2022
Exports
$29.3MWorld Rnk 36 / 156
Flag Rnk 398 / 1198
2022
PRODUCT COMPLEXITY IN Iron Wire
-0.35Rnk 661 / 1025
2022
Imports
$37.6MWorld Rnk 56 / 216
Flag Rnk 527 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $29.3M in Iron Wire, making it the 36th largest exporter of Iron Wire in the world. At the same year, Iron Wire was the 398th most exported product in Singapore. The main destination of Iron Wire exports from Singapore are: Malaysia ($13.2M), Australia ($9.47M), Indonesia ($3.44M), New Zealand ($1.57M), and Thailand ($335k).

The fastest growing export markets for Iron Wire of Singapore between 2021 and 2022 were Malaysia ($5.18M), Indonesia ($644k), and New Zealand ($598k).

Imports In 2022, Singapore imported $37.6M in Iron Wire, becoming the 56th largest importer of Iron Wire in the world. At the same year, Iron Wire was the 527th most imported product in Singapore. Singapore imports Iron Wire primarily from: China ($18.5M), Malaysia ($7.84M), Thailand ($2.62M), Japan ($2.39M), and South Korea ($1.85M).

The fastest growing import markets in Iron Wire for Singapore between 2021 and 2022 were China ($4.58M), Malaysia ($3.8M), and France ($649k).

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 Wire. 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)$29.3M
IMPORTS (2022)$37.6M
NET TRADE (2022)-$8.34M

In 2022, Singapore exported $29.3M in Iron Wire. The main destinations of Singapore exports on Iron Wire were Malaysia ($13.2M), Australia ($9.47M), Indonesia ($3.44M), New Zealand ($1.57M), and Thailand ($335k).

In 2022, Singapore imported $37.6M in Iron Wire, mainly from China ($18.5M), Malaysia ($7.84M), Thailand ($2.62M), Japan ($2.39M), and South Korea ($1.85M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Wire EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Malaysia$5.18M (64.8%)
Indonesia$644k (23%)
New Zealand$598k (61.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Wire BY Singapore WERE (2021 - 2022):
Australia-$17.3M (-64.7%)
Peru-$807k (-100%)
Nigeria-$278k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Iron Wire were:
In 2022, Singapore's main importing competitors in Iron Wire were:

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Trade Value of Iron Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $531k
TOP IMPORT POTENTIALChina+ $4.54M

Iron Wire’s highest export potential is Indonesia. With an export gap of $531k.   Iron Wire’s highest import potential is China with an import gap of $4.54M.

See methodology.

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