2022
Exports
$3.53MWorld Rnk 69 / 151
Flag Rnk 730 / 1198
2022
PRODUCT COMPLEXITY IN Milk
-0.0031Rnk 548 / 1025
2022
Imports
$123MWorld Rnk 17 / 221
Flag Rnk 283 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $3.53M in Milk, making it the 69th largest exporter of Milk in the world. At the same year, Milk was the 730th most exported product in Singapore. The main destination of Milk exports from Singapore are: Malaysia ($1.06M), Vietnam ($701k), Brunei ($377k), Thailand ($332k), and Bangladesh ($239k).

The fastest growing export markets for Milk of Singapore between 2021 and 2022 were Vietnam ($572k), Thailand ($221k), and Cote d'Ivoire ($99k).

Imports In 2022, Singapore imported $123M in Milk, becoming the 17th largest importer of Milk in the world. At the same year, Milk was the 283rd most imported product in Singapore. Singapore imports Milk primarily from: Thailand ($44.3M), Australia ($33.3M), Malaysia ($8.35M), France ($7.45M), and Netherlands ($4.63M).

The fastest growing import markets in Milk for Singapore between 2021 and 2022 were Netherlands ($2.93M), Malaysia ($1.73M), and United Kingdom ($855k).

COMPANIES In 2023, leading companies such as Euromarket Designs (2), IKEA Group (1), and Home Depot (1) were at the forefront of shipping Milk 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 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 (2022)$3.53M
IMPORTS (2022)$123M
NET TRADE (2022)-$119M

In 2022, Singapore exported $3.53M in Milk. The main destinations of Singapore exports on Milk were Malaysia ($1.06M), Vietnam ($701k), Brunei ($377k), Thailand ($332k), and Bangladesh ($239k).

In 2022, Singapore imported $123M in Milk, mainly from Thailand ($44.3M), Australia ($33.3M), Malaysia ($8.35M), France ($7.45M), and Netherlands ($4.63M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Milk EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Vietnam$572k (443%)
Thailand$221k (199%)
Cote d'Ivoire$99k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Milk BY Singapore WERE (2021 - 2022):
Malaysia-$1.23M (-53.6%)
Indonesia-$1.16M (-89.8%)
Burma-$247k (-83.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Milk were:
In 2022, Singapore's main importing competitors in Milk were:
Germany $2.03B
China $1.46B

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Trade Value of Milk by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMalaysia+ $226k
TOP IMPORT POTENTIALGermany+ $2.02M

Milk’s highest export potential is Malaysia. With an export gap of $226k.   Milk’s highest import potential is Germany with an import gap of $2.02M.

See methodology.

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