2022
Exports
$39MWorld Rnk 31 / 196
Flag Rnk 344 / 1198
2022
PRODUCT COMPLEXITY IN Stranded Iron Wire
0.15Rnk 505 / 1025
2022
Imports
$101MWorld Rnk 25 / 222
Flag Rnk 328 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $39M in Stranded Iron Wire, making it the 31st largest exporter of Stranded Iron Wire in the world. At the same year, Stranded Iron Wire was the 344th most exported product in Singapore. The main destination of Stranded Iron Wire exports from Singapore are: Malaysia ($10.1M), India ($9.11M), Indonesia ($6.68M), Thailand ($1.78M), and China ($1.77M).

The fastest growing export markets for Stranded Iron Wire of Singapore between 2021 and 2022 were India ($7.8M), Brunei ($722k), and Thailand ($639k).

Imports In 2022, Singapore imported $101M in Stranded Iron Wire, becoming the 25th largest importer of Stranded Iron Wire in the world. At the same year, Stranded Iron Wire was the 328th most imported product in Singapore. Singapore imports Stranded Iron Wire primarily from: China ($27.7M), South Korea ($17.9M), Malaysia ($16.9M), India ($13M), and Thailand ($4.68M).

The fastest growing import markets in Stranded Iron Wire for Singapore between 2021 and 2022 were China ($5.16M), India ($3.49M), and South Korea ($2.01M).

COMPANIES In 2023, leading companies such as Linglong Tire (1) and Hyosung (1) were at the forefront of shipping Stranded Iron Wire from Singapore to the United States.

Latest Trends

Jul 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 Stranded Iron Wire. 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)$39M
IMPORTS (2022)$101M
NET TRADE (2022)-$61.9M

In 2022, Singapore exported $39M in Stranded Iron Wire. The main destinations of Singapore exports on Stranded Iron Wire were Malaysia ($10.1M), India ($9.11M), Indonesia ($6.68M), Thailand ($1.78M), and China ($1.77M).

In 2022, Singapore imported $101M in Stranded Iron Wire, mainly from China ($27.7M), South Korea ($17.9M), Malaysia ($16.9M), India ($13M), and Thailand ($4.68M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Stranded Iron Wire EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
India$7.8M (592%)
Brunei$722k (117%)
Thailand$639k (55.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stranded Iron Wire BY Singapore WERE (2021 - 2022):
Malaysia-$2.39M (-19.1%)
Vietnam-$1.57M (-67.6%)
Chinese Taipei-$1.14M (-91.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Stranded Iron Wire were:
In 2022, Singapore's main importing competitors in Stranded Iron Wire were:

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Trade Value of Stranded Iron Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $964k
TOP IMPORT POTENTIALChina+ $8.35M

Stranded Iron Wire’s highest export potential is India. With an export gap of $964k.   Stranded Iron Wire’s highest import potential is China with an import gap of $8.35M.

See methodology.

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