2022
Exports
$60.5MWorld Rnk 20 / 196
Flag Rnk 282 / 1198
2022
PRODUCT COMPLEXITY IN Essential Oils
-1.09Rnk 855 / 1025
2022
Imports
$146MWorld Rnk 13 / 214
Flag Rnk 256 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $60.5M in Essential Oils, making it the 20th largest exporter of Essential Oils in the world. At the same year, Essential Oils was the 282nd most exported product in Singapore. The main destination of Essential Oils exports from Singapore are: United States ($20.5M), China ($12.3M), India ($5.73M), Indonesia ($3.4M), and Australia ($3.37M).

The fastest growing export markets for Essential Oils of Singapore between 2021 and 2022 were United States ($8.97M), Australia ($2.49M), and Thailand ($865k).

Imports In 2022, Singapore imported $146M in Essential Oils, becoming the 13th largest importer of Essential Oils in the world. At the same year, Essential Oils was the 256th most imported product in Singapore. Singapore imports Essential Oils primarily from: United States ($34.9M), India ($19.5M), Indonesia ($14.6M), China ($12.3M), and Germany ($10.1M).

The fastest growing import markets in Essential Oils for Singapore between 2021 and 2022 were United States ($2.89M), Brazil ($2.51M), and Malaysia ($1.75M).

COMPANIES In 2023, leading companies such as Givaudan Fragrances (2) were at the forefront of shipping Essential Oils from Singapore to the United States.

Latest Trends

Sep 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 Essential Oils. 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)$60.5M
IMPORTS (2022)$146M
NET TRADE (2022)-$85.8M

In 2022, Singapore exported $60.5M in Essential Oils. The main destinations of Singapore exports on Essential Oils were United States ($20.5M), China ($12.3M), India ($5.73M), Indonesia ($3.4M), and Australia ($3.37M).

In 2022, Singapore imported $146M in Essential Oils, mainly from United States ($34.9M), India ($19.5M), Indonesia ($14.6M), China ($12.3M), and Germany ($10.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Essential Oils EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
United States$8.97M (77.5%)
Australia$2.49M (284%)
Thailand$865k (107%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Essential Oils BY Singapore WERE (2021 - 2022):
France-$3.52M (-94.6%)
Indonesia-$1.3M (-27.7%)
India-$1.09M (-15.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Essential Oils were:
In 2022, Singapore's main importing competitors in Essential Oils were:

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Trade Value of Essential Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.24M
TOP IMPORT POTENTIALIndia+ $5.18M

Essential Oils’s highest export potential is China. With an export gap of $1.24M.   Essential Oils’s highest import potential is India with an import gap of $5.18M.

See methodology.

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