2022
Exports
$22.9MWorld Rnk 55 / 169
Flag Rnk 438 / 1198
2022
PRODUCT COMPLEXITY IN Cheese
-0.14Rnk 591 / 1025
2022
Imports
$112MWorld Rnk 53 / 223
Flag Rnk 300 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $22.9M in Cheese, making it the 55th largest exporter of Cheese in the world. At the same year, Cheese was the 438th most exported product in Singapore. The main destination of Cheese exports from Singapore are: Malaysia ($11.9M), China ($3.39M), Hong Kong ($3M), Brunei ($1.31M), and Vietnam ($619k).

The fastest growing export markets for Cheese of Singapore between 2021 and 2022 were Malaysia ($2.66M), Philippines ($520k), and Hong Kong ($247k).

Imports In 2022, Singapore imported $112M in Cheese, becoming the 53rd largest importer of Cheese in the world. At the same year, Cheese was the 300th most imported product in Singapore. Singapore imports Cheese primarily from: Australia ($29.7M), New Zealand ($16M), United States ($12.6M), Denmark ($8.82M), and France ($7.28M).

The fastest growing import markets in Cheese for Singapore between 2021 and 2022 were New Zealand ($5.03M), Australia ($4.68M), and Switzerland ($1.79M).

COMPANIES In 2023, leading companies such as Team Hardinger (2) were at the forefront of shipping Cheese from Singapore to the United States.

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 Cheese. 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)$22.9M
IMPORTS (2022)$112M
NET TRADE (2022)-$89.4M

In 2022, Singapore exported $22.9M in Cheese. The main destinations of Singapore exports on Cheese were Malaysia ($11.9M), China ($3.39M), Hong Kong ($3M), Brunei ($1.31M), and Vietnam ($619k).

In 2022, Singapore imported $112M in Cheese, mainly from Australia ($29.7M), New Zealand ($16M), United States ($12.6M), Denmark ($8.82M), and France ($7.28M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cheese EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Malaysia$2.66M (29%)
Philippines$520k (706%)
Hong Kong$247k (8.97%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cheese BY Singapore WERE (2021 - 2022):
Burma-$459k (-58.4%)
China-$384k (-10.2%)
Sri Lanka-$272k (-95.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Cheese were:
In 2022, Singapore's main importing competitors in Cheese were:
Germany $5.19B
Italy $2.62B

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Trade Value of Cheese by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.84M
TOP IMPORT POTENTIALItaly+ $3.57M

Cheese’s highest export potential is China. With an export gap of $1.84M.   Cheese’s highest import potential is Italy with an import gap of $3.57M.

See methodology.

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