2023
Exports
$59.2BWorld Rnk 17 / 224
Flag Rnk 2 / 21
2023
PRODUCT COMPLEXITY IN Mineral Products
0.38Rnk 423 / 1025
2023
Imports
$96BWorld Rnk 9 / 226
Flag Rnk 2 / 21
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $59.2B in Mineral Products, making it the 17th largest exporter of Mineral Products in the world. At the same year, Mineral Products was the 2nd most exported product in Singapore. The main destination of Mineral Products exports from Singapore are: Indonesia ($9.8B), Malaysia ($9.32B), Australia ($8.42B), Burma ($3.25B), and New Zealand ($2.34B).

The fastest growing export markets for Mineral Products of Singapore between 2022 and 2023 were South Korea ($1.12B), Vietnam ($569M), and Thailand ($532M).

Imports In 2023, Singapore imported $96B in Mineral Products, becoming the 9th largest importer of Mineral Products in the world. At the same year, Mineral Products was the 2nd most imported product in Singapore. Singapore imports Mineral Products primarily from: United Arab Emirates ($10.6B), Malaysia ($10.5B), United States ($8.9B), China ($7.17B), and India ($5.42B).

The fastest growing import markets in Mineral Products for Singapore between 2022 and 2023 were Russia ($2.04B), India ($1.73B), and Guyana ($1.64B).

COMPANIES In 2024, leading companies such as Panasonic (22), Team Hardinger (3), and Motorola (2) were at the forefront of shipping Mineral Products 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 Mineral Products. 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)$59.2B
IMPORTS (2023)$96B
NET TRADE (2023)-$36.8B

In 2023, Singapore exported $59.2B in Mineral Products. The main destinations of Singapore exports on Mineral Products were Indonesia ($9.8B), Malaysia ($9.32B), Australia ($8.42B), Burma ($3.25B), and New Zealand ($2.34B).

In 2023, Singapore imported $96B in Mineral Products, mainly from United Arab Emirates ($10.6B), Malaysia ($10.5B), United States ($8.9B), China ($7.17B), and India ($5.42B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Mineral Products EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
South Korea$1.12B (169%)
Vietnam$569M (32.7%)
Thailand$532M (52.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral Products BY Singapore WERE (2022 - 2023):
India-$4.07B (-83.5%)
Australia-$2.3B (-21.5%)
Malaysia-$1.67B (-15.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Mineral Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $955M
TOP IMPORT POTENTIALIndia+ $1.98B

Mineral Products’s highest export potential is China. With an export gap of $955M.   Mineral Products’s highest import potential is India with an import gap of $1.98B.

See methodology.

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