2022
Exports
$1.26BWorld Rnk 18 / 217
Flag Rnk 20 / 96
2022
PRODUCT COMPLEXITY IN Paints, dyes, & varnishes
1.08Rnk 144 / 1025
2022
Imports
$1.17BWorld Rnk 24 / 225
Flag Rnk 33 / 96
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $1.26B in Paints, dyes, & varnishes, making it the 18th largest exporter of Paints, dyes, & varnishes in the world. At the same year, Paints, dyes, & varnishes was the 20th most exported product in Singapore. The main destination of Paints, dyes, & varnishes exports from Singapore are: Bangladesh ($157M), China ($126M), India ($104M), Indonesia ($90.8M), and Malaysia ($89.3M).

The fastest growing export markets for Paints, dyes, & varnishes of Singapore between 2021 and 2022 were Netherlands ($74.4M), Czechia ($20.6M), and United States ($15.4M).

Imports In 2022, Singapore imported $1.17B in Paints, dyes, & varnishes, becoming the 24th largest importer of Paints, dyes, & varnishes in the world. At the same year, Paints, dyes, & varnishes was the 33rd most imported product in Singapore. Singapore imports Paints, dyes, & varnishes primarily from: Malaysia ($212M), United States ($179M), China ($153M), Japan ($123M), and Indonesia ($100M).

The fastest growing import markets in Paints, dyes, & varnishes for Singapore between 2021 and 2022 were Malaysia ($48.4M), United States ($28.4M), and Vietnam ($6.28M).

COMPANIES In 2023, leading companies such as HP Inc (12), Adidas (4), and Team Hardinger (3) were at the forefront of shipping Paints, dyes, & varnishes from Singapore to the United States.

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 Paints, dyes, & varnishes. 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)$1.26B
IMPORTS (2022)$1.17B
NET TRADE (2022)$96.8M

In 2022, Singapore exported $1.26B in Paints, dyes, & varnishes. The main destinations of Singapore exports on Paints, dyes, & varnishes were Bangladesh ($157M), China ($126M), India ($104M), Indonesia ($90.8M), and Malaysia ($89.3M).

In 2022, Singapore imported $1.17B in Paints, dyes, & varnishes, mainly from Malaysia ($212M), United States ($179M), China ($153M), Japan ($123M), and Indonesia ($100M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Paints, dyes, & varnishes EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Netherlands$74.4M (791%)
Czechia$20.6M (4.58k%)
United States$15.4M (25.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Paints, dyes, & varnishes BY Singapore WERE (2021 - 2022):
Germany-$216M (-92.3%)
Philippines-$34.8M (-48.8%)
Malaysia-$25.9M (-22.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Paints, dyes, & varnishes were:
In 2022, Singapore's main importing competitors in Paints, dyes, & varnishes were:

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Trade Value of Paints, dyes, & varnishes by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $28.8M
TOP IMPORT POTENTIALChina+ $33.4M

Paints, dyes, & varnishes’s highest export potential is China. With an export gap of $28.8M.   Paints, dyes, & varnishes’s highest import potential is China with an import gap of $33.4M.

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