2022
Exports
$55.6MWorld Rnk 40 / 126
Flag Rnk 298 / 1198
2022
PRODUCT COMPLEXITY IN Hot-Rolled Iron Bars
-0.34Rnk 659 / 1025
2022
Imports
$238MWorld Rnk 26 / 210
Flag Rnk 184 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $55.6M in Hot-Rolled Iron Bars, making it the 40th largest exporter of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 298th most exported product in Singapore. The main destination of Hot-Rolled Iron Bars exports from Singapore are: Malaysia ($20.2M), Australia ($10.3M), Hong Kong ($5.82M), Brunei ($5.57M), and Israel ($4.41M).

The fastest growing export markets for Hot-Rolled Iron Bars of Singapore between 2021 and 2022 were Brunei ($2.97M), Israel ($2.53M), and Hong Kong ($2.45M).

Imports In 2022, Singapore imported $238M in Hot-Rolled Iron Bars, becoming the 26th largest importer of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 184th most imported product in Singapore. Singapore imports Hot-Rolled Iron Bars primarily from: Malaysia ($73.6M), Turkey ($49.9M), Vietnam ($30.8M), Indonesia ($27M), and India ($21.6M).

The fastest growing import markets in Hot-Rolled Iron Bars for Singapore between 2021 and 2022 were Malaysia ($58.3M), Turkey ($47.8M), and Vietnam ($30.5M).

Latest Trends

Jul 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 Hot-Rolled Iron Bars. 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 (2022)$55.6M
IMPORTS (2022)$238M
NET TRADE (2022)-$183M

In 2022, Singapore exported $55.6M in Hot-Rolled Iron Bars. The main destinations of Singapore exports on Hot-Rolled Iron Bars were Malaysia ($20.2M), Australia ($10.3M), Hong Kong ($5.82M), Brunei ($5.57M), and Israel ($4.41M).

In 2022, Singapore imported $238M in Hot-Rolled Iron Bars, mainly from Malaysia ($73.6M), Turkey ($49.9M), Vietnam ($30.8M), Indonesia ($27M), and India ($21.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Iron Bars EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Brunei$2.97M (114%)
Israel$2.53M (134%)
Hong Kong$2.45M (72.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron Bars BY Singapore WERE (2021 - 2022):
Australia-$30.7M (-74.8%)
Malaysia-$6.57M (-24.6%)
Thailand-$4.23M (-99.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Hot-Rolled Iron Bars were:
Germany $1.64B
China $1.62B
In 2022, Singapore's main importing competitors in Hot-Rolled Iron Bars were:

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Trade Value of Hot-Rolled Iron Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $742k
TOP IMPORT POTENTIALMalaysia+ $12.3M

Hot-Rolled Iron Bars’s highest export potential is Indonesia. With an export gap of $742k.   Hot-Rolled Iron Bars’s highest import potential is Malaysia with an import gap of $12.3M.

See methodology.

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