2023
Exports
$6.29BWorld Rnk 44 / 226
Flag Rnk 9 / 21
2023
PRODUCT COMPLEXITY IN Metals
1.83Rnk 12 / 1025
2023
Imports
$14.4BWorld Rnk 29 / 226
Flag Rnk 7 / 21
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $6.29B in Metals, making it the 44th largest exporter of Metals in the world. At the same year, Metals was the 9th most exported product in Singapore. The main destination of Metals exports from Singapore are: Malaysia ($1.4B), Indonesia ($602M), China ($595M), India ($335M), and United States ($277M).

The fastest growing export markets for Metals of Singapore between 2022 and 2023 were Malaysia ($333M), Bangladesh ($76.1M), and Australia ($52.9M).

Imports In 2023, Singapore imported $14.4B in Metals, becoming the 29th largest importer of Metals in the world. At the same year, Metals was the 7th most imported product in Singapore. Singapore imports Metals primarily from: China ($3.3B), Malaysia ($1.87B), Japan ($1.08B), United States ($851M), and India ($591M).

The fastest growing import markets in Metals for Singapore between 2022 and 2023 were Thailand ($242M), Spain ($168M), and Australia ($154M).

COMPANIES In 2024, leading companies such as SIGMA Corp (269), REI (Recreational Equipment Incorporated) (91), and Haas Automation (22) were at the forefront of shipping Metals from Singapore to the United States.

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 Metals. 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)$6.29B
IMPORTS (2023)$14.4B
NET TRADE (2023)-$8.14B

In 2023, Singapore exported $6.29B in Metals. The main destinations of Singapore exports on Metals were Malaysia ($1.4B), Indonesia ($602M), China ($595M), India ($335M), and United States ($277M).

In 2023, Singapore imported $14.4B in Metals, mainly from China ($3.3B), Malaysia ($1.87B), Japan ($1.08B), United States ($851M), and India ($591M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Metals EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
Malaysia$333M (31.2%)
Bangladesh$76.1M (66.7%)
Australia$52.9M (50.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metals BY Singapore WERE (2022 - 2023):
India-$779M (-69.9%)
Belgium-$232M (-97.5%)
Japan-$199M (-44.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Metals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $234M
TOP IMPORT POTENTIALChina+ $310M

Metals’s highest export potential is China. With an export gap of $234M.   Metals’s highest import potential is China with an import gap of $310M.

See methodology.

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