2022
Exports
$105MWorld Rnk 13 / 142
Flag Rnk 220 / 1198
2022
PRODUCT COMPLEXITY IN Tool Plates
1.66Rnk 31 / 1025
2022
Imports
$90.1MWorld Rnk 19 / 188
Flag Rnk 345 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $105M in Tool Plates, making it the 13th largest exporter of Tool Plates in the world. At the same year, Tool Plates was the 220th most exported product in Singapore. The main destination of Tool Plates exports from Singapore are: China ($18.5M), Malaysia ($13.7M), Indonesia ($12.9M), Australia ($10.8M), and Japan ($8.62M).

The fastest growing export markets for Tool Plates of Singapore between 2021 and 2022 were Indonesia ($5.03M), South Africa ($2.55M), and Philippines ($2.36M).

Imports In 2022, Singapore imported $90.1M in Tool Plates, becoming the 19th largest importer of Tool Plates in the world. At the same year, Tool Plates was the 345th most imported product in Singapore. Singapore imports Tool Plates primarily from: Japan ($30.3M), United States ($13.8M), Sweden ($11.1M), India ($10.5M), and Germany ($9.33M).

The fastest growing import markets in Tool Plates for Singapore between 2021 and 2022 were United States ($988k), South Korea ($473k), and Israel ($242k).

Latest Trends

Nov 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 Tool Plates. 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)$105M
IMPORTS (2022)$90.1M
NET TRADE (2022)$14.7M

In 2022, Singapore exported $105M in Tool Plates. The main destinations of Singapore exports on Tool Plates were China ($18.5M), Malaysia ($13.7M), Indonesia ($12.9M), Australia ($10.8M), and Japan ($8.62M).

In 2022, Singapore imported $90.1M in Tool Plates, mainly from Japan ($30.3M), United States ($13.8M), Sweden ($11.1M), India ($10.5M), and Germany ($9.33M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tool Plates EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Indonesia$5.03M (64.2%)
South Africa$2.55M (257%)
Philippines$2.36M (115%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tool Plates BY Singapore WERE (2021 - 2022):
South Korea-$2.48M (-69.2%)
China-$1.86M (-9.15%)
Japan-$1.32M (-13.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Tool Plates were:
Germany $1.21B
Japan $880M
China $698M
In 2022, Singapore's main importing competitors in Tool Plates were:

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Trade Value of Tool Plates by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.57M
TOP IMPORT POTENTIALChina+ $3.14M

Tool Plates’s highest export potential is China. With an export gap of $2.57M.   Tool Plates’s highest import potential is China with an import gap of $3.14M.

See methodology.

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