5 Countries That Produce the Best Cosmetics in the World

3. Republic of Singapore

Cosmetics Exports in 2021: $6.6 billion

The Republic of Singapore is an Asian island nation with the second highest GDP per capita in the world which sits at a whopping $131,580. Due to the country’s small size, its cosmetics industry is worth only $1.1 billion and is expected to grow by 1.51% until 2027. However, Singapore is a strong cosmetics exporter, with its exports standing at $6.6 billion in 2021. The country’s largest publicly traded cosmetics company is Best World International Limited (SGX:CGN.SI) which is worth $775 million Singaporean dollars (SGD) on the stock market.