2022
Exports
$40.1kWorld Rnk 75 / 93
Flag Rnk 1136 / 1198
2022
PRODUCT COMPLEXITY IN Bovine, Sheep, and Goat Fat
-0.5Rnk 698 / 1025
2022
Imports
$575MWorld Rnk 2 / 156
Flag Rnk 91 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $40.1k in Bovine, Sheep, and Goat Fat, making it the 75th largest exporter of Bovine, Sheep, and Goat Fat in the world. At the same year, Bovine, Sheep, and Goat Fat was the 1136th most exported product in Singapore. The main destination of Bovine, Sheep, and Goat Fat exports from Singapore are: Indonesia ($35.1k), Chinese Taipei ($1.94k), Maldives ($1.44k), Sweden ($782), and Malaysia ($422).

The fastest growing export markets for Bovine, Sheep, and Goat Fat of Singapore between 2021 and 2022 were Chinese Taipei ($1.94k), Sweden ($782), and Maldives ($672).

Imports In 2022, Singapore imported $575M in Bovine, Sheep, and Goat Fat, becoming the 2nd largest importer of Bovine, Sheep, and Goat Fat in the world. At the same year, Bovine, Sheep, and Goat Fat was the 91st most imported product in Singapore. Singapore imports Bovine, Sheep, and Goat Fat primarily from: Australia ($277M), Malaysia ($127M), United States ($112M), New Zealand ($41.2M), and Uruguay ($11.3M).

The fastest growing import markets in Bovine, Sheep, and Goat Fat for Singapore between 2021 and 2022 were Malaysia ($88.2M), Australia ($10.6M), and Uruguay ($8.8M).

Latest Trends

Jul 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 Bovine, Sheep, and Goat Fat. 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)$40.1k
IMPORTS (2022)$575M
NET TRADE (2022)-$575M

In 2022, Singapore exported $40.1k in Bovine, Sheep, and Goat Fat. The main destinations of Singapore exports on Bovine, Sheep, and Goat Fat were Indonesia ($35.1k), Chinese Taipei ($1.94k), Maldives ($1.44k), Sweden ($782), and Malaysia ($422).

In 2022, Singapore imported $575M in Bovine, Sheep, and Goat Fat, mainly from Australia ($277M), Malaysia ($127M), United States ($112M), New Zealand ($41.2M), and Uruguay ($11.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Bovine, Sheep, and Goat Fat EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Chinese Taipei$1.94k (1%)
Sweden$782 (1%)
Maldives$672 (88.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bovine, Sheep, and Goat Fat BY Singapore WERE (2021 - 2022):
Angola-$68.4k (-100%)
Senegal-$8.87k (-100%)
Indonesia-$4.05k (-10.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Bovine, Sheep, and Goat Fat were:
In 2022, Singapore's main importing competitors in Bovine, Sheep, and Goat Fat were:

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Trade Value of Bovine, Sheep, and Goat Fat by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALMalaysia+ $2.94k
TOP IMPORT POTENTIALCanada+ $2.14M

Bovine, Sheep, and Goat Fat’s highest export potential is Malaysia. With an export gap of $2.94k.   Bovine, Sheep, and Goat Fat’s highest import potential is Canada with an import gap of $2.14M.

See methodology.

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