Edible oil · importers
Singapore ranks fourteenth of 96 at $2.4B in the fats and oils chapter, and for a city-state of its size the figure mostly reflects trading and storage.
| Market | HS 15 imports |
|---|---|
| United States | $17.2B |
| India | $16.8B |
| China | $12.6B |
| Netherlands | $8.6B |
| Italy | $7.0B |
Figures are for the whole of HS chapter 15 (animal or vegetable fats and oils). Source: UN Comtrade, as reported by national authorities; latest available year per market.
Singapore’s resident population is small, so $2.4B of fats and oils cannot be domestic consumption alone. The port is a major hub for regional commodity trading, with tank storage, blending and re-export to neighbouring markets. Recorded imports reflect goods passing through and being traded on. The chapter is 0.5% of its $457.5B imports and ranks 18th among its import chapters.
For a seller, that means many buyers are traders and merchants with regional customers.
Canada is above at $2.6B and Malaysia below at the same rounded $2.4B. Singapore’s 1.6% share of reported world imports is tied with Malaysia’s. China, the USA, Malaysia and the Republic of Korea lead its overall source list, which covers all goods.
A trading house needs flexibility on parcel size, fast documentation and clear title. Ask about tank availability, blending and the destinations the oil will reach next, since each market may impose its own quality or labelling rules. Confirm current import and food-safety conditions with the authorities.
Payment security and credit lines matter as much as price in a market of this kind. Traders often work on thin margins and quick turns, so they value a supplier who can load promptly, supply complete documents on time and respond fast when a cargo needs to be redirected to a different destination.
Chapter 15 includes animal fats, and hub economies see heavy re-export, so the $2.4B is a throughput number.
Shipment records for the oil headings list consignees and weights. Agree Incoterm, currency and port with the buyer, then contact the companies you shortlist through this site’s free marketplace.
Fourteenth of 96 markets at $2.4B in 2024, a 1.6% share of reported world imports.
Because it is a trading and storage hub; much of what enters is re-exported.
Flexibility on parcel size, fast documents, clear title and secure payment terms.
Search oil-heading shipment records by consignee and cargo weight.
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