2022
Exports
$13.3MWorld Rnk 47 / 179
Flag Rnk 520 / 1198
2022
PRODUCT COMPLEXITY IN Iron Cloth
-0.056Rnk 564 / 1025
2022
Imports
$60MWorld Rnk 36 / 221
Flag Rnk 425 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $13.3M in Iron Cloth, making it the 47th largest exporter of Iron Cloth in the world. At the same year, Iron Cloth was the 520th most exported product in Singapore. The main destination of Iron Cloth exports from Singapore are: Malaysia ($5.42M), Indonesia ($4.49M), Australia ($1.09M), Spain ($468k), and Thailand ($214k).

The fastest growing export markets for Iron Cloth of Singapore between 2021 and 2022 were Indonesia ($1.61M), Malaysia ($682k), and Spain ($468k).

Imports In 2022, Singapore imported $60M in Iron Cloth, becoming the 36th largest importer of Iron Cloth in the world. At the same year, Iron Cloth was the 425th most imported product in Singapore. Singapore imports Iron Cloth primarily from: China ($33.3M), Malaysia ($19.6M), Indonesia ($1.62M), Germany ($723k), and United States ($700k).

The fastest growing import markets in Iron Cloth for Singapore between 2021 and 2022 were China ($16.3M), Italy ($437k), and United Kingdom ($274k).

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 Iron Cloth. 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)$13.3M
IMPORTS (2022)$60M
NET TRADE (2022)-$46.8M

In 2022, Singapore exported $13.3M in Iron Cloth. The main destinations of Singapore exports on Iron Cloth were Malaysia ($5.42M), Indonesia ($4.49M), Australia ($1.09M), Spain ($468k), and Thailand ($214k).

In 2022, Singapore imported $60M in Iron Cloth, mainly from China ($33.3M), Malaysia ($19.6M), Indonesia ($1.62M), Germany ($723k), and United States ($700k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Cloth EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Indonesia$1.61M (56.1%)
Malaysia$682k (14.4%)
Spain$468k (310k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Cloth BY Singapore WERE (2021 - 2022):
Australia-$3.8M (-77.7%)
Brunei-$227k (-87%)
India-$163k (-60.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Iron Cloth were:
China $2.36B
Italy $728M
In 2022, Singapore's main importing competitors in Iron Cloth were:

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Trade Value of Iron Cloth by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $215k
TOP IMPORT POTENTIALChina+ $2.47M

Iron Cloth’s highest export potential is Indonesia. With an export gap of $215k.   Iron Cloth’s highest import potential is China with an import gap of $2.47M.

See methodology.

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