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
Singapore’s economy has made significant progress towards normalization 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.
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.
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.
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.