2023
Exports
$3.46MWorld Rnk 65 / 198
Flag Rnk 684 / 1202
2023
PRODUCT COMPLEXITY IN Spices
-1.59Rnk 959 / 1025
2023
Imports
$47.2MWorld Rnk 20 / 224
Flag Rnk 448 / 1208
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $3.46M in Spices, making it the 65th largest exporter of Spices in the world. At the same year, Spices was the 684th most exported product in Singapore. The main destination of Spices exports from Singapore are: Malaysia ($685k), Hong Kong ($542k), Maldives ($216k), Australia ($193k), and Vietnam ($191k).

The fastest growing export markets for Spices of Singapore between 2022 and 2023 were Malaysia ($344k), Maldives ($123k), and Lebanon ($123k).

Imports In 2023, Singapore imported $47.2M in Spices, becoming the 20th largest importer of Spices in the world. At the same year, Spices was the 448th most imported product in Singapore. Singapore imports Spices primarily from: Malaysia ($17.8M), China ($10.7M), Thailand ($5.65M), India ($4.4M), and Indonesia ($1.51M).

The fastest growing import markets in Spices for Singapore between 2022 and 2023 were China ($4.67M), Thailand ($3.37M), and Malaysia ($2.24M).

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 Spices. 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)$3.46M
IMPORTS (2023)$47.2M
NET TRADE (2023)-$43.7M

In 2023, Singapore exported $3.46M in Spices. The main destinations of Singapore exports on Spices were Malaysia ($685k), Hong Kong ($542k), Maldives ($216k), Australia ($193k), and Vietnam ($191k).

In 2023, Singapore imported $47.2M in Spices, mainly from Malaysia ($17.8M), China ($10.7M), Thailand ($5.65M), India ($4.4M), and Indonesia ($1.51M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Spices EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
Malaysia$344k (101%)
Maldives$123k (133%)
Lebanon$123k (211%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spices BY Singapore WERE (2022 - 2023):
India-$688k (-100%)
China-$314k (-95.7%)
Hong Kong-$313k (-36.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Singapore's main exporting competitors in Spices were:
In 2023, Singapore's main importing competitors in Spices were:

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Trade Value of Spices by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMalaysia+ $258k
TOP IMPORT POTENTIALIndia+ $1.94M

Spices’s highest export potential is Malaysia. With an export gap of $258k.   Spices’s highest import potential is India with an import gap of $1.94M.

See methodology.

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