2022
Exports
$899kWorld Rnk 56 / 146
Flag Rnk 940 / 1198
2022
PRODUCT COMPLEXITY IN Pure Olive Oil
-0.75Rnk 772 / 1025
2022
Imports
$14MWorld Rnk 47 / 218
Flag Rnk 734 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $899k in Pure Olive Oil, making it the 56th largest exporter of Pure Olive Oil in the world. At the same year, Pure Olive Oil was the 940th most exported product in Singapore. The main destination of Pure Olive Oil exports from Singapore are: Malaysia ($183k), Timor-Leste ($127k), United States ($114k), Cambodia ($83.7k), and Thailand ($80.1k).

The fastest growing export markets for Pure Olive Oil of Singapore between 2021 and 2022 were Vietnam ($52.8k), United States ($41.9k), and Seychelles ($21.7k).

Imports In 2022, Singapore imported $14M in Pure Olive Oil, becoming the 47th largest importer of Pure Olive Oil in the world. At the same year, Pure Olive Oil was the 734th most imported product in Singapore. Singapore imports Pure Olive Oil primarily from: Spain ($8.21M), Italy ($4.1M), Greece ($619k), Turkey ($192k), and Canada ($148k).

The fastest growing import markets in Pure Olive Oil for Singapore between 2021 and 2022 were Italy ($294k), United States ($42.1k), and Turkey ($32.4k).

COMPANIES In 2023, leading companies such as Baxter Healthcare (1) were at the forefront of shipping Pure Olive Oil from Singapore to the United States.

Latest Trends

Sep 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 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 (2022)$899k
IMPORTS (2022)$14M
NET TRADE (2022)-$13.1M

In 2022, Singapore exported $899k in Pure Olive Oil. The main destinations of Singapore exports on Pure Olive Oil were Malaysia ($183k), Timor-Leste ($127k), United States ($114k), Cambodia ($83.7k), and Thailand ($80.1k).

In 2022, Singapore imported $14M in Pure Olive Oil, mainly from Spain ($8.21M), Italy ($4.1M), Greece ($619k), Turkey ($192k), and Canada ($148k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pure Olive Oil EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Vietnam$52.8k (218%)
United States$41.9k (58.2%)
Seychelles$21.7k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pure Olive Oil BY Singapore WERE (2021 - 2022):
Papua New Guinea-$241k (-99.9%)
Brunei-$103k (-64.3%)
Maldives-$80.1k (-80.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Pure Olive Oil were:
Spain $4.43B
Italy $1.87B
In 2022, 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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