2022
Exports
$530MWorld Rnk 18 / 212
Flag Rnk 81 / 1198
2022
PRODUCT COMPLEXITY IN Scrap Iron
-0.59Rnk 720 / 1025
2022
Imports
$98.8MWorld Rnk 48 / 187
Flag Rnk 333 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $530M in Scrap Iron, making it the 18th largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 81st most exported product in Singapore. The main destination of Scrap Iron exports from Singapore are: India ($207M), Vietnam ($102M), Indonesia ($95.9M), Malaysia ($38.7M), and Hong Kong ($26.6M).

The fastest growing export markets for Scrap Iron of Singapore between 2021 and 2022 were India ($124M), Vietnam ($43.4M), and Hong Kong ($8.72M).

Imports In 2022, Singapore imported $98.8M in Scrap Iron, becoming the 48th largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 333rd most imported product in Singapore. Singapore imports Scrap Iron primarily from: New Zealand ($19.9M), Malaysia ($18.2M), Sweden ($8.2M), Dominican Republic ($7.29M), and Australia ($5.63M).

The fastest growing import markets in Scrap Iron for Singapore between 2021 and 2022 were Sweden ($8.17M), New Zealand ($6.71M), and Australia ($4.76M).

COMPANIES In 2023, leading companies such as SIGMA Corp (4) were at the forefront of shipping Scrap Iron from Singapore to the United States.

Latest Trends

Apr 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 Scrap Iron. 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)$530M
IMPORTS (2022)$98.8M
NET TRADE (2022)$431M

In 2022, Singapore exported $530M in Scrap Iron. The main destinations of Singapore exports on Scrap Iron were India ($207M), Vietnam ($102M), Indonesia ($95.9M), Malaysia ($38.7M), and Hong Kong ($26.6M).

In 2022, Singapore imported $98.8M in Scrap Iron, mainly from New Zealand ($19.9M), Malaysia ($18.2M), Sweden ($8.2M), Dominican Republic ($7.29M), and Australia ($5.63M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
India$124M (148%)
Vietnam$43.4M (74.4%)
Hong Kong$8.72M (48.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Singapore WERE (2021 - 2022):
Bangladesh-$25.3M (-67.8%)
Germany-$21.9M (-86.1%)
Malaysia-$19.7M (-33.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Scrap Iron were:
In 2022, Singapore's main importing competitors in Scrap Iron were:
Turkey $8.77B
India $5.65B
Belgium $2.84B

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Trade Value of Scrap Iron by Exporters

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