2022
Exports
$4.52MWorld Rnk 51 / 139
Flag Rnk 695 / 1198
2022
PRODUCT COMPLEXITY IN Soybeans
-1.62Rnk 963 / 1025
2022
Imports
$17.9MWorld Rnk 65 / 200
Flag Rnk 679 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $4.52M in Soybeans, making it the 51st largest exporter of Soybeans in the world. At the same year, Soybeans was the 695th most exported product in Singapore. The main destination of Soybeans exports from Singapore are: India ($3.29M), Burma ($478k), Canada ($430k), Malaysia ($108k), and Brunei ($68.7k).

The fastest growing export markets for Soybeans of Singapore between 2021 and 2022 were Canada ($430k), Burma ($298k), and Brunei ($64.9k).

Imports In 2022, Singapore imported $17.9M in Soybeans, becoming the 65th largest importer of Soybeans in the world. At the same year, Soybeans was the 679th most imported product in Singapore. Singapore imports Soybeans primarily from: Canada ($10.2M), United States ($3.93M), Ethiopia ($1.52M), Ukraine ($864k), and Malaysia ($480k).

The fastest growing import markets in Soybeans for Singapore between 2021 and 2022 were Ethiopia ($1.11M), Ukraine ($537k), and Mozambique ($163k).

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 Soybeans. 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)$4.52M
IMPORTS (2022)$17.9M
NET TRADE (2022)-$13.4M

In 2022, Singapore exported $4.52M in Soybeans. The main destinations of Singapore exports on Soybeans were India ($3.29M), Burma ($478k), Canada ($430k), Malaysia ($108k), and Brunei ($68.7k).

In 2022, Singapore imported $17.9M in Soybeans, mainly from Canada ($10.2M), United States ($3.93M), Ethiopia ($1.52M), Ukraine ($864k), and Malaysia ($480k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybeans EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Canada$430k (1%)
Burma$298k (166%)
Brunei$64.9k (1.71k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY Singapore WERE (2021 - 2022):
India-$1.15M (-25.9%)
Malaysia-$90.6k (-45.6%)
United Kingdom-$64k (-59.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Soybeans were:
In 2022, Singapore's main importing competitors in Soybeans were:
China $54.1B
Mexico $4.08B
Japan $2.47B

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Trade Value of Soybeans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMalaysia+ $186k
TOP IMPORT POTENTIALUnited States+ $4.21M

Soybeans’s highest export potential is Malaysia. With an export gap of $186k.   Soybeans’s highest import potential is United States with an import gap of $4.21M.

See methodology.

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