2023
Exports
$50.1BWorld Rnk 15 / 226
Flag Rnk 3 / 21
2023
PRODUCT COMPLEXITY IN Chemical Products
2.31Rnk 1 / 1025
2023
Imports
$25.9BWorld Rnk 22 / 226
Flag Rnk 3 / 21
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $50.1B in Chemical Products, making it the 15th largest exporter of Chemical Products in the world. At the same year, Chemical Products was the 3rd most exported product in Singapore. The main destination of Chemical Products exports from Singapore are: United States ($13.7B), China ($5.29B), Germany ($3.75B), South Korea ($2.98B), and Switzerland ($2.67B).

The fastest growing export markets for Chemical Products of Singapore between 2022 and 2023 were United States ($7.64B), South Korea ($1.5B), and United Kingdom ($618M).

Imports In 2023, Singapore imported $25.9B in Chemical Products, becoming the 22nd largest importer of Chemical Products in the world. At the same year, Chemical Products was the 3rd most imported product in Singapore. Singapore imports Chemical Products primarily from: China ($5.43B), United States ($3.43B), France ($3.13B), Japan ($1.91B), and Switzerland ($1.55B).

The fastest growing import markets in Chemical Products for Singapore between 2022 and 2023 were China ($448M), India ($111M), and Malaysia ($93.3M).

COMPANIES In 2024, leading companies such as Dow Chemical (40), Kontoor Brands (24), and CONTINENTAL AUTOMOTIVE SYSTEMS, INC (18) were at the forefront of shipping Chemical Products from Singapore to the United States.

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 Chemical Products. 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)$50.1B
IMPORTS (2023)$25.9B
NET TRADE (2023)$24.3B

In 2023, Singapore exported $50.1B in Chemical Products. The main destinations of Singapore exports on Chemical Products were United States ($13.7B), China ($5.29B), Germany ($3.75B), South Korea ($2.98B), and Switzerland ($2.67B).

In 2023, Singapore imported $25.9B in Chemical Products, mainly from China ($5.43B), United States ($3.43B), France ($3.13B), Japan ($1.91B), and Switzerland ($1.55B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Chemical Products EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
United States$7.64B (126%)
South Korea$1.5B (102%)
United Kingdom$618M (110%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chemical Products BY Singapore WERE (2022 - 2023):
Belgium-$1.06B (-40.4%)
India-$981M (-41.2%)
Switzerland-$724M (-21.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Singapore's main exporting competitors in Chemical Products were:
In 2023, Singapore's main importing competitors in Chemical Products were:

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Trade Value of Chemical Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $496M
TOP IMPORT POTENTIALIndia+ $403M

Chemical Products’s highest export potential is China. With an export gap of $496M.   Chemical Products’s highest import potential is India with an import gap of $403M.

See methodology.

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