2022
Exports
$5.44MWorld Rnk 34 / 135
Flag Rnk 673 / 1198
2022
PRODUCT COMPLEXITY IN Asphalt
-0.09Rnk 576 / 1025
2022
Imports
$4.38MWorld Rnk 75 / 213
Flag Rnk 916 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $5.44M in Asphalt, making it the 34th largest exporter of Asphalt in the world. At the same year, Asphalt was the 673rd most exported product in Singapore. The main destination of Asphalt exports from Singapore are: South Korea ($1.9M), China ($841k), Australia ($834k), Thailand ($496k), and Malaysia ($493k).

The fastest growing export markets for Asphalt of Singapore between 2021 and 2022 were Australia ($419k), China ($360k), and Thailand ($239k).

Imports In 2022, Singapore imported $4.38M in Asphalt, becoming the 75th largest importer of Asphalt in the world. At the same year, Asphalt was the 916th most imported product in Singapore. Singapore imports Asphalt primarily from: Italy ($1.61M), United States ($718k), China ($550k), Russia ($548k), and Egypt ($252k).

The fastest growing import markets in Asphalt for Singapore between 2021 and 2022 were United States ($425k), Italy ($263k), and Egypt ($193k).

Latest Trends

Sep 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 Asphalt. 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)$5.44M
IMPORTS (2022)$4.38M
NET TRADE (2022)$1.06M

In 2022, Singapore exported $5.44M in Asphalt. The main destinations of Singapore exports on Asphalt were South Korea ($1.9M), China ($841k), Australia ($834k), Thailand ($496k), and Malaysia ($493k).

In 2022, Singapore imported $4.38M in Asphalt, mainly from Italy ($1.61M), United States ($718k), China ($550k), Russia ($548k), and Egypt ($252k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Asphalt EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Australia$419k (101%)
China$360k (74.9%)
Thailand$239k (93.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Asphalt BY Singapore WERE (2021 - 2022):
India-$161k (-80.4%)
Indonesia-$138k (-38.9%)
Vietnam-$94.4k (-59.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Asphalt by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $127k
TOP IMPORT POTENTIALUnited States+ $293k

Asphalt’s highest export potential is Indonesia. With an export gap of $127k.   Asphalt’s highest import potential is United States with an import gap of $293k.

See methodology.

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