imported $119M in Cheese, becoming the 54th largest importer of Cheese in the world. At the same year, Cheese was the 264th most imported product in Singapore. Singapore imports Cheese primarily from: Australia ($32.3M), New Zealand ($18.1M), Italy ($9.45M), France ($9.13M), and United States ($9.06M).

The fastest growing import markets in Cheese for Singapore between 2022 and 2023 were New Zealand ($2.07M), Malaysia ($1.69M), and Greece ($923k).

COMPANIES In 2024, leading companies such as REI (Recreational Equipment Incorporated) (2) and Goya Foods (1) were at the forefront of shipping Cheese from Singapore to the United States.

Latest Trends

Dec 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 Cheese. 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 (2023)$25.6M
IMPORTS (2023)$119M
NET TRADE (2023)-$93.7M

In 2023, Singapore exported $25.6M in Cheese. The main destinations of Singapore exports on Cheese were Malaysia ($11.2M), China ($4.98M), Hong Kong ($4.27M), Indonesia ($1.45M), and Thailand ($619k).

In 2023, Singapore imported $119M in Cheese, mainly from Australia ($32.3M), New Zealand ($18.1M), Italy ($9.45M), France ($9.13M), and United States ($9.06M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cheese EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
Indonesia$1.22M (521%)
China$1.1M (28.2%)
Thailand$613k (10.9k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cheese BY Singapore WERE (2022 - 2023):
Malaysia-$626k (-5.31%)
Burma-$312k (-95.6%)
Philippines-$300k (-49.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Singapore's main exporting competitors in Cheese were:
In 2023, Singapore's main importing competitors in Cheese were:
Germany $5.58B
France $3.02B
Italy $2.84B

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Trade Value of Cheese by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.84M
TOP IMPORT POTENTIALItaly+ $3.57M

Cheese’s highest export potential is China. With an export gap of $1.84M.   Cheese’s highest import potential is Italy with an import gap of $3.57M.

See methodology.

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