2022
Exports
$3.52MWorld Rnk 65 / 152
Flag Rnk 732 / 1198
2022
PRODUCT COMPLEXITY IN Seed Oils
-0.99Rnk 836 / 1025
2022
Imports
$41.5MWorld Rnk 68 / 211
Flag Rnk 500 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $3.52M in Seed Oils, making it the 65th largest exporter of Seed Oils in the world. At the same year, Seed Oils was the 732nd most exported product in Singapore. The main destination of Seed Oils exports from Singapore are: Indonesia ($545k), Guyana ($303k), Brunei ($293k), Philippines ($261k), and Bahrain ($260k).

The fastest growing export markets for Seed Oils of Singapore between 2021 and 2022 were Thailand ($240k), Seychelles ($183k), and South Korea ($107k).

Imports In 2022, Singapore imported $41.5M in Seed Oils, becoming the 68th largest importer of Seed Oils in the world. At the same year, Seed Oils was the 500th most imported product in Singapore. Singapore imports Seed Oils primarily from: Malaysia ($23.9M), Russia ($8.55M), China ($2.28M), India ($1.83M), and Ukraine ($1.6M).

The fastest growing import markets in Seed Oils for Singapore between 2021 and 2022 were Russia ($8.28M), Malaysia ($6.72M), and China ($676k).

Latest Trends

Aug 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 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 (2022)$3.52M
IMPORTS (2022)$41.5M
NET TRADE (2022)-$38M

In 2022, Singapore exported $3.52M in Seed Oils. The main destinations of Singapore exports on Seed Oils were Indonesia ($545k), Guyana ($303k), Brunei ($293k), Philippines ($261k), and Bahrain ($260k).

In 2022, Singapore imported $41.5M in Seed Oils, mainly from Malaysia ($23.9M), Russia ($8.55M), China ($2.28M), India ($1.83M), and Ukraine ($1.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Seed Oils EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Thailand$240k (19.2k%)
Seychelles$183k (1%)
South Korea$107k (14.7k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Seed Oils BY Singapore WERE (2021 - 2022):
Mozambique-$2.29M (-99.4%)
Burma-$756k (-93.9%)
Indonesia-$553k (-50.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Seed Oils were:
Ukraine $5.54B
Russia $3.01B
Turkey $1.88B
In 2022, Singapore's main importing competitors in Seed Oils were:

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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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