U.S. Trade with Singapore in 2022
Top 10 Exports to Singapore in 2022
|Commodity||Total Value (USD)||Total Volume (Metric Tons)||10-Year Average Value (USD)||10-Year Growth|
|Vegetable Oils (excl. soybean)||$323.01 Million||207,676||$120.64 Million||1127%|
|Animal Fats||$162.95 Million||109,408||$107.07 Million||60649%|
|Ethanol (non-bev.)||$122.57 Million||---||$25.82 Million||1924%|
|Dairy Products||$115.86 Million||35,597||$80.74 Million||27%|
|Food Preparations||$75.7 Million||4,162||$65.84 Million||-3%|
|Other Intermediate Products||$57.19 Million||21,690||$42.88 Million||100%|
|Essential Oils||$54.18 Million||2,365||$55.36 Million||85%|
|Beef & Beef Products||$49.64 Million||4,423||$27.58 Million||207%|
|Processed Vegetables||$46.8 Million||27,473||$43.92 Million||-1%|
|Dextrins, Peptones, & Proteins||$37.03 Million||4,501||$28.52 Million||53%|
Data and Analysis
Attaché Report (GAIN)
Singapore: Agricultural Biotechnology Annual
Singapore does not have any domestic commercial production of plant biotechnology. The Singapore Food Agency website lists 106 genetically engineered (GE) crops approved for use as food for direct consumption, ingredients, and further processing into ingredients for other food in the country.
Attaché Report (GAIN)
Singapore: Food Service - Hotel Restaurant Institutional
Singapore’s hotel, restaurant, and institutional (HRI) sector is vibrant and highly competitive with sales in 2022 totaling $9 billion USD. It is highly diverse with a broad range of Asian and Western cuisines widely available. The industry should return to normalcy in 2024.
International Agricultural Trade Report
Opportunities for U.S. Agricultural Products in Singapore
Singapore imports more than 90 percent of its food and has a diverse, competitive array of trading partners. The United States and Singapore have a long-standing free trade agreement (FTA), and Singapore is a well-developed market for high-quality food and agricultural products.
News and Features
Looking to increase U.S. exporter presence in Southeast Asian markets, a U.S. Department of Agriculture delegation, led by USDA Under Secretary for Trade and Foreign Agricultural Affairs Alexis Taylor, expanded existing trade ties in Malaysia and Singapore earlier this month.
Leaders from three state agriculture departments and 29 U.S. agribusinesses and organizations will accompany U.S. Department of Agriculture Under Secretary Alexis M. Taylor on a trade mission to Southeast Asia October 30 – November 3 to expand export opportunities for U.S. food and farm products to the Association of Southeast Asian Nations (ASEAN), the world’s fourth-largest market.
The U.S. Department of Agriculture (USDA) is accepting applications from U.S. exporters for a two-country agricultural trade mission to Kuala Lumpur, Malaysia and Singapore on Oct. 30 – Nov. 3, 2023.