2023
Exports
$1.36BWorld Rnk 54 / 226
Flag Rnk 11 / 21
2023
PRODUCT COMPLEXITY IN Textiles
1.39Rnk 63 / 1025
2023
Imports
$3.28BWorld Rnk 50 / 226
Flag Rnk 11 / 21
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $1.36B in Textiles, making it the 54th largest exporter of Textiles in the world. At the same year, Textiles was the 11th most exported product in Singapore. The main destination of Textiles exports from Singapore are: Malaysia ($323M), Japan ($139M), Vietnam ($93.4M), Indonesia ($80M), and China ($72.9M).

The fastest growing export markets for Textiles of Singapore between 2022 and 2023 were Japan ($47.2M), Jordan ($29.8M), and Thailand ($22M).

Imports In 2023, Singapore imported $3.28B in Textiles, becoming the 50th largest importer of Textiles in the world. At the same year, Textiles was the 11th most imported product in Singapore. Singapore imports Textiles primarily from: China ($990M), Italy ($388M), Indonesia ($238M), Vietnam ($218M), and Malaysia ($199M).

The fastest growing import markets in Textiles for Singapore between 2022 and 2023 were Italy ($74.5M), France ($24.6M), and United States ($14.6M).

COMPANIES In 2024, leading companies such as Kontoor Brands (509), Conair (49), and QVC Inc (32) were at the forefront of shipping Textiles from Singapore to the United States.

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 Textiles. 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)$1.36B
IMPORTS (2023)$3.28B
NET TRADE (2023)-$1.92B

In 2023, Singapore exported $1.36B in Textiles. The main destinations of Singapore exports on Textiles were Malaysia ($323M), Japan ($139M), Vietnam ($93.4M), Indonesia ($80M), and China ($72.9M).

In 2023, Singapore imported $3.28B in Textiles, mainly from China ($990M), Italy ($388M), Indonesia ($238M), Vietnam ($218M), and Malaysia ($199M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Textiles EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
Japan$47.2M (51.6%)
Jordan$29.8M (142%)
Thailand$22M (75.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Textiles BY Singapore WERE (2022 - 2023):
India-$214M (-90.8%)
Australia-$125M (-79.4%)
Turkey-$71.8M (-91.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Textiles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $30.5M
TOP IMPORT POTENTIALChina+ $251M

Textiles’s highest export potential is United States. With an export gap of $30.5M.   Textiles’s highest import potential is China with an import gap of $251M.

See methodology.

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