2023
Exports
$404MWorld Rnk 12 / 188
Flag Rnk 87 / 1202
2023
PRODUCT COMPLEXITY IN Wine
-1.07Rnk 849 / 1025
2023
Imports
$949MWorld Rnk 12 / 226
Flag Rnk 53 / 1208
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $404M in Wine, making it the 12th largest exporter of Wine in the world. At the same year, Wine was the 87th most exported product in Singapore. The main destination of Wine exports from Singapore are: Japan ($256M), Hong Kong ($61.5M), China ($20.8M), Chinese Taipei ($16.8M), and New Zealand ($10.3M).

The fastest growing export markets for Wine of Singapore between 2022 and 2023 were Japan ($20.5M), Thailand ($7.36M), and South Korea ($3.87M).

Imports In 2023, Singapore imported $949M in Wine, becoming the 12th largest importer of Wine in the world. At the same year, Wine was the 53rd most imported product in Singapore. Singapore imports Wine primarily from: France ($656M), Australia ($78.1M), Hong Kong ($69.9M), United States ($31.6M), and Italy ($29.7M).

The fastest growing import markets in Wine for Singapore between 2022 and 2023 were France ($77.1M), Hong Kong ($64.8M), and United States ($9.55M).

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 Wine. 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)$404M
IMPORTS (2023)$949M
NET TRADE (2023)-$544M

In 2023, Singapore exported $404M in Wine. The main destinations of Singapore exports on Wine were Japan ($256M), Hong Kong ($61.5M), China ($20.8M), Chinese Taipei ($16.8M), and New Zealand ($10.3M).

In 2023, Singapore imported $949M in Wine, mainly from France ($656M), Australia ($78.1M), Hong Kong ($69.9M), United States ($31.6M), and Italy ($29.7M).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Wine EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
Japan$20.5M (8.7%)
Thailand$7.36M (4.54k%)
South Korea$3.87M (181%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wine BY Singapore WERE (2022 - 2023):
Hong Kong-$12.9M (-17.3%)
China-$10.3M (-33.1%)
Macau-$9.77M (-70.6%)

Change in Exports by Market (undefined - undefined)

Market Concentration

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Flow
Type
In 2023, Singapore's main exporting competitors in Wine were:
France $13.6B
Italy $8.73B
Spain $3.78B
In 2023, Singapore's main importing competitors in Wine were:

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Trade Value of Wine by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $10.5M
TOP IMPORT POTENTIALItaly+ $12.1M

Wine’s highest export potential is China. With an export gap of $10.5M.   Wine’s highest import potential is Italy with an import gap of $12.1M.

See methodology.

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