2023
Exports
$62.2MWorld Rnk 27 / 189
Flag Rnk 255 / 1202
2023
PRODUCT COMPLEXITY IN Beer
-0.37Rnk 661 / 1025
2023
Imports
$102MWorld Rnk 23 / 226
Flag Rnk 292 / 1208
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $62.2M in Beer, making it the 27th largest exporter of Beer in the world. At the same year, Beer was the 255th most exported product in Singapore. The main destination of Beer exports from Singapore are: Malaysia ($15.8M), Vietnam ($9.04M), China ($7.54M), South Korea ($5.9M), and Thailand ($5.55M).

The fastest growing export markets for Beer of Singapore between 2022 and 2023 were Malaysia ($8.53M), South Korea ($4.99M), and Thailand ($2.89M).

Imports In 2023, Singapore imported $102M in Beer, becoming the 23rd largest importer of Beer in the world. At the same year, Beer was the 292nd most imported product in Singapore. Singapore imports Beer primarily from: Malaysia ($16.5M), Mexico ($10.6M), Vietnam ($10.3M), India ($6.86M), and China ($6.22M).

The fastest growing import markets in Beer for Singapore between 2022 and 2023 were Malaysia ($3.19M), India ($1.03M), and Cambodia ($1.02M).

Latest Trends

Dec 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 Beer. 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)$62.2M
IMPORTS (2023)$102M
NET TRADE (2023)-$40.2M

In 2023, Singapore exported $62.2M in Beer. The main destinations of Singapore exports on Beer were Malaysia ($15.8M), Vietnam ($9.04M), China ($7.54M), South Korea ($5.9M), and Thailand ($5.55M).

In 2023, Singapore imported $102M in Beer, mainly from Malaysia ($16.5M), Mexico ($10.6M), Vietnam ($10.3M), India ($6.86M), and China ($6.22M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Beer EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
Malaysia$8.53M (118%)
South Korea$4.99M (545%)
Thailand$2.89M (109%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Beer BY Singapore WERE (2022 - 2023):
Vietnam-$6.23M (-40.8%)
United Arab Emirates-$869k (-40.4%)
Kazakhstan-$263k (-26.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Singapore's main exporting competitors in Beer were:
In 2023, Singapore's main importing competitors in Beer were:

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Trade Value of Beer by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.54M
TOP IMPORT POTENTIALMexico+ $4.66M

Beer’s highest export potential is China. With an export gap of $2.54M.   Beer’s highest import potential is Mexico with an import gap of $4.66M.

See methodology.

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