2023
Exports
$39.2MWorld Rnk 40 / 127
Flag Rnk 316 / 1202
2023
PRODUCT COMPLEXITY IN Iron Ore
-1.87Rnk 987 / 1025
2023
Imports
$84.8MWorld Rnk 41 / 125
Flag Rnk 323 / 1208
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $39.2M in Iron Ore, making it the 40th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 316th most exported product in Singapore. The main destination of Iron Ore exports from Singapore are: Netherlands ($39M), Malaysia ($144k), Spain ($52.6k), and Indonesia ($7.28k).

The fastest growing export markets for Iron Ore of Singapore between 2022 and 2023 were Netherlands ($39M), Spain ($52.6k), and Indonesia ($6.42k).

Imports In 2023, Singapore imported $84.8M in Iron Ore, becoming the 41st largest importer of Iron Ore in the world. At the same year, Iron Ore was the 323rd most imported product in Singapore. Singapore imports Iron Ore primarily from: South Africa ($41.6M), Sweden ($32.7M), Brazil ($7.98M), Mauritania ($2.55M), and China ($2.9k).

The fastest growing import markets in Iron Ore for Singapore between 2022 and 2023 were South Africa ($37.9M), Sweden ($7.24M), and Brazil ($3.95M).

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 Iron Ore. 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)$39.2M
IMPORTS (2023)$84.8M
NET TRADE (2023)-$45.7M

In 2023, Singapore exported $39.2M in Iron Ore. The main destinations of Singapore exports on Iron Ore were Netherlands ($39M), Malaysia ($144k), Spain ($52.6k), and Indonesia ($7.28k).

In 2023, Singapore imported $84.8M in Iron Ore, mainly from South Africa ($41.6M), Sweden ($32.7M), Brazil ($7.98M), Mauritania ($2.55M), and China ($2.9k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
Netherlands$39M (13.2M%)
Spain$52.6k (1%)
Indonesia$6.42k (744%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Singapore WERE (2022 - 2023):
Malaysia-$14.4M (-99%)
United Kingdom-$5.48k (-100%)
India-$3.34k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMalaysia+ $1.66M
TOP IMPORT POTENTIALBrazil+ $6.35M

Iron Ore’s highest export potential is Malaysia. With an export gap of $1.66M.   Iron Ore’s highest import potential is Brazil with an import gap of $6.35M.

See methodology.

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