In 2017, Singapore was identified as the world's second-largest trader of shark fins after Hong Kong. Between 2012 and 2013, Singapore exported $40 million worth of shark fins and imported $51.4 million worth of fins. In February, 89 Singapore-based establishments committed to phasing out shark fin in 2018. These include brands such as Crystal Jade, Pan Pacific Hotels, AccorHotels and Foodpanda, whose policy applies across its 3,800 partner restaurants