2023
Exports
$5.05MWorld Rnk 56 / 150
Flag Rnk 627 / 1202
2023
PRODUCT COMPLEXITY IN Seed Oils
-0.97Rnk 825 / 1025
2023
Imports
$64.4MWorld Rnk 42 / 216
Flag Rnk 390 / 1208
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $5.05M in Seed Oils, making it the 56th largest exporter of Seed Oils in the world. At the same year, Seed Oils was the 627th most exported product in Singapore. The main destination of Seed Oils exports from Singapore are: Seychelles ($985k), Djibouti ($683k), Philippines ($446k), Indonesia ($436k), and Guyana ($331k).

The fastest growing export markets for Seed Oils of Singapore between 2022 and 2023 were Seychelles ($784k), Djibouti ($533k), and Malaysia ($180k).

Imports In 2023, Singapore imported $64.4M in Seed Oils, becoming the 42nd largest importer of Seed Oils in the world. At the same year, Seed Oils was the 390th most imported product in Singapore. Singapore imports Seed Oils primarily from: Ukraine ($22.2M), Malaysia ($21M), Russia ($12.5M), Bulgaria ($3.57M), and India ($1.57M).

The fastest growing import markets in Seed Oils for Singapore between 2022 and 2023 were Ukraine ($20.5M), Bulgaria ($3.56M), and Russia ($3.02M).

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 Seed 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)$5.05M
IMPORTS (2023)$64.4M
NET TRADE (2023)-$59.4M

In 2023, Singapore exported $5.05M in Seed Oils. The main destinations of Singapore exports on Seed Oils were Seychelles ($985k), Djibouti ($683k), Philippines ($446k), Indonesia ($436k), and Guyana ($331k).

In 2023, Singapore imported $64.4M in Seed Oils, mainly from Ukraine ($22.2M), Malaysia ($21M), Russia ($12.5M), Bulgaria ($3.57M), and India ($1.57M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Seed Oils EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
Seychelles$784k (389%)
Djibouti$533k (357%)
Malaysia$180k (441%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Seed Oils BY Singapore WERE (2022 - 2023):
Ghana-$241k (-52.7%)
Thailand-$209k (-77%)
Sri Lanka-$188k (-91.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Singapore's main exporting competitors in Seed Oils were:
Ukraine $5.26B
Russia $3.51B
Turkey $1.38B
In 2023, Singapore's main importing competitors in Seed Oils were:
India $2.43B
China $1.62B
Turkey $1.47B

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Trade Value of Seed Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMalaysia+ $97.4k
TOP IMPORT POTENTIALRussia+ $2.32M

Seed Oils’s highest export potential is Malaysia. With an export gap of $97.4k.   Seed Oils’s highest import potential is Russia with an import gap of $2.32M.

See methodology.

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