2023
Exports
$1.44MWorld Rnk 47 / 160
Flag Rnk 837 / 1202
2023
PRODUCT COMPLEXITY IN Pure Olive Oil
-0.73Rnk 765 / 1025
2023
Imports
$13.5MWorld Rnk 48 / 221
Flag Rnk 701 / 1208
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $1.44M in Pure Olive Oil, making it the 47th largest exporter of Pure Olive Oil in the world. At the same year, Pure Olive Oil was the 837th most exported product in Singapore. The main destination of Pure Olive Oil exports from Singapore are: United States ($406k), Brunei ($191k), Timor-Leste ($162k), Hong Kong ($118k), and Maldives ($109k).

The fastest growing export markets for Pure Olive Oil of Singapore between 2022 and 2023 were United States ($292k), Brunei ($159k), and Timor-Leste ($124k).

Imports In 2023, Singapore imported $13.5M in Pure Olive Oil, becoming the 48th largest importer of Pure Olive Oil in the world. At the same year, Pure Olive Oil was the 701st most imported product in Singapore. Singapore imports Pure Olive Oil primarily from: Italy ($6.1M), Spain ($5.12M), Greece ($1.04M), Turkey ($329k), and Australia ($261k).

The fastest growing import markets in Pure Olive Oil for Singapore between 2022 and 2023 were Italy ($1.13M), Greece ($494k), and Turkey ($119k).

Latest Trends

Dec 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 Pure Olive Oil. 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)$1.44M
IMPORTS (2023)$13.5M
NET TRADE (2023)-$12.1M

In 2023, Singapore exported $1.44M in Pure Olive Oil. The main destinations of Singapore exports on Pure Olive Oil were United States ($406k), Brunei ($191k), Timor-Leste ($162k), Hong Kong ($118k), and Maldives ($109k).

In 2023, Singapore imported $13.5M in Pure Olive Oil, mainly from Italy ($6.1M), Spain ($5.12M), Greece ($1.04M), Turkey ($329k), and Australia ($261k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Pure Olive Oil EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
United States$292k (256%)
Brunei$159k (497%)
Timor-Leste$124k (326%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pure Olive Oil BY Singapore WERE (2022 - 2023):
Thailand-$26.7k (-33.3%)
Malaysia-$23.2k (-31.3%)
Seychelles-$18.9k (-83.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Singapore's main exporting competitors in Pure Olive Oil were:
Spain $4.69B
Italy $2.14B
Greece $1.35B
In 2023, Singapore's main importing competitors in Pure Olive Oil were:

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Trade Value of Pure Olive Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $138k
TOP IMPORT POTENTIALGreece+ $389k

Pure Olive Oil’s highest export potential is United States. With an export gap of $138k.   Pure Olive Oil’s highest import potential is Greece with an import gap of $389k.

See methodology.

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