2023
Exports
$32.8MWorld Rnk 24 / 197
Flag Rnk 346 / 1202
2023
PRODUCT COMPLEXITY IN Tea
-1.68Rnk 971 / 1025
2023
Imports
$44.6MWorld Rnk 44 / 224
Flag Rnk 463 / 1208
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $32.8M in Tea, making it the 24th largest exporter of Tea in the world. At the same year, Tea was the 346th most exported product in Singapore. The main destination of Tea exports from Singapore are: Malaysia ($5.76M), South Korea ($5.31M), Japan ($3.76M), Hong Kong ($2.42M), and China ($2.27M).

The fastest growing export markets for Tea of Singapore between 2022 and 2023 were Malaysia ($4.14M), South Korea ($2.69M), and Vietnam ($1.64M).

Imports In 2023, Singapore imported $44.6M in Tea, becoming the 44th largest importer of Tea in the world. At the same year, Tea was the 463rd most imported product in Singapore. Singapore imports Tea primarily from: Morocco ($7.69M), China ($5.5M), Japan ($4.54M), Chinese Taipei ($4.3M), and Sri Lanka ($4.29M).

The fastest growing import markets in Tea for Singapore between 2022 and 2023 were Morocco ($3.54M), United Arab Emirates ($1.69M), and Malaysia ($1.42M).

COMPANIES In 2024, leading companies such as Dow Chemical (5) and Danfoss (2) were at the forefront of shipping Tea from Singapore to the United States.

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 Tea. 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)$32.8M
IMPORTS (2023)$44.6M
NET TRADE (2023)-$11.8M

In 2023, Singapore exported $32.8M in Tea. The main destinations of Singapore exports on Tea were Malaysia ($5.76M), South Korea ($5.31M), Japan ($3.76M), Hong Kong ($2.42M), and China ($2.27M).

In 2023, Singapore imported $44.6M in Tea, mainly from Morocco ($7.69M), China ($5.5M), Japan ($4.54M), Chinese Taipei ($4.3M), and Sri Lanka ($4.29M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Tea EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
Malaysia$4.14M (255%)
South Korea$2.69M (103%)
Vietnam$1.64M (778%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tea BY Singapore WERE (2022 - 2023):
Japan-$701k (-15.7%)
Mongolia-$242k (-100%)
Canada-$236k (-85.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Singapore's main exporting competitors in Tea were:
China $1.39B
Kenya $1.37B
In 2023, Singapore's main importing competitors in Tea were:

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Trade Value of Tea by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMalaysia+ $874k
TOP IMPORT POTENTIALChina+ $3.07M

Tea’s highest export potential is Malaysia. With an export gap of $874k.   Tea’s highest import potential is China with an import gap of $3.07M.

See methodology.

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