2023
Exports
$46.7MWorld Rnk 20 / 109
Flag Rnk 290 / 1202
2023
PRODUCT COMPLEXITY IN Inorganic Salts
-0.4Rnk 666 / 1025
2023
Imports
$95.9MWorld Rnk 18 / 182
Flag Rnk 303 / 1208
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $46.7M in Inorganic Salts, making it the 20th largest exporter of Inorganic Salts in the world. At the same year, Inorganic Salts was the 290th most exported product in Singapore. The main destination of Inorganic Salts exports from Singapore are: South Korea ($35.2M), Malaysia ($1.69M), China ($1.45M), Indonesia ($1.32M), and Japan ($955k).

The fastest growing export markets for Inorganic Salts of Singapore between 2022 and 2023 were South Korea ($35M), Malaysia ($1.1M), and Indonesia ($803k).

Imports In 2023, Singapore imported $95.9M in Inorganic Salts, becoming the 18th largest importer of Inorganic Salts in the world. At the same year, Inorganic Salts was the 303rd most imported product in Singapore. Singapore imports Inorganic Salts primarily from: South Korea ($44M), China ($14.8M), Malaysia ($13.4M), United States ($9.5M), and Japan ($5.3M).

The fastest growing import markets in Inorganic Salts for Singapore between 2022 and 2023 were South Korea ($9.69M), China ($4.96M), and Malaysia ($4.68M).

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 Salts. 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)$46.7M
IMPORTS (2023)$95.9M
NET TRADE (2023)-$49.2M

In 2023, Singapore exported $46.7M in Inorganic Salts. The main destinations of Singapore exports on Inorganic Salts were South Korea ($35.2M), Malaysia ($1.69M), China ($1.45M), Indonesia ($1.32M), and Japan ($955k).

In 2023, Singapore imported $95.9M in Inorganic Salts, mainly from South Korea ($44M), China ($14.8M), Malaysia ($13.4M), United States ($9.5M), and Japan ($5.3M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Inorganic Salts EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
South Korea$35M (25k%)
Malaysia$1.1M (184%)
Indonesia$803k (155%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Inorganic Salts BY Singapore WERE (2022 - 2023):
China-$6.02M (-80.5%)
India-$4.39M (-90%)
Netherlands-$2.27M (-88.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Inorganic Salts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.61M
TOP IMPORT POTENTIALChina+ $7.46M

Inorganic Salts’s highest export potential is China. With an export gap of $1.61M.   Inorganic Salts’s highest import potential is China with an import gap of $7.46M.

See methodology.

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