2022
Exports
$108MWorld Rnk 30 / 177
Flag Rnk 218 / 1198
2022
PRODUCT COMPLEXITY IN Iron Blocks
-0.42Rnk 679 / 1025
2022
Imports
$373MWorld Rnk 15 / 219
Flag Rnk 131 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $108M in Iron Blocks, making it the 30th largest exporter of Iron Blocks in the world. At the same year, Iron Blocks was the 218th most exported product in Singapore. The main destination of Iron Blocks exports from Singapore are: Indonesia ($78.6M), Malaysia ($16.2M), Thailand ($3.98M), Vietnam ($2.31M), and China ($1.02M).

The fastest growing export markets for Iron Blocks of Singapore between 2021 and 2022 were Indonesia ($51.6M), Malaysia ($4.5M), and Vietnam ($1.02M).

Imports In 2022, Singapore imported $373M in Iron Blocks, becoming the 15th largest importer of Iron Blocks in the world. At the same year, Iron Blocks was the 131st most imported product in Singapore. Singapore imports Iron Blocks primarily from: China ($193M), Thailand ($45.7M), Malaysia ($42.4M), South Korea ($23.9M), and Luxembourg ($15.9M).

The fastest growing import markets in Iron Blocks for Singapore between 2021 and 2022 were China ($152M), Malaysia ($5.05M), and Luxembourg ($4.62M).

Latest Trends

Sep 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 Iron Blocks. 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)$108M
IMPORTS (2022)$373M
NET TRADE (2022)-$266M

In 2022, Singapore exported $108M in Iron Blocks. The main destinations of Singapore exports on Iron Blocks were Indonesia ($78.6M), Malaysia ($16.2M), Thailand ($3.98M), Vietnam ($2.31M), and China ($1.02M).

In 2022, Singapore imported $373M in Iron Blocks, mainly from China ($193M), Thailand ($45.7M), Malaysia ($42.4M), South Korea ($23.9M), and Luxembourg ($15.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Blocks EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Indonesia$51.6M (192%)
Malaysia$4.5M (38.4%)
Vietnam$1.02M (79.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Blocks BY Singapore WERE (2021 - 2022):
Bangladesh-$1.19M (-89.6%)
South Korea-$875k (-80.8%)
Iraq-$556k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Iron Blocks were:
China $2.83B
Spain $2.24B
Germany $2.07B
In 2022, Singapore's main importing competitors in Iron Blocks were:

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Trade Value of Iron Blocks by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMalaysia+ $3.28M
TOP IMPORT POTENTIALTurkey+ $4.64M

Iron Blocks’s highest export potential is Malaysia. With an export gap of $3.28M.   Iron Blocks’s highest import potential is Turkey with an import gap of $4.64M.

See methodology.

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