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Exports In 2022, Singapore exported $2.36M in Balances, making it the 14th largest exporter of Balances in the world. At the same year, Balances was the 805th most exported product in Singapore. The main destination of Balances exports from Singapore are: China ($1.81M), Netherlands ($84.5k), Burma ($73.1k), Indonesia ($50.5k), and Vietnam ($48.4k).

The fastest growing export markets for Balances of Singapore between 2021 and 2022 were China ($1.19M), Netherlands ($69.7k), and Burma ($68.8k).

Imports In 2022, Singapore imported $3.26M in Balances, becoming the 26th largest importer of Balances in the world. At the same year, Balances was the 957th most imported product in Singapore. Singapore imports Balances primarily from: China ($1.67M), Germany ($583k), Japan ($298k), Switzerland ($263k), and United States ($84.9k).

The fastest growing import markets in Balances for Singapore between 2021 and 2022 were China ($1.07M), Switzerland ($154k), and Japan ($98k).

Latest Trends

Aug 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 Balances. 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)$2.36M
IMPORTS (2022)$3.26M
NET TRADE (2022)-$899k

In 2022, Singapore exported $2.36M in Balances. The main destinations of Singapore exports on Balances were China ($1.81M), Netherlands ($84.5k), Burma ($73.1k), Indonesia ($50.5k), and Vietnam ($48.4k).

In 2022, Singapore imported $3.26M in Balances, mainly from China ($1.67M), Germany ($583k), Japan ($298k), Switzerland ($263k), and United States ($84.9k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Balances EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
China$1.19M (194%)
Netherlands$69.7k (470%)
Burma$68.8k (1.59k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Balances BY Singapore WERE (2021 - 2022):
Vietnam-$77.8k (-61.6%)
Indonesia-$28.7k (-36.3%)
Australia-$13.1k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Balances by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $51.5k
TOP IMPORT POTENTIALChina+ $86.9k

Balances’s highest export potential is United States. With an export gap of $51.5k.   Balances’s highest import potential is China with an import gap of $86.9k.

See methodology.

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