2023
Exports
$9.29MWorld Rnk 42 / 117
Flag Rnk 532 / 1202
2023
PRODUCT COMPLEXITY IN Rapeseed Oil
0.16Rnk 502 / 1025
2023
Imports
$32.3MWorld Rnk 35 / 209
Flag Rnk 524 / 1208
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $9.29M in Rapeseed Oil, making it the 42nd largest exporter of Rapeseed Oil in the world. At the same year, Rapeseed Oil was the 532nd most exported product in Singapore. The main destination of Rapeseed Oil exports from Singapore are: Philippines ($6.95M), Indonesia ($1.01M), Fiji ($293k), Hong Kong ($278k), and Vietnam ($232k).

The fastest growing export markets for Rapeseed Oil of Singapore between 2022 and 2023 were Hong Kong ($278k), Thailand ($67.4k), and Sri Lanka ($14.3k).

Imports In 2023, Singapore imported $32.3M in Rapeseed Oil, becoming the 35th largest importer of Rapeseed Oil in the world. At the same year, Rapeseed Oil was the 524th most imported product in Singapore. Singapore imports Rapeseed Oil primarily from: Malaysia ($14.7M), Ukraine ($9.65M), Australia ($3.74M), United Arab Emirates ($1.97M), and Germany ($1.21M).

The fastest growing import markets in Rapeseed Oil for Singapore between 2022 and 2023 were Ukraine ($9.65M), Malaysia ($3.1M), and Australia ($1.2M).

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 Rapeseed 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)$9.29M
IMPORTS (2023)$32.3M
NET TRADE (2023)-$23M

In 2023, Singapore exported $9.29M in Rapeseed Oil. The main destinations of Singapore exports on Rapeseed Oil were Philippines ($6.95M), Indonesia ($1.01M), Fiji ($293k), Hong Kong ($278k), and Vietnam ($232k).

In 2023, Singapore imported $32.3M in Rapeseed Oil, mainly from Malaysia ($14.7M), Ukraine ($9.65M), Australia ($3.74M), United Arab Emirates ($1.97M), and Germany ($1.21M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Rapeseed Oil EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
Hong Kong$278k (1%)
Thailand$67.4k (764%)
Sri Lanka$14.3k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rapeseed Oil BY Singapore WERE (2022 - 2023):
Malaysia-$3.96M (-99.7%)
Philippines-$2.69M (-27.9%)
Djibouti-$979k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Singapore's main exporting competitors in Rapeseed Oil were:
Canada $5.22B
Russia $1.59B
Germany $1.47B
In 2023, Singapore's main importing competitors in Rapeseed Oil were:

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Trade Value of Rapeseed Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMalaysia+ $841k
TOP IMPORT POTENTIALGermany+ $368k

Rapeseed Oil’s highest export potential is Malaysia. With an export gap of $841k.   Rapeseed Oil’s highest import potential is Germany with an import gap of $368k.

See methodology.

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