2023
Exports
$13.7MWorld Rnk 17 / 125
Flag Rnk 462 / 1202
2023
PRODUCT COMPLEXITY IN Bitumen and asphalt
-0.77Rnk 776 / 1025
2023
Imports
$7.12MWorld Rnk 19 / 188
Flag Rnk 810 / 1208
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $13.7M in Bitumen and asphalt, making it the 17th largest exporter of Bitumen and asphalt in the world. At the same year, Bitumen and asphalt was the 462nd most exported product in Singapore. The main destination of Bitumen and asphalt exports from Singapore are: Philippines ($8.39M), Cambodia ($2.65M), South Korea ($1.26M), Brunei ($1.04M), and Thailand ($91.9k).

The fastest growing export markets for Bitumen and asphalt of Singapore between 2022 and 2023 were Philippines ($1.63M), South Korea ($1.26M), and Thailand ($65.9k).

Imports In 2023, Singapore imported $7.12M in Bitumen and asphalt, becoming the 19th largest importer of Bitumen and asphalt in the world. At the same year, Bitumen and asphalt was the 810th most imported product in Singapore. Singapore imports Bitumen and asphalt primarily from: Malaysia ($6.37M), India ($385k), United States ($164k), United Kingdom ($61k), and South Korea ($58.1k).

The fastest growing import markets in Bitumen and asphalt for Singapore between 2022 and 2023 were Malaysia ($4.23M), India ($306k), and South Korea ($58k).

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 Bitumen and 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 (2023)$13.7M
IMPORTS (2023)$7.12M
NET TRADE (2023)$6.58M

In 2023, Singapore exported $13.7M in Bitumen and asphalt. The main destinations of Singapore exports on Bitumen and asphalt were Philippines ($8.39M), Cambodia ($2.65M), South Korea ($1.26M), Brunei ($1.04M), and Thailand ($91.9k).

In 2023, Singapore imported $7.12M in Bitumen and asphalt, mainly from Malaysia ($6.37M), India ($385k), United States ($164k), United Kingdom ($61k), and South Korea ($58.1k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Bitumen and asphalt EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
Philippines$1.63M (24.1%)
South Korea$1.26M (1%)
Thailand$65.9k (254%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bitumen and asphalt BY Singapore WERE (2022 - 2023):
Vietnam-$25M (-99.9%)
Cambodia-$3.63M (-57.8%)
Malaysia-$3.47M (-98.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Singapore's main exporting competitors in Bitumen and asphalt were:
In 2023, Singapore's main importing competitors in Bitumen and asphalt were:

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Trade Value of Bitumen and asphalt by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $333k
TOP IMPORT POTENTIALMalaysia+ $663k

Bitumen and asphalt’s highest export potential is France. With an export gap of $333k.   Bitumen and asphalt’s highest import potential is Malaysia with an import gap of $663k.

See methodology.

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