2022
Exports
$1.95MWorld Rnk 45 / 194
Flag Rnk 841 / 1198
2022
PRODUCT COMPLEXITY IN Wood Ornaments
-0.4Rnk 674 / 1025
2022
Imports
$26.2MWorld Rnk 20 / 217
Flag Rnk 612 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $1.95M in Wood Ornaments, making it the 45th largest exporter of Wood Ornaments in the world. At the same year, Wood Ornaments was the 841st most exported product in Singapore. The main destination of Wood Ornaments exports from Singapore are: Japan ($708k), Malaysia ($206k), Vietnam ($186k), Qatar ($110k), and Indonesia ($98.3k).

The fastest growing export markets for Wood Ornaments of Singapore between 2021 and 2022 were Japan ($599k), Vietnam ($132k), and Qatar ($97.2k).

Imports In 2022, Singapore imported $26.2M in Wood Ornaments, becoming the 20th largest importer of Wood Ornaments in the world. At the same year, Wood Ornaments was the 612th most imported product in Singapore. Singapore imports Wood Ornaments primarily from: China ($13.7M), France ($3.2M), Malaysia ($2.23M), Indonesia ($1.65M), and Switzerland ($1.39M).

The fastest growing import markets in Wood Ornaments for Singapore between 2021 and 2022 were China ($5.49M), France ($2.25M), and Vietnam ($1.15M).

COMPANIES In 2023, leading companies such as Euromarket Designs (2) were at the forefront of shipping Wood Ornaments 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 Wood Ornaments. 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)$1.95M
IMPORTS (2022)$26.2M
NET TRADE (2022)-$24.3M

In 2022, Singapore exported $1.95M in Wood Ornaments. The main destinations of Singapore exports on Wood Ornaments were Japan ($708k), Malaysia ($206k), Vietnam ($186k), Qatar ($110k), and Indonesia ($98.3k).

In 2022, Singapore imported $26.2M in Wood Ornaments, mainly from China ($13.7M), France ($3.2M), Malaysia ($2.23M), Indonesia ($1.65M), and Switzerland ($1.39M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood Ornaments EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Japan$599k (553%)
Vietnam$132k (247%)
Qatar$97.2k (737%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Ornaments BY Singapore WERE (2021 - 2022):
Malaysia-$216k (-51.2%)
Hong Kong-$85.9k (-77.2%)
Indonesia-$54.4k (-35.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Wood Ornaments were:
China $1.65B
Germany $83.5M
In 2022, Singapore's main importing competitors in Wood Ornaments were:

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Trade Value of Wood Ornaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $104k
TOP IMPORT POTENTIALChina+ $2M

Wood Ornaments’s highest export potential is United States. With an export gap of $104k.   Wood Ornaments’s highest import potential is China with an import gap of $2M.

See methodology.

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