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Exports In 2022, Singapore exported $2.06M in Nitric Acids, making it the 28th largest exporter of Nitric Acids in the world. At the same year, Nitric Acids was the 826th most exported product in Singapore. The main destination of Nitric Acids exports from Singapore are: Malaysia ($789k), Chinese Taipei ($695k), Philippines ($253k), Indonesia ($149k), and Vietnam ($70.2k).

The fastest growing export markets for Nitric Acids of Singapore between 2021 and 2022 were Malaysia ($500k), Chinese Taipei ($206k), and Philippines ($111k).

Imports In 2022, Singapore imported $7.4M in Nitric Acids, becoming the 21st largest importer of Nitric Acids in the world. At the same year, Nitric Acids was the 828th most imported product in Singapore. Singapore imports Nitric Acids primarily from: Chinese Taipei ($1.87M), Japan ($1.81M), South Korea ($1.66M), China ($834k), and Malaysia ($635k).

The fastest growing import markets in Nitric Acids for Singapore between 2021 and 2022 were Japan ($398k), China ($333k), and Belgium ($100k).

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 Nitric Acids. 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)$2.06M
IMPORTS (2022)$7.4M
NET TRADE (2022)-$5.34M

In 2022, Singapore exported $2.06M in Nitric Acids. The main destinations of Singapore exports on Nitric Acids were Malaysia ($789k), Chinese Taipei ($695k), Philippines ($253k), Indonesia ($149k), and Vietnam ($70.2k).

In 2022, Singapore imported $7.4M in Nitric Acids, mainly from Chinese Taipei ($1.87M), Japan ($1.81M), South Korea ($1.66M), China ($834k), and Malaysia ($635k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Nitric Acids EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Malaysia$500k (172%)
Chinese Taipei$206k (42.3%)
Philippines$111k (77.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nitric Acids BY Singapore WERE (2021 - 2022):
Indonesia-$161k (-52%)
Thailand-$48.9k (-99.7%)
Papua New Guinea-$36.9k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Nitric Acids were:
In 2022, Singapore's main importing competitors in Nitric Acids were:
Germany $83.3M
France $64.3M
Japan $47.6M

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Trade Value of Nitric Acids by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $29.2k
TOP IMPORT POTENTIALGermany+ $98.8k

Nitric Acids’s highest export potential is United States. With an export gap of $29.2k.   Nitric Acids’s highest import potential is Germany with an import gap of $98.8k.

See methodology.

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