2022
Exports
$3.44MWorld Rnk 60 / 175
Flag Rnk 738 / 1198
2022
PRODUCT COMPLEXITY IN Soups and Broths
-0.5Rnk 704 / 1025
2022
Imports
$31.6MWorld Rnk 26 / 223
Flag Rnk 567 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $3.44M in Soups and Broths, making it the 60th largest exporter of Soups and Broths in the world. At the same year, Soups and Broths was the 738th most exported product in Singapore. The main destination of Soups and Broths exports from Singapore are: Chinese Taipei ($925k), Canada ($358k), Trinidad and Tobago ($320k), Hong Kong ($294k), and Malaysia ($193k).

The fastest growing export markets for Soups and Broths of Singapore between 2021 and 2022 were Spain ($141k), Thailand ($126k), and Belgium ($94.7k).

Imports In 2022, Singapore imported $31.6M in Soups and Broths, becoming the 26th largest importer of Soups and Broths in the world. At the same year, Soups and Broths was the 567th most imported product in Singapore. Singapore imports Soups and Broths primarily from: Malaysia ($6.75M), Japan ($6.36M), China ($4.94M), Chinese Taipei ($3.64M), and Australia ($2.74M).

The fastest growing import markets in Soups and Broths for Singapore between 2021 and 2022 were Japan ($988k), Australia ($686k), and Chinese Taipei ($679k).

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 Soups and Broths. 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)$3.44M
IMPORTS (2022)$31.6M
NET TRADE (2022)-$28.2M

In 2022, Singapore exported $3.44M in Soups and Broths. The main destinations of Singapore exports on Soups and Broths were Chinese Taipei ($925k), Canada ($358k), Trinidad and Tobago ($320k), Hong Kong ($294k), and Malaysia ($193k).

In 2022, Singapore imported $31.6M in Soups and Broths, mainly from Malaysia ($6.75M), Japan ($6.36M), China ($4.94M), Chinese Taipei ($3.64M), and Australia ($2.74M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soups and Broths EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Spain$141k (655%)
Thailand$126k (341%)
Belgium$94.7k (17k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soups and Broths BY Singapore WERE (2021 - 2022):
Chinese Taipei-$270k (-22.6%)
Netherlands-$211k (-96.7%)
United Kingdom-$175k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Soups and Broths were:
In 2022, Singapore's main importing competitors in Soups and Broths were:

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Trade Value of Soups and Broths by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $133k
TOP IMPORT POTENTIALUnited States+ $774k

Soups and Broths’s highest export potential is United States. With an export gap of $133k.   Soups and Broths’s highest import potential is United States with an import gap of $774k.

See methodology.

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