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Exports In 2022, Singapore exported $142k in Olive Oil, making it the 32nd largest exporter of Olive Oil in the world. At the same year, Olive Oil was the 1078th most exported product in Singapore. The main destination of Olive Oil exports from Singapore are: Maldives ($64.3k), Malaysia ($55.9k), Vietnam ($8.54k), Indonesia ($4.71k), and Timor-Leste ($4.64k).

The fastest growing export markets for Olive Oil of Singapore between 2021 and 2022 were Malaysia ($55.9k), Maldives ($27.2k), and Vietnam ($4.35k).

Imports In 2022, Singapore imported $2.37M in Olive Oil, becoming the 40th largest importer of Olive Oil in the world. At the same year, Olive Oil was the 990th most imported product in Singapore. Singapore imports Olive Oil primarily from: Spain ($1.19M), Italy ($1.13M), Turkey ($23.3k), Japan ($9.94k), and United Kingdom ($4.61k).

The fastest growing import markets in Olive Oil for Singapore between 2021 and 2022 were Spain ($481k), Italy ($227k), and Australia ($2.93k).

COMPANIES In 2023, leading companies such as Direct Link (1) were at the forefront of shipping Olive Oil 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 Olive Oil. 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)$142k
IMPORTS (2022)$2.37M
NET TRADE (2022)-$2.23M

In 2022, Singapore exported $142k in Olive Oil. The main destinations of Singapore exports on Olive Oil were Maldives ($64.3k), Malaysia ($55.9k), Vietnam ($8.54k), Indonesia ($4.71k), and Timor-Leste ($4.64k).

In 2022, Singapore imported $2.37M in Olive Oil, mainly from Spain ($1.19M), Italy ($1.13M), Turkey ($23.3k), Japan ($9.94k), and United Kingdom ($4.61k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Olive Oil EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Malaysia$55.9k (1%)
Maldives$27.2k (73.4%)
Vietnam$4.35k (104%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Olive Oil BY Singapore WERE (2021 - 2022):
Fiji-$284k (-100%)
Indonesia-$7.2k (-60.4%)
Sri Lanka-$268 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, Singapore's main exporting competitors in Olive Oil were:
Spain $322M
Italy $115M
Greece $69.6M
In 2022, Singapore's main importing competitors in Olive Oil were:

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Trade Value of Olive Oil by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndonesia+ $2.24k
TOP IMPORT POTENTIALTurkey+ $26.6k

Olive Oil’s highest export potential is Indonesia. With an export gap of $2.24k.   Olive Oil’s highest import potential is Turkey with an import gap of $26.6k.

See methodology.

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