Singapore
U.S. Trade with Singapore in 2023
Export Market Rank
#25 Among U.S. Agricultural Export Markets
Total Export Value
$920.2 Million
3-Year Average
$1.24 Billion
Compound Average Growth
0.88% (2014-2023)
Total Export Value 2014 - 2023
Export Value by Commodity 2023
Top 10 Exports to Singapore in 2023
| Commodity | Total Value (USD) | Total Volume (Metric Tons) | 10-Year Average Value (USD) | 10-Year Growth |
|---|---|---|---|---|
| Vegetable Oils (excl. soybean) | $149.53 Million | 86,600 | $133.13 Million | 501% |
| Dairy Products | $85.51 Million | 30,001 | $80.17 Million | -14% |
| Food Preparations | $70.96 Million | 3,387 | $65.14 Million | 5% |
| Other Intermediate Products | $54.17 Million | 22,277 | $45.46 Million | 117% |
| Essential Oils | $53.7 Million | 2,110 | $57.8 Million | 48% |
| Beef & Beef Products | $38.46 Million | 4,173 | $29.81 Million | 130% |
| Animal Fats | $37.87 Million | 22,259 | $110.16 Million | 927% |
| Fresh Fruit | $35.08 Million | 13,481 | $43.14 Million | -45% |
| Chocolate & Cocoa Products | $33.47 Million | 4,475 | $26.91 Million | 6% |
| Processed Vegetables | $33 Million | 19,269 | $42.51 Million | -26% |
Resources
U.S.-Singapore Free Trade Agreement
Exporting
Data and Analysis
The retail food sector is highly competitive in Singapore with no single country holding over 16 percent of the consumer-oriented products market share. Singapore’s economy is beginning to slow due to cost-of-living, inflation, and supply chain challenges.
Singapore’s economy has rebounded post COVID-19 pandemic. The city-state is heavily reliant on imports of food and energy, the food and beverage industry are largely driven by international tourism and consumer spending.
The report discussed food and agricultural export product certificate required by the Singapore Government.
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.