2023
Exports
$10.1BWorld Rnk 15 / 167
Flag Rnk 5 / 1202
2023
PRODUCT COMPLEXITY IN Gold
-2.5Rnk 1019 / 1025
2023
Imports
$13.4BWorld Rnk 9 / 174
Flag Rnk 4 / 1208
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $10.1B in Gold, making it the 15th largest exporter of Gold in the world. At the same year, Gold was the 5th most exported product in Singapore. The main destination of Gold exports from Singapore are: China ($3.27B), Hong Kong ($1.95B), Malaysia ($1.3B), Cambodia ($917M), and Thailand ($770M).

The fastest growing export markets for Gold of Singapore between 2022 and 2023 were China ($1.87B), Hong Kong ($1.67B), and Switzerland ($186M).

Imports In 2023, Singapore imported $13.4B in Gold, becoming the 9th largest importer of Gold in the world. At the same year, Gold was the 4th most imported product in Singapore. Singapore imports Gold primarily from: Switzerland ($2.93B), Thailand ($2.48B), Japan ($2.03B), Australia ($1.86B), and United Arab Emirates ($764M).

The fastest growing import markets in Gold for Singapore between 2022 and 2023 were Thailand ($1.3B), Cambodia ($692M), and Malaysia ($335M).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Gold. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$10.1B
IMPORTS (2023)$13.4B
NET TRADE (2023)-$3.33B

In 2023, Singapore exported $10.1B in Gold. The main destinations of Singapore exports on Gold were China ($3.27B), Hong Kong ($1.95B), Malaysia ($1.3B), Cambodia ($917M), and Thailand ($770M).

In 2023, Singapore imported $13.4B in Gold, mainly from Switzerland ($2.93B), Thailand ($2.48B), Japan ($2.03B), Australia ($1.86B), and United Arab Emirates ($764M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Gold EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
China$1.87B (133%)
Hong Kong$1.67B (604%)
Switzerland$186M (43.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gold BY Singapore WERE (2022 - 2023):
Cambodia-$7.66B (-89.3%)
Malaysia-$491M (-27.4%)
Indonesia-$455M (-65.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Singapore's main exporting competitors in Gold were:
In 2023, Singapore's main importing competitors in Gold were:

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Trade Value of Gold by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $590M
TOP IMPORT POTENTIALSouth Africa+ $207M

Gold’s highest export potential is China. With an export gap of $590M.   Gold’s highest import potential is South Africa with an import gap of $207M.

See methodology.

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