2022
Exports
$5.36MWorld Rnk 56 / 194
Flag Rnk 678 / 1198
2022
PRODUCT COMPLEXITY IN Spices
-1.63Rnk 964 / 1025
2022
Imports
$32MWorld Rnk 23 / 223
Flag Rnk 565 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $5.36M in Spices, making it the 56th largest exporter of Spices in the world. At the same year, Spices was the 678th most exported product in Singapore. The main destination of Spices exports from Singapore are: Hong Kong ($910k), Philippines ($594k), India ($535k), Malaysia ($499k), and China ($329k).

The fastest growing export markets for Spices of Singapore between 2021 and 2022 were Philippines ($227k), United Kingdom ($126k), and Brazil ($123k).

Imports In 2022, Singapore imported $32M in Spices, becoming the 23rd largest importer of Spices in the world. At the same year, Spices was the 565th most imported product in Singapore. Singapore imports Spices primarily from: Malaysia ($14.5M), China ($5.95M), India ($2.74M), Thailand ($2.11M), and Australia ($1.13M).

The fastest growing import markets in Spices for Singapore between 2021 and 2022 were Malaysia ($799k), United States ($210k), and Portugal ($206k).

Latest Trends

Mar 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 (2022)$5.36M
IMPORTS (2022)$32M
NET TRADE (2022)-$26.6M

In 2022, Singapore exported $5.36M in Spices. The main destinations of Singapore exports on Spices were Hong Kong ($910k), Philippines ($594k), India ($535k), Malaysia ($499k), and China ($329k).

In 2022, Singapore imported $32M in Spices, mainly from Malaysia ($14.5M), China ($5.95M), India ($2.74M), Thailand ($2.11M), and Australia ($1.13M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Spices EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Philippines$227k (62%)
United Kingdom$126k (130%)
Brazil$123k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spices BY Singapore WERE (2021 - 2022):
Bangladesh-$1.21M (-95.4%)
Maldives-$203k (-53.9%)
Fiji-$125k (-56.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Spices by Exporters

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