2022
Exports
$10.4MWorld Rnk 40 / 148
Flag Rnk 565 / 1198
2022
PRODUCT COMPLEXITY IN Other Iron Bars
-0.18Rnk 608 / 1025
2022
Imports
$156MWorld Rnk 4 / 213
Flag Rnk 243 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $10.4M in Other Iron Bars, making it the 40th largest exporter of Other Iron Bars in the world. At the same year, Other Iron Bars was the 565th most exported product in Singapore. The main destination of Other Iron Bars exports from Singapore are: Malaysia ($3.93M), Australia ($2.06M), Mauritius ($1.94M), Brunei ($1.21M), and Indonesia ($878k).

The fastest growing export markets for Other Iron Bars of Singapore between 2021 and 2022 were Brunei ($789k), Mauritius ($728k), and Malaysia ($576k).

Imports In 2022, Singapore imported $156M in Other Iron Bars, becoming the 4th largest importer of Other Iron Bars in the world. At the same year, Other Iron Bars was the 243rd most imported product in Singapore. Singapore imports Other Iron Bars primarily from: Vietnam ($44.7M), Oman ($37.2M), Turkey ($25.1M), Qatar ($18.6M), and United Arab Emirates ($13M).

The fastest growing import markets in Other Iron Bars for Singapore between 2021 and 2022 were Vietnam ($44.7M), Oman ($14.8M), and United Arab Emirates ($7.53M).

Latest Trends

Sep 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 Other Iron Bars. 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)$10.4M
IMPORTS (2022)$156M
NET TRADE (2022)-$145M

In 2022, Singapore exported $10.4M in Other Iron Bars. The main destinations of Singapore exports on Other Iron Bars were Malaysia ($3.93M), Australia ($2.06M), Mauritius ($1.94M), Brunei ($1.21M), and Indonesia ($878k).

In 2022, Singapore imported $156M in Other Iron Bars, mainly from Vietnam ($44.7M), Oman ($37.2M), Turkey ($25.1M), Qatar ($18.6M), and United Arab Emirates ($13M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Iron Bars EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Brunei$789k (188%)
Mauritius$728k (59.9%)
Malaysia$576k (17.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Iron Bars BY Singapore WERE (2021 - 2022):
Indonesia-$2.4M (-73.2%)
Australia-$1.15M (-35.8%)
China-$138k (-92.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Other Iron Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $210k
TOP IMPORT POTENTIALChina+ $1.9M

Other Iron Bars’s highest export potential is United States. With an export gap of $210k.   Other Iron Bars’s highest import potential is China with an import gap of $1.9M.

See methodology.

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