2022
Exports
$441MWorld Rnk 18 / 196
Flag Rnk 94 / 1198
2022
PRODUCT COMPLEXITY IN Chocolate
0.14Rnk 508 / 1025
2022
Imports
$214MWorld Rnk 38 / 225
Flag Rnk 197 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $441M in Chocolate, making it the 18th largest exporter of Chocolate in the world. At the same year, Chocolate was the 94th most exported product in Singapore. The main destination of Chocolate exports from Singapore are: Japan ($169M), Malaysia ($43.3M), China ($38.6M), South Korea ($28.5M), and Australia ($20.7M).

The fastest growing export markets for Chocolate of Singapore between 2021 and 2022 were Japan ($18.1M), Malaysia ($14.1M), and China ($7.45M).

Imports In 2022, Singapore imported $214M in Chocolate, becoming the 38th largest importer of Chocolate in the world. At the same year, Chocolate was the 197th most imported product in Singapore. Singapore imports Chocolate primarily from: Malaysia ($34.4M), Germany ($31.7M), United States ($27.5M), Italy ($23.1M), and Netherlands ($18.2M).

The fastest growing import markets in Chocolate for Singapore between 2021 and 2022 were Germany ($13.7M), Malaysia ($12.3M), and China ($7.06M).

COMPANIES In 2023, leading companies such as IKEA Group (6), Sobel Westex (3), and HP Inc (1) were at the forefront of shipping Chocolate from Singapore to the United States.

Latest Trends

Oct 2024

Subnational Monthly Trade

View
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 Chocolate. 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)$441M
IMPORTS (2022)$214M
NET TRADE (2022)$227M

In 2022, Singapore exported $441M in Chocolate. The main destinations of Singapore exports on Chocolate were Japan ($169M), Malaysia ($43.3M), China ($38.6M), South Korea ($28.5M), and Australia ($20.7M).

In 2022, Singapore imported $214M in Chocolate, mainly from Malaysia ($34.4M), Germany ($31.7M), United States ($27.5M), Italy ($23.1M), and Netherlands ($18.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Chocolate EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Japan$18.1M (12%)
Malaysia$14.1M (48.2%)
China$7.45M (23.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chocolate BY Singapore WERE (2021 - 2022):
Australia-$19.1M (-48%)
Hong Kong-$5.06M (-23.6%)
Bangladesh-$1.28M (-48.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Chocolate were:
Germany $5.61B
Belgium $3.01B
Italy $2.46B
In 2022, Singapore's main importing competitors in Chocolate were:

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Trade Value of Chocolate by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $11M
TOP IMPORT POTENTIALMalaysia+ $4.35M

Chocolate’s highest export potential is United States. With an export gap of $11M.   Chocolate’s highest import potential is Malaysia with an import gap of $4.35M.

See methodology.

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