2022
Exports | Imports
$1.53B | $8.81MWorld Rnk 2 / 113
Flag Rnk 31 / 4400
World Rnk 105 / 191
Flag Rnk 1854 / 4490
2022
ECONOMIC COMPLEXITY of Singapore
1.53Rnk 5 / 124

About

Exports In 2022, Singapore exported $1.53B in Petroleum bitumen, making it the 2nd largest exporter of Petroleum bitumen in the world. At the same year, Petroleum bitumen was the 31st most exported product in Singapore. The main destination of Petroleum bitumen exports from Singapore are: China ($480M), Indonesia ($342M), Malaysia ($254M), Australia ($165M), and Vietnam ($161M).

The fastest growing export markets for Petroleum bitumen of Singapore between 2021 and 2022 were Indonesia ($112M), Malaysia ($83.7M), and Australia ($83.1M).

Imports In 2022, Singapore imported $8.81M in Petroleum bitumen, becoming the 105th largest importer of Petroleum bitumen in the world. At the same year, Petroleum bitumen was the 1854th most imported product in Singapore. Singapore imports Petroleum bitumen primarily from: Malaysia ($3.73M), South Korea ($2.6M), Turkey ($1.6M), Indonesia ($353k), and Italy ($196k).

The fastest growing import markets in Petroleum bitumen for Singapore between 2021 and 2022 were South Korea ($2.53M), Turkey ($1.6M), and Malaysia ($993k).

COMPANIES In 2023, leading companies such as ROBERT BOSCH TOOL CORPORATION (46.4k), ADIDAS INTERNATIONAL TRADING AG (41.3k), and GOODYEAR TIRE & RUBBER CO. (14.7k) were at the forefront of shipping Petroleum bitumen from Singapore to the United States.

Latest Trends

Feb 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 Petroleum bitumen. 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)$1.53B
IMPORTS (2022)$8.81M
NET TRADE (2022)$1.52B

In 2022, Singapore exported $1.53B in Petroleum bitumen. The main destinations of Singapore exports on Petroleum bitumen were China ($480M), Indonesia ($342M), Malaysia ($254M), Australia ($165M), and Vietnam ($161M).

In 2022, Singapore imported $8.81M in Petroleum bitumen, mainly from Malaysia ($3.73M), South Korea ($2.6M), Turkey ($1.6M), Indonesia ($353k), and Italy ($196k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum bitumen EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Indonesia$112M (48.8%)
Malaysia$83.7M (49.2%)
Australia$83.1M (101%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum bitumen BY Singapore WERE (2021 - 2022):
India-$9.9M (-100%)
Chinese Taipei-$5.89M (-93.5%)
Brunei-$1.57M (-87.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Petroleum bitumen were:
In 2022, Singapore's main importing competitors in Petroleum bitumen were:

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Trade Value of Petroleum bitumen by Exporters

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