2022
Exports
$41.4MWorld Rnk 30 / 141
Flag Rnk 334 / 1198
2022
PRODUCT COMPLEXITY IN Inedible Fats and Oils
-0.34Rnk 660 / 1025
2022
Imports
$1.19BWorld Rnk 2 / 186
Flag Rnk 45 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $41.4M in Inedible Fats and Oils, making it the 30th largest exporter of Inedible Fats and Oils in the world. At the same year, Inedible Fats and Oils was the 334th most exported product in Singapore. The main destination of Inedible Fats and Oils exports from Singapore are: Malaysia ($29.5M), Netherlands ($5.91M), Spain ($2.84M), United Kingdom ($1.84M), and United States ($324k).

The fastest growing export markets for Inedible Fats and Oils of Singapore between 2021 and 2022 were Malaysia ($14.9M), United States ($324k), and Czechia ($39.4k).

Imports In 2022, Singapore imported $1.19B in Inedible Fats and Oils, becoming the 2nd largest importer of Inedible Fats and Oils in the world. At the same year, Inedible Fats and Oils was the 45th most imported product in Singapore. Singapore imports Inedible Fats and Oils primarily from: China ($467M), United States ($324M), Malaysia ($167M), Japan ($56.3M), and Canada ($53.3M).

The fastest growing import markets in Inedible Fats and Oils for Singapore between 2021 and 2022 were China ($212M), United States ($37.8M), and Japan ($15.4M).

Latest Trends

Nov 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 Inedible Fats and 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)$41.4M
IMPORTS (2022)$1.19B
NET TRADE (2022)-$1.15B

In 2022, Singapore exported $41.4M in Inedible Fats and Oils. The main destinations of Singapore exports on Inedible Fats and Oils were Malaysia ($29.5M), Netherlands ($5.91M), Spain ($2.84M), United Kingdom ($1.84M), and United States ($324k).

In 2022, Singapore imported $1.19B in Inedible Fats and Oils, mainly from China ($467M), United States ($324M), Malaysia ($167M), Japan ($56.3M), and Canada ($53.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Inedible Fats and Oils EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Malaysia$14.9M (102%)
United States$324k (1%)
Czechia$39.4k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Inedible Fats and Oils BY Singapore WERE (2021 - 2022):
United Kingdom-$5.11M (-73.6%)
Spain-$2.58M (-47.6%)
Philippines-$518k (-72.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Inedible Fats and Oils by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALSpain+ $836k
TOP IMPORT POTENTIALMalaysia+ $16.3M

Inedible Fats and Oils’s highest export potential is Spain. With an export gap of $836k.   Inedible Fats and Oils’s highest import potential is Malaysia with an import gap of $16.3M.

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