2023
Exports
$102MWorld Rnk 18 / 162
Flag Rnk 202 / 1202
2023
PRODUCT COMPLEXITY IN Margarine
-0.85Rnk 793 / 1025
2023
Imports
$75.5MWorld Rnk 28 / 221
Flag Rnk 355 / 1208
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $102M in Margarine, making it the 18th largest exporter of Margarine in the world. At the same year, Margarine was the 202nd most exported product in Singapore. The main destination of Margarine exports from Singapore are: South Korea ($17.9M), Malaysia ($9.43M), Indonesia ($9.23M), Chinese Taipei ($8.87M), and Saudi Arabia ($8.18M).

The fastest growing export markets for Margarine of Singapore between 2022 and 2023 were Senegal ($5.04M), Croatia ($2.11M), and Saudi Arabia ($2.06M).

Imports In 2023, Singapore imported $75.5M in Margarine, becoming the 28th largest importer of Margarine in the world. At the same year, Margarine was the 355th most imported product in Singapore. Singapore imports Margarine primarily from: Malaysia ($31M), Indonesia ($27M), United States ($11.6M), Australia ($1.92M), and Japan ($584k).

The fastest growing import markets in Margarine for Singapore between 2022 and 2023 were Switzerland ($120k), Spain ($93.9k), and Norway ($91k).

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 Margarine. 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)$102M
IMPORTS (2023)$75.5M
NET TRADE (2023)$26.5M

In 2023, Singapore exported $102M in Margarine. The main destinations of Singapore exports on Margarine were South Korea ($17.9M), Malaysia ($9.43M), Indonesia ($9.23M), Chinese Taipei ($8.87M), and Saudi Arabia ($8.18M).

In 2023, Singapore imported $75.5M in Margarine, mainly from Malaysia ($31M), Indonesia ($27M), United States ($11.6M), Australia ($1.92M), and Japan ($584k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Margarine EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
Senegal$5.04M (892%)
Croatia$2.11M (349%)
Saudi Arabia$2.06M (33.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Margarine BY Singapore WERE (2022 - 2023):
Japan-$10.3M (-67.1%)
Thailand-$6.12M (-49.9%)
India-$4.29M (-73.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Singapore's main exporting competitors in Margarine were:
In 2023, Singapore's main importing competitors in Margarine were:
China $1.08B

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Trade Value of Margarine by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $5.18M
TOP IMPORT POTENTIALIndonesia+ $5.73M

Margarine’s highest export potential is China. With an export gap of $5.18M.   Margarine’s highest import potential is Indonesia with an import gap of $5.73M.

See methodology.

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