2023
Exports
$932MWorld Rnk 41 / 207
Flag Rnk 23 / 96
2023
PRODUCT COMPLEXITY IN Inorganic chemicals
1.54Rnk 38 / 1025
2023
Imports
$1.4BWorld Rnk 31 / 226
Flag Rnk 23 / 96
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $932M in Inorganic chemicals, making it the 41st largest exporter of Inorganic chemicals in the world. At the same year, Inorganic chemicals was the 23rd most exported product in Singapore. The main destination of Inorganic chemicals exports from Singapore are: Mozambique ($416M), Malaysia ($100M), South Korea ($56.1M), China ($56.1M), and Indonesia ($31.6M).

The fastest growing export markets for Inorganic chemicals of Singapore between 2022 and 2023 were Mozambique ($45.5M), South Korea ($42.8M), and Saudi Arabia ($10.7M).

Imports In 2023, Singapore imported $1.4B in Inorganic chemicals, becoming the 31st largest importer of Inorganic chemicals in the world. At the same year, Inorganic chemicals was the 23rd most imported product in Singapore. Singapore imports Inorganic chemicals primarily from: United States ($240M), China ($226M), Japan ($135M), South Korea ($121M), and Germany ($120M).

The fastest growing import markets in Inorganic chemicals for Singapore between 2022 and 2023 were Qatar ($20.8M), Malaysia ($13.7M), and Netherlands ($3.33M).

COMPANIES In 2024, leading companies such as Dow Chemical (37) and Goodyear Tire and Rubber (4) were at the forefront of shipping Inorganic chemicals 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 Inorganic chemicals. 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)$932M
IMPORTS (2023)$1.4B
NET TRADE (2023)-$469M

In 2023, Singapore exported $932M in Inorganic chemicals. The main destinations of Singapore exports on Inorganic chemicals were Mozambique ($416M), Malaysia ($100M), South Korea ($56.1M), China ($56.1M), and Indonesia ($31.6M).

In 2023, Singapore imported $1.4B in Inorganic chemicals, mainly from United States ($240M), China ($226M), Japan ($135M), South Korea ($121M), and Germany ($120M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Inorganic chemicals EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
Mozambique$45.5M (12.3%)
South Korea$42.8M (319%)
Saudi Arabia$10.7M (665%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Inorganic chemicals BY Singapore WERE (2022 - 2023):
India-$31.6M (-64%)
Japan-$26.6M (-46.3%)
Philippines-$23.5M (-64.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Singapore's main exporting competitors in Inorganic chemicals were:
In 2023, Singapore's main importing competitors in Inorganic chemicals were:

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Trade Value of Inorganic chemicals by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALIndia+ $11.9M
TOP IMPORT POTENTIALChina+ $43.1M

Inorganic chemicals’s highest export potential is India. With an export gap of $11.9M.   Inorganic chemicals’s highest import potential is China with an import gap of $43.1M.

See methodology.

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