2023
Exports
$11.5MWorld Rnk 47 / 174
Flag Rnk 490 / 1202
2023
PRODUCT COMPLEXITY IN Scrap Plastic
-0.57Rnk 725 / 1025
2023
Imports
$1.25MWorld Rnk 81 / 180
Flag Rnk 1027 / 1208
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $11.5M in Scrap Plastic, making it the 47th largest exporter of Scrap Plastic in the world. At the same year, Scrap Plastic was the 490th most exported product in Singapore. The main destination of Scrap Plastic exports from Singapore are: Malaysia ($5.9M), Indonesia ($2.3M), Vietnam ($1.5M), United Kingdom ($705k), and Pakistan ($593k).

The fastest growing export markets for Scrap Plastic of Singapore between 2022 and 2023 were Malaysia ($1.23M), Vietnam ($377k), and Pakistan ($80.6k).

Imports In 2023, Singapore imported $1.25M in Scrap Plastic, becoming the 81st largest importer of Scrap Plastic in the world. At the same year, Scrap Plastic was the 1027th most imported product in Singapore. Singapore imports Scrap Plastic primarily from: China ($320k), Japan ($194k), United States ($164k), Thailand ($120k), and India ($119k).

The fastest growing import markets in Scrap Plastic for Singapore between 2022 and 2023 were Thailand ($114k), Germany ($69.7k), and Japan ($40.1k).

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 Scrap Plastic. 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)$11.5M
IMPORTS (2023)$1.25M
NET TRADE (2023)$10.2M

In 2023, Singapore exported $11.5M in Scrap Plastic. The main destinations of Singapore exports on Scrap Plastic were Malaysia ($5.9M), Indonesia ($2.3M), Vietnam ($1.5M), United Kingdom ($705k), and Pakistan ($593k).

In 2023, Singapore imported $1.25M in Scrap Plastic, mainly from China ($320k), Japan ($194k), United States ($164k), Thailand ($120k), and India ($119k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Scrap Plastic EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
Malaysia$1.23M (26.4%)
Vietnam$377k (33.7%)
Pakistan$80.6k (15.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Plastic BY Singapore WERE (2022 - 2023):
Indonesia-$2.97M (-56.3%)
South Korea-$289k (-100%)
Australia-$252k (-59.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Scrap Plastic by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMalaysia+ $341k
TOP IMPORT POTENTIALChina+ $332k

Scrap Plastic’s highest export potential is Malaysia. With an export gap of $341k.   Scrap Plastic’s highest import potential is China with an import gap of $332k.

See methodology.

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