2023
Exports
$8.36MWorld Rnk 36 / 146
Flag Rnk 551 / 1202
2023
PRODUCT COMPLEXITY IN Butter
0.079Rnk 528 / 1025
2023
Imports
$107MWorld Rnk 23 / 224
Flag Rnk 282 / 1208
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $8.36M in Butter, making it the 36th largest exporter of Butter in the world. At the same year, Butter was the 551st most exported product in Singapore. The main destination of Butter exports from Singapore are: Japan ($5.39M), Philippines ($786k), Hong Kong ($639k), Egypt ($410k), and Australia ($254k).

The fastest growing export markets for Butter of Singapore between 2022 and 2023 were Hong Kong ($443k), Egypt ($410k), and Maldives ($131k).

Imports In 2023, Singapore imported $107M in Butter, becoming the 23rd largest importer of Butter in the world. At the same year, Butter was the 282nd most imported product in Singapore. Singapore imports Butter primarily from: New Zealand ($47.5M), France ($15M), Netherlands ($10.5M), India ($9.91M), and Denmark ($8.99M).

The fastest growing import markets in Butter for Singapore between 2022 and 2023 were New Zealand ($6.31M), India ($2.47M), and France ($1.97M).

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 Butter. 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)$8.36M
IMPORTS (2023)$107M
NET TRADE (2023)-$98.7M

In 2023, Singapore exported $8.36M in Butter. The main destinations of Singapore exports on Butter were Japan ($5.39M), Philippines ($786k), Hong Kong ($639k), Egypt ($410k), and Australia ($254k).

In 2023, Singapore imported $107M in Butter, mainly from New Zealand ($47.5M), France ($15M), Netherlands ($10.5M), India ($9.91M), and Denmark ($8.99M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Butter EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
Hong Kong$443k (225%)
Egypt$410k (1%)
Maldives$131k (10.6k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Butter BY Singapore WERE (2022 - 2023):
Japan-$2.34M (-30.3%)
Brunei-$255k (-50.2%)
Vietnam-$118k (-73%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Butter by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMalaysia+ $503k
TOP IMPORT POTENTIALIndia+ $2.04M

Butter’s highest export potential is Malaysia. With an export gap of $503k.   Butter’s highest import potential is India with an import gap of $2.04M.

See methodology.

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