2022
Exports
$708MWorld Rnk 19 / 224
Flag Rnk 29 / 96
2022
PRODUCT COMPLEXITY IN Leather articles
-0.063Rnk 569 / 1025
2022
Imports
$2.74BWorld Rnk 10 / 225
Flag Rnk 19 / 96
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $708M in Leather articles, making it the 19th largest exporter of Leather articles in the world. At the same year, Leather articles was the 29th most exported product in Singapore. The main destination of Leather articles exports from Singapore are: Japan ($363M), Indonesia ($62M), Malaysia ($57.1M), Vietnam ($25.6M), and India ($25M).

The fastest growing export markets for Leather articles of Singapore between 2021 and 2022 were Japan ($109M), Indonesia ($21.8M), and Malaysia ($19.4M).

Imports In 2022, Singapore imported $2.74B in Leather articles, becoming the 10th largest importer of Leather articles in the world. At the same year, Leather articles was the 19th most imported product in Singapore. Singapore imports Leather articles primarily from: France ($1.44B), China ($858M), Italy ($135M), Spain ($41.9M), and Thailand ($40.6M).

The fastest growing import markets in Leather articles for Singapore between 2021 and 2022 were China ($540M), France ($375M), and Italy ($54.9M).

COMPANIES In 2023, leading companies such as Michael Kors (32), Fred Meyer (4), and Giorgio Armani (4) were at the forefront of shipping Leather articles from Singapore to the United States.

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 Leather articles. 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)$708M
IMPORTS (2022)$2.74B
NET TRADE (2022)-$2.03B

In 2022, Singapore exported $708M in Leather articles. The main destinations of Singapore exports on Leather articles were Japan ($363M), Indonesia ($62M), Malaysia ($57.1M), Vietnam ($25.6M), and India ($25M).

In 2022, Singapore imported $2.74B in Leather articles, mainly from France ($1.44B), China ($858M), Italy ($135M), Spain ($41.9M), and Thailand ($40.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Leather articles EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Japan$109M (42.9%)
Indonesia$21.8M (54.1%)
Malaysia$19.4M (51.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Leather articles BY Singapore WERE (2021 - 2022):
Australia-$8.45M (-32.2%)
South Korea-$3.9M (-78.4%)
Philippines-$3.87M (-15.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Leather articles were:
China $36.3B
France $12.5B
Italy $11.3B
In 2022, Singapore's main importing competitors in Leather articles were:

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Trade Value of Leather articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $16.5M
TOP IMPORT POTENTIALChina+ $93.1M

Leather articles’s highest export potential is China. With an export gap of $16.5M.   Leather articles’s highest import potential is China with an import gap of $93.1M.

See methodology.

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