2022
Exports
$144MWorld Rnk 23 / 199
Flag Rnk 193 / 1198
2022
PRODUCT COMPLEXITY IN Special Pharmaceuticals
0.61Rnk 321 / 1025
2022
Imports
$399MWorld Rnk 10 / 220
Flag Rnk 122 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $144M in Special Pharmaceuticals, making it the 23rd largest exporter of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 193rd most exported product in Singapore. The main destination of Special Pharmaceuticals exports from Singapore are: Chinese Taipei ($69.7M), China ($25.9M), Vietnam ($14.2M), Thailand ($8.95M), and Hong Kong ($7.7M).

The fastest growing export markets for Special Pharmaceuticals of Singapore between 2021 and 2022 were Chinese Taipei ($37.4M), Thailand ($6.13M), and Hong Kong ($2.32M).

Imports In 2022, Singapore imported $399M in Special Pharmaceuticals, becoming the 10th largest importer of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 122nd most imported product in Singapore. Singapore imports Special Pharmaceuticals primarily from: United States ($176M), Mexico ($82.9M), Belgium ($62.3M), Germany ($36M), and Japan ($12.2M).

The fastest growing import markets in Special Pharmaceuticals for Singapore between 2021 and 2022 were Germany ($3.33M), Japan ($1.99M), and Belgium ($1.8M).

COMPANIES In 2023, leading companies such as HP Inc (3) were at the forefront of shipping Special Pharmaceuticals from Singapore to the United States.

Latest Trends

Aug 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 Special Pharmaceuticals. 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)$144M
IMPORTS (2022)$399M
NET TRADE (2022)-$255M

In 2022, Singapore exported $144M in Special Pharmaceuticals. The main destinations of Singapore exports on Special Pharmaceuticals were Chinese Taipei ($69.7M), China ($25.9M), Vietnam ($14.2M), Thailand ($8.95M), and Hong Kong ($7.7M).

In 2022, Singapore imported $399M in Special Pharmaceuticals, mainly from United States ($176M), Mexico ($82.9M), Belgium ($62.3M), Germany ($36M), and Japan ($12.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Special Pharmaceuticals EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Chinese Taipei$37.4M (116%)
Thailand$6.13M (218%)
Hong Kong$2.32M (43.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special Pharmaceuticals BY Singapore WERE (2021 - 2022):
China-$83.5M (-76.3%)
Vietnam-$3.07M (-17.8%)
Netherlands-$2.86M (-99.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Special Pharmaceuticals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $5.15M
TOP IMPORT POTENTIALChina+ $5.7M

Special Pharmaceuticals’s highest export potential is China. With an export gap of $5.15M.   Special Pharmaceuticals’s highest import potential is China with an import gap of $5.7M.

See methodology.

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