2022
Exports
$138MWorld Rnk 24 / 202
Flag Rnk 196 / 1198
2022
PRODUCT COMPLEXITY IN Sauces and Seasonings
-0.62Rnk 736 / 1025
2022
Imports
$164MWorld Rnk 29 / 225
Flag Rnk 231 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $138M in Sauces and Seasonings, making it the 24th largest exporter of Sauces and Seasonings in the world. At the same year, Sauces and Seasonings was the 196th most exported product in Singapore. The main destination of Sauces and Seasonings exports from Singapore are: Australia ($16.3M), Thailand ($14.4M), Malaysia ($13.9M), China ($12M), and Indonesia ($10.9M).

The fastest growing export markets for Sauces and Seasonings of Singapore between 2021 and 2022 were Bangladesh ($1.84M), Vietnam ($1.44M), and United Arab Emirates ($1.32M).

Imports In 2022, Singapore imported $164M in Sauces and Seasonings, becoming the 29th largest importer of Sauces and Seasonings in the world. At the same year, Sauces and Seasonings was the 231st most imported product in Singapore. Singapore imports Sauces and Seasonings primarily from: Malaysia ($60.7M), China ($21.1M), Thailand ($17.4M), Japan ($15.7M), and South Korea ($10.3M).

The fastest growing import markets in Sauces and Seasonings for Singapore between 2021 and 2022 were Thailand ($2.36M), Malaysia ($936k), and United States ($558k).

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 Sauces and Seasonings. 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)$138M
IMPORTS (2022)$164M
NET TRADE (2022)-$26.7M

In 2022, Singapore exported $138M in Sauces and Seasonings. The main destinations of Singapore exports on Sauces and Seasonings were Australia ($16.3M), Thailand ($14.4M), Malaysia ($13.9M), China ($12M), and Indonesia ($10.9M).

In 2022, Singapore imported $164M in Sauces and Seasonings, mainly from Malaysia ($60.7M), China ($21.1M), Thailand ($17.4M), Japan ($15.7M), and South Korea ($10.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Sauces and Seasonings EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Bangladesh$1.84M (28.9%)
Vietnam$1.44M (19.2%)
United Arab Emirates$1.32M (73.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sauces and Seasonings BY Singapore WERE (2021 - 2022):
Netherlands-$4.09M (-71.2%)
Indonesia-$2.67M (-19.6%)
China-$1.67M (-12.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Sauces and Seasonings were:
In 2022, Singapore's main importing competitors in Sauces and Seasonings were:

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Trade Value of Sauces and Seasonings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.74M
TOP IMPORT POTENTIALChina+ $6.88M

Sauces and Seasonings’s highest export potential is United States. With an export gap of $3.74M.   Sauces and Seasonings’s highest import potential is China with an import gap of $6.88M.

See methodology.

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