2023
Exports
$38.8MWorld Rnk 17 / 155
Flag Rnk 319 / 1202
2023
PRODUCT COMPLEXITY IN Other Vegetable Oils
-1.29Rnk 898 / 1025
2023
Imports
$83.4MWorld Rnk 15 / 217
Flag Rnk 331 / 1208
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $38.8M in Other Vegetable Oils, making it the 17th largest exporter of Other Vegetable Oils in the world. At the same year, Other Vegetable Oils was the 319th most exported product in Singapore. The main destination of Other Vegetable Oils exports from Singapore are: Indonesia ($8.94M), Algeria ($7.96M), China ($7.51M), Brazil ($1.39M), and Vietnam ($1.24M).

The fastest growing export markets for Other Vegetable Oils of Singapore between 2022 and 2023 were China ($1.94M), Algeria ($1.29M), and Vietnam ($1.15M).

Imports In 2023, Singapore imported $83.4M in Other Vegetable Oils, becoming the 15th largest importer of Other Vegetable Oils in the world. At the same year, Other Vegetable Oils was the 331st most imported product in Singapore. Singapore imports Other Vegetable Oils primarily from: Australia ($28.3M), Malaysia ($27.2M), Indonesia ($24.3M), United States ($766k), and India ($646k).

The fastest growing import markets in Other Vegetable Oils for Singapore between 2022 and 2023 were Australia ($20.5M), United States ($535k), and China ($388k).

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 Other Vegetable Oils. 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)$38.8M
IMPORTS (2023)$83.4M
NET TRADE (2023)-$44.6M

In 2023, Singapore exported $38.8M in Other Vegetable Oils. The main destinations of Singapore exports on Other Vegetable Oils were Indonesia ($8.94M), Algeria ($7.96M), China ($7.51M), Brazil ($1.39M), and Vietnam ($1.24M).

In 2023, Singapore imported $83.4M in Other Vegetable Oils, mainly from Australia ($28.3M), Malaysia ($27.2M), Indonesia ($24.3M), United States ($766k), and India ($646k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Vegetable Oils EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
China$1.94M (34.7%)
Algeria$1.29M (19.3%)
Vietnam$1.15M (1.3k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Vegetable Oils BY Singapore WERE (2022 - 2023):
Israel-$16.8M (-99.9%)
Russia-$3.5M (-85.7%)
Philippines-$2.39M (-91.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Singapore's main exporting competitors in Other Vegetable Oils were:
In 2023, Singapore's main importing competitors in Other Vegetable Oils were:

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Trade Value of Other Vegetable Oils by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $2.88M
TOP IMPORT POTENTIALMalaysia+ $5.87M

Other Vegetable Oils’s highest export potential is China. With an export gap of $2.88M.   Other Vegetable Oils’s highest import potential is Malaysia with an import gap of $5.87M.

See methodology.

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