2023
Exports
$4.72MWorld Rnk 78 / 190
Flag Rnk 640 / 1202
2023
PRODUCT COMPLEXITY IN Packing Bags
-1.73Rnk 976 / 1025
2023
Imports
$31.6MWorld Rnk 34 / 222
Flag Rnk 529 / 1208
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $4.72M in Packing Bags, making it the 78th largest exporter of Packing Bags in the world. At the same year, Packing Bags was the 640th most exported product in Singapore. The main destination of Packing Bags exports from Singapore are: South Korea ($878k), Malaysia ($844k), United States ($528k), Chinese Taipei ($349k), and Netherlands ($296k).

The fastest growing export markets for Packing Bags of Singapore between 2022 and 2023 were South Korea ($818k), Malaysia ($669k), and Netherlands ($294k).

Imports In 2023, Singapore imported $31.6M in Packing Bags, becoming the 34th largest importer of Packing Bags in the world. At the same year, Packing Bags was the 529th most imported product in Singapore. Singapore imports Packing Bags primarily from: China ($10.8M), Vietnam ($10.1M), India ($2.17M), Malaysia ($1.99M), and Indonesia ($1.76M).

The fastest growing import markets in Packing Bags for Singapore between 2022 and 2023 were Vietnam ($966k), Japan ($492k), and Belgium ($433k).

COMPANIES In 2024, leading companies such as REI (Recreational Equipment Incorporated) (2) were at the forefront of shipping Packing Bags from Singapore to the United States.

Latest Trends

Jan 2025

Subnational Monthly Trade

View
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 Packing Bags. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$4.72M
IMPORTS (2023)$31.6M
NET TRADE (2023)-$26.9M

In 2023, Singapore exported $4.72M in Packing Bags. The main destinations of Singapore exports on Packing Bags were South Korea ($878k), Malaysia ($844k), United States ($528k), Chinese Taipei ($349k), and Netherlands ($296k).

In 2023, Singapore imported $31.6M in Packing Bags, mainly from China ($10.8M), Vietnam ($10.1M), India ($2.17M), Malaysia ($1.99M), and Indonesia ($1.76M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packing Bags EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
South Korea$818k (1.38k%)
Malaysia$669k (381%)
Netherlands$294k (16.1k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packing Bags BY Singapore WERE (2022 - 2023):
Saudi Arabia-$91.9k (-99.2%)
Indonesia-$88k (-40.3%)
Pakistan-$63.9k (-87.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Singapore's main exporting competitors in Packing Bags were:
China $1.42B
India $1.14B
In 2023, Singapore's main importing competitors in Packing Bags were:

Explore Visualizations

Trade Value of Packing Bags by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $302k
TOP IMPORT POTENTIALIndia+ $2.38M

Packing Bags’s highest export potential is United States. With an export gap of $302k.   Packing Bags’s highest import potential is India with an import gap of $2.38M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with