2023
Exports
$136MWorld Rnk 18 / 110
Flag Rnk 170 / 1202
2023
PRODUCT COMPLEXITY IN Platinum
0.86Rnk 225 / 1025
2023
Imports
$271MWorld Rnk 17 / 146
Flag Rnk 151 / 1208
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $136M in Platinum, making it the 18th largest exporter of Platinum in the world. At the same year, Platinum was the 170th most exported product in Singapore. The main destination of Platinum exports from Singapore are: Italy ($74.6M), United Kingdom ($24M), United States ($9M), Germany ($6.6M), and China ($6.28M).

The fastest growing export markets for Platinum of Singapore between 2022 and 2023 were Italy ($19.5M), United Kingdom ($7.72M), and Germany ($1.33M).

Imports In 2023, Singapore imported $271M in Platinum, becoming the 17th largest importer of Platinum in the world. At the same year, Platinum was the 151st most imported product in Singapore. Singapore imports Platinum primarily from: Japan ($154M), Chinese Taipei ($54.5M), United States ($13.9M), China ($12.6M), and Germany ($11.5M).

The fastest growing import markets in Platinum for Singapore between 2022 and 2023 were China ($8.77M), Australia ($3.55M), and United Kingdom ($2.72M).

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 Platinum. 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)$136M
IMPORTS (2023)$271M
NET TRADE (2023)-$135M

In 2023, Singapore exported $136M in Platinum. The main destinations of Singapore exports on Platinum were Italy ($74.6M), United Kingdom ($24M), United States ($9M), Germany ($6.6M), and China ($6.28M).

In 2023, Singapore imported $271M in Platinum, mainly from Japan ($154M), Chinese Taipei ($54.5M), United States ($13.9M), China ($12.6M), and Germany ($11.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Platinum EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
Italy$19.5M (35.3%)
United Kingdom$7.72M (47.4%)
Germany$1.33M (25.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Platinum BY Singapore WERE (2022 - 2023):
United States-$39.3M (-81.4%)
Hong Kong-$29.7M (-94.8%)
Switzerland-$16.8M (-90%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Singapore's main exporting competitors in Platinum were:
In 2023, Singapore's main importing competitors in Platinum were:

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Trade Value of Platinum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $17.7M
TOP IMPORT POTENTIALSouth Africa+ $12M

Platinum’s highest export potential is United States. With an export gap of $17.7M.   Platinum’s highest import potential is South Africa with an import gap of $12M.

See methodology.

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