2023
Exports
$14.2BWorld Rnk 21 / 221
Flag Rnk 6 / 21
2023
PRODUCT COMPLEXITY IN Precious Metals
0.86Rnk 225 / 1025
2023
Imports
$21.3BWorld Rnk 9 / 223
Flag Rnk 5 / 21
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $14.2B in Precious Metals, making it the 21st largest exporter of Precious Metals in the world. At the same year, Precious Metals was the 6th most exported product in Singapore. The main destination of Precious Metals exports from Singapore are: China ($3.34B), Hong Kong ($3.05B), Malaysia ($1.7B), Cambodia ($922M), and Thailand ($800M).

The fastest growing export markets for Precious Metals of Singapore between 2022 and 2023 were China ($1.89B), Hong Kong ($1.33B), and Switzerland ($73.7M).

Imports In 2023, Singapore imported $21.3B in Precious Metals, becoming the 9th largest importer of Precious Metals in the world. At the same year, Precious Metals was the 5th most imported product in Singapore. Singapore imports Precious Metals primarily from: Switzerland ($3.29B), Thailand ($2.81B), Japan ($2.34B), Australia ($1.98B), and Indonesia ($1.3B).

The fastest growing import markets in Precious Metals for Singapore between 2022 and 2023 were Thailand ($1.47B), Cambodia ($1.17B), and Malaysia ($324M).

COMPANIES In 2024, leading companies such as Robert Bosch (1), Yaheetech (1), and At Home Procurement (1) were at the forefront of shipping Precious Metals from Singapore to the United States.

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 Precious Metals. 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)$14.2B
IMPORTS (2023)$21.3B
NET TRADE (2023)-$7.05B

In 2023, Singapore exported $14.2B in Precious Metals. The main destinations of Singapore exports on Precious Metals were China ($3.34B), Hong Kong ($3.05B), Malaysia ($1.7B), Cambodia ($922M), and Thailand ($800M).

In 2023, Singapore imported $21.3B in Precious Metals, mainly from Switzerland ($3.29B), Thailand ($2.81B), Japan ($2.34B), Australia ($1.98B), and Indonesia ($1.3B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Precious Metals EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
China$1.89B (130%)
Hong Kong$1.33B (78%)
Switzerland$73.7M (10.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metals BY Singapore WERE (2022 - 2023):
Cambodia-$7.66B (-89.3%)
United States-$731M (-68.4%)
India-$652M (-56.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Precious Metals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $613M
TOP IMPORT POTENTIALIndia+ $240M

Precious Metals’s highest export potential is China. With an export gap of $613M.   Precious Metals’s highest import potential is India with an import gap of $240M.

See methodology.

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