2022
Exports
$17.3BWorld Rnk 18 / 226
Flag Rnk 6 / 21
2022
PRODUCT COMPLEXITY IN Plastics and Rubbers
1.72Rnk 19 / 1025
2022
Imports
$11.1BWorld Rnk 26 / 226
Flag Rnk 8 / 21
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $17.3B in Plastics and Rubbers, making it the 18th largest exporter of Plastics and Rubbers in the world. At the same year, Plastics and Rubbers was the 6th most exported product in Singapore. The main destination of Plastics and Rubbers exports from Singapore are: China ($5.72B), India ($1.62B), Indonesia ($1.36B), Malaysia ($1.35B), and United States ($1.26B).

The fastest growing export markets for Plastics and Rubbers of Singapore between 2021 and 2022 were United States ($762M), Netherlands ($222M), and India ($146M).

Imports In 2022, Singapore imported $11.1B in Plastics and Rubbers, becoming the 26th largest importer of Plastics and Rubbers in the world. At the same year, Plastics and Rubbers was the 8th most imported product in Singapore. Singapore imports Plastics and Rubbers primarily from: China ($2.6B), Saudi Arabia ($2.05B), United States ($2.01B), Malaysia ($1.1B), and Japan ($554M).

The fastest growing import markets in Plastics and Rubbers for Singapore between 2021 and 2022 were China ($1.08B), United States ($317M), and Lithuania ($48M).

COMPANIES In 2023, leading companies such as Goodyear Tire and Rubber (236), Yokohama Industries (109), and American Omni Trading Company (42) were at the forefront of shipping Plastics and Rubbers from Singapore to the United States.

Latest Trends

May 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 Plastics and Rubbers. 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)$17.3B
IMPORTS (2022)$11.1B
NET TRADE (2022)$6.12B

In 2022, Singapore exported $17.3B in Plastics and Rubbers. The main destinations of Singapore exports on Plastics and Rubbers were China ($5.72B), India ($1.62B), Indonesia ($1.36B), Malaysia ($1.35B), and United States ($1.26B).

In 2022, Singapore imported $11.1B in Plastics and Rubbers, mainly from China ($2.6B), Saudi Arabia ($2.05B), United States ($2.01B), Malaysia ($1.1B), and Japan ($554M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Plastics and Rubbers EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
United States$762M (153%)
Netherlands$222M (188%)
India$146M (9.89%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Plastics and Rubbers BY Singapore WERE (2021 - 2022):
China-$281M (-4.69%)
Indonesia-$119M (-8.03%)
Hong Kong-$76.5M (-33.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Plastics and Rubbers were:
In 2022, Singapore's main importing competitors in Plastics and Rubbers were:

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Trade Value of Plastics and Rubbers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $206M
TOP IMPORT POTENTIALChina+ $360M

Plastics and Rubbers’s highest export potential is United States. With an export gap of $206M.   Plastics and Rubbers’s highest import potential is China with an import gap of $360M.

See methodology.

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