2023
Exports
$79.7kWorld Rnk 40 / 104
FlagN/A
falsefalse Maldives
2023
Imports
$1.8MWorld Rnk 48 / 185
FlagN/A
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $79.7k in Olive Oil, making it the 40th largest exporter of Olive Oil in the world. At the same year, Olive Oil was the N/A most exported product in Singapore. The main destination of Olive Oil exports from Singapore are: Maldives ($43.9k), Malaysia ($19.1k), United States ($13.2k), Macau ($1.49k), and Thailand ($819).

Imports In 2023, Singapore imported $1.8M in Olive Oil, becoming the 48th largest importer of Olive Oil in the world. At the same year, Olive Oil was the N/A most imported product in Singapore. Singapore imports Olive Oil primarily from: Spain ($1.15M), Italy ($595k), Turkey ($32.3k), Timor-Leste ($13.2k), and Germany ($4.21k).

The fastest growing import markets in Olive Oil for Singapore between 2022 and 2023 were Italy ($51.8k), Turkey ($24.9k), and Timor-Leste ($13.2k).

COMPANIES In 2024, leading companies such as REI (Recreational Equipment Incorporated) (1) were at the forefront of shipping Olive Oil from Singapore to the United States.

Latest Trends

Jan 2025

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 (2023)$79.7k
IMPORTS (2023)$1.8M
NET TRADE (2023)-$1.72M

In 2023, Singapore exported $79.7k in Olive Oil. The main destinations of Singapore exports on Olive Oil were Maldives ($43.9k), Malaysia ($19.1k), United States ($13.2k), Macau ($1.49k), and Thailand ($819).

In 2023, Singapore imported $1.8M in Olive Oil, mainly from Spain ($1.15M), Italy ($595k), Turkey ($32.3k), Timor-Leste ($13.2k), and Germany ($4.21k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Singapore's main exporting competitors in Olive Oil were:
Spain $320M
Italy $114M
In 2023, Singapore's main importing competitors in Olive Oil were:

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Trade Value of Olive Oil by Exporters

Potential Exports

Potential Exports

Flow
View
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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