2023
Exports
$503MWorld Rnk 50 / 163
Flag Rnk 74 / 1202
2023
PRODUCT COMPLEXITY IN Petroleum Gas
-2.01Rnk 998 / 1025
2023
Imports
$5.75BWorld Rnk 19 / 220
Flag Rnk 11 / 1208
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $503M in Petroleum Gas, making it the 50th largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 74th most exported product in Singapore. The main destination of Petroleum Gas exports from Singapore are: Thailand ($251M), South Korea ($86.3M), Tanzania ($53.8M), Jordan ($33.6M), and Indonesia ($19.7M).

The fastest growing export markets for Petroleum Gas of Singapore between 2022 and 2023 were Thailand ($251M), South Korea ($78.3M), and Tanzania ($53.8M).

Imports In 2023, Singapore imported $5.75B in Petroleum Gas, becoming the 19th largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 11th most imported product in Singapore. Singapore imports Petroleum Gas primarily from: Indonesia ($1.86B), Australia ($1.72B), Malaysia ($809M), Qatar ($609M), and United States ($318M).

The fastest growing import markets in Petroleum Gas for Singapore between 2022 and 2023 were Qatar ($366M), Saudi Arabia ($102M), and Equatorial Guinea ($48M).

Latest Trends

Dec 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 Gas. 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 (2023)$503M
IMPORTS (2023)$5.75B
NET TRADE (2023)-$5.25B

In 2023, Singapore exported $503M in Petroleum Gas. The main destinations of Singapore exports on Petroleum Gas were Thailand ($251M), South Korea ($86.3M), Tanzania ($53.8M), Jordan ($33.6M), and Indonesia ($19.7M).

In 2023, Singapore imported $5.75B in Petroleum Gas, mainly from Indonesia ($1.86B), Australia ($1.72B), Malaysia ($809M), Qatar ($609M), and United States ($318M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
Thailand$251M (441k%)
South Korea$78.3M (972%)
Tanzania$53.8M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY Singapore WERE (2022 - 2023):
India-$757M (-98.9%)
China-$146M (-88.5%)
Japan-$44.3M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Singapore's main exporting competitors in Petroleum Gas were:
In 2023, Singapore's main importing competitors in Petroleum Gas were:
China $83.7B
Japan $52.5B
France $45.4B

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Trade Value of Petroleum Gas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $123M
TOP IMPORT POTENTIALMalaysia+ $371M

Petroleum Gas’s highest export potential is China. With an export gap of $123M.   Petroleum Gas’s highest import potential is Malaysia with an import gap of $371M.

See methodology.

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