2022
Exports
$50.6MWorld Rnk 36 / 135
Flag Rnk 311 / 1198
2022
PRODUCT COMPLEXITY IN Soybean Oil
-0.93Rnk 821 / 1025
2022
Imports
$34.3MWorld Rnk 66 / 215
Flag Rnk 547 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $50.6M in Soybean Oil, making it the 36th largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 311th most exported product in Singapore. The main destination of Soybean Oil exports from Singapore are: Mauritania ($20.4M), India ($11.2M), Angola ($4.87M), Fiji ($4.22M), and Zimbabwe ($3.96M).

The fastest growing export markets for Soybean Oil of Singapore between 2021 and 2022 were Zimbabwe ($3.96M), Mauritania ($3.88M), and Fiji ($3.06M).

Imports In 2022, Singapore imported $34.3M in Soybean Oil, becoming the 66th largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 547th most imported product in Singapore. Singapore imports Soybean Oil primarily from: Malaysia ($22.2M), Italy ($5.54M), China ($4.04M), Thailand ($986k), and Chinese Taipei ($620k).

The fastest growing import markets in Soybean Oil for Singapore between 2021 and 2022 were Malaysia ($6.5M), China ($760k), and Chinese Taipei ($315k).

Latest Trends

Oct 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 Soybean 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)$50.6M
IMPORTS (2022)$34.3M
NET TRADE (2022)$16.2M

In 2022, Singapore exported $50.6M in Soybean Oil. The main destinations of Singapore exports on Soybean Oil were Mauritania ($20.4M), India ($11.2M), Angola ($4.87M), Fiji ($4.22M), and Zimbabwe ($3.96M).

In 2022, Singapore imported $34.3M in Soybean Oil, mainly from Malaysia ($22.2M), Italy ($5.54M), China ($4.04M), Thailand ($986k), and Chinese Taipei ($620k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Oil EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Zimbabwe$3.96M (1%)
Mauritania$3.88M (23.4%)
Fiji$3.06M (263%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY Singapore WERE (2021 - 2022):
Angola-$11.3M (-70%)
Mozambique-$3.19M (-100%)
Papua New Guinea-$1.21M (-83%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Soybean Oil were:
In 2022, Singapore's main importing competitors in Soybean Oil were:

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Trade Value of Soybean Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $3.37M
TOP IMPORT POTENTIALThailand+ $725k

Soybean Oil’s highest export potential is India. With an export gap of $3.37M.   Soybean Oil’s highest import potential is Thailand with an import gap of $725k.

See methodology.

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