2022
Exports
$79.7MWorld Rnk 32 / 144
Flag Rnk 243 / 1198
2022
PRODUCT COMPLEXITY IN Silver
-0.98Rnk 832 / 1025
2022
Imports
$259MWorld Rnk 18 / 182
Flag Rnk 179 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $79.7M in Silver, making it the 32nd largest exporter of Silver in the world. At the same year, Silver was the 243rd most exported product in Singapore. The main destination of Silver exports from Singapore are: India ($45.8M), United States ($7.5M), Indonesia ($6.47M), Malaysia ($5.72M), and Vietnam ($3.59M).

The fastest growing export markets for Silver of Singapore between 2021 and 2022 were Vietnam ($488k), Bhutan ($330k), and Poland ($191k).

Imports In 2022, Singapore imported $259M in Silver, becoming the 18th largest importer of Silver in the world. At the same year, Silver was the 179th most imported product in Singapore. Singapore imports Silver primarily from: Japan ($58.6M), United States ($48.4M), Indonesia ($36.1M), Hong Kong ($29.7M), and Chile ($21.2M).

The fastest growing import markets in Silver for Singapore between 2021 and 2022 were Chile ($3.13M), Australia ($1.23M), and Germany ($694k).

COMPANIES In 2023, leading companies such as At Home Procurement (1) were at the forefront of shipping Silver from Singapore to the United States.

Latest Trends

Oct 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 Silver. 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)$79.7M
IMPORTS (2022)$259M
NET TRADE (2022)-$179M

In 2022, Singapore exported $79.7M in Silver. The main destinations of Singapore exports on Silver were India ($45.8M), United States ($7.5M), Indonesia ($6.47M), Malaysia ($5.72M), and Vietnam ($3.59M).

In 2022, Singapore imported $259M in Silver, mainly from Japan ($58.6M), United States ($48.4M), Indonesia ($36.1M), Hong Kong ($29.7M), and Chile ($21.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Silver EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Vietnam$488k (15.7%)
Bhutan$330k (1%)
Poland$191k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silver BY Singapore WERE (2021 - 2022):
United Kingdom-$17.2M (-93.1%)
Australia-$16.3M (-92.6%)
India-$13.7M (-23%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Silver were:
In 2022, Singapore's main importing competitors in Silver were:

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Trade Value of Silver by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.39M
TOP IMPORT POTENTIALChina+ $11.4M

Silver’s highest export potential is United States. With an export gap of $5.39M.   Silver’s highest import potential is China with an import gap of $11.4M.

See methodology.

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