2023
Exports
$145MWorld Rnk 23 / 174
Flag Rnk 165 / 1202
2023
PRODUCT COMPLEXITY IN Concentrated Milk
-0.8Rnk 783 / 1025
2023
Imports
$331MWorld Rnk 21 / 222
Flag Rnk 132 / 1208
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $145M in Concentrated Milk, making it the 23rd largest exporter of Concentrated Milk in the world. At the same year, Concentrated Milk was the 165th most exported product in Singapore. The main destination of Concentrated Milk exports from Singapore are: Japan ($54.3M), Bangladesh ($25.6M), Saudi Arabia ($6.64M), Egypt ($5.84M), and Hong Kong ($5.53M).

The fastest growing export markets for Concentrated Milk of Singapore between 2022 and 2023 were Venezuela ($5.35M), Bangladesh ($3.87M), and Burma ($2.34M).

Imports In 2023, Singapore imported $331M in Concentrated Milk, becoming the 21st largest importer of Concentrated Milk in the world. At the same year, Concentrated Milk was the 132nd most imported product in Singapore. Singapore imports Concentrated Milk primarily from: New Zealand ($188M), United States ($22.1M), Netherlands ($18.2M), Germany ($13.8M), and Australia ($13.5M).

The fastest growing import markets in Concentrated Milk for Singapore between 2022 and 2023 were Austria ($3.97M), Malaysia ($1.93M), and Sweden ($1.78M).

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 Concentrated Milk. 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)$145M
IMPORTS (2023)$331M
NET TRADE (2023)-$186M

In 2023, Singapore exported $145M in Concentrated Milk. The main destinations of Singapore exports on Concentrated Milk were Japan ($54.3M), Bangladesh ($25.6M), Saudi Arabia ($6.64M), Egypt ($5.84M), and Hong Kong ($5.53M).

In 2023, Singapore imported $331M in Concentrated Milk, mainly from New Zealand ($188M), United States ($22.1M), Netherlands ($18.2M), Germany ($13.8M), and Australia ($13.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Concentrated Milk EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
Venezuela$5.35M (1%)
Bangladesh$3.87M (17.8%)
Burma$2.34M (423%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Concentrated Milk BY Singapore WERE (2022 - 2023):
Japan-$34.7M (-39%)
Malaysia-$3.51M (-83.9%)
Qatar-$2.65M (-59.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Concentrated Milk by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMalaysia+ $5.04M
TOP IMPORT POTENTIALUnited States+ $8.38M

Concentrated Milk’s highest export potential is Malaysia. With an export gap of $5.04M.   Concentrated Milk’s highest import potential is United States with an import gap of $8.38M.

See methodology.

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