2023
Exports
$9.9MWorld Rnk 49 / 177
Flag Rnk 519 / 1202
2023
PRODUCT COMPLEXITY IN Iron Cloth
0.0073Rnk 555 / 1025
2023
Imports
$49.8MWorld Rnk 32 / 224
Flag Rnk 442 / 1208
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $9.9M in Iron Cloth, making it the 49th largest exporter of Iron Cloth in the world. At the same year, Iron Cloth was the 519th most exported product in Singapore. The main destination of Iron Cloth exports from Singapore are: Malaysia ($5.54M), Indonesia ($2.03M), Hong Kong ($386k), India ($312k), and Chinese Taipei ($265k).

The fastest growing export markets for Iron Cloth of Singapore between 2022 and 2023 were Malaysia ($1.31M), Indonesia ($1.14M), and Hong Kong ($309k).

Imports In 2023, Singapore imported $49.8M in Iron Cloth, becoming the 32nd largest importer of Iron Cloth in the world. At the same year, Iron Cloth was the 442nd most imported product in Singapore. Singapore imports Iron Cloth primarily from: Malaysia ($25.7M), China ($15.1M), Germany ($2.95M), United Kingdom ($1.35M), and Chinese Taipei ($1.23M).

The fastest growing import markets in Iron Cloth for Singapore between 2022 and 2023 were Malaysia ($3.43M), Germany ($2.28M), and United Kingdom ($1.03M).

Latest Trends

Jan 2025

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 Cloth. 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)$9.9M
IMPORTS (2023)$49.8M
NET TRADE (2023)-$40M

In 2023, Singapore exported $9.9M in Iron Cloth. The main destinations of Singapore exports on Iron Cloth were Malaysia ($5.54M), Indonesia ($2.03M), Hong Kong ($386k), India ($312k), and Chinese Taipei ($265k).

In 2023, Singapore imported $49.8M in Iron Cloth, mainly from Malaysia ($25.7M), China ($15.1M), Germany ($2.95M), United Kingdom ($1.35M), and Chinese Taipei ($1.23M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Cloth EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
Malaysia$1.31M (31.1%)
Indonesia$1.14M (128%)
Hong Kong$309k (404%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Cloth BY Singapore WERE (2022 - 2023):
Spain-$451k (-96.4%)
Australia-$360k (-66.9%)
Israel-$105k (-87.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Singapore's main exporting competitors in Iron Cloth were:
China $1.49B
Italy $505M
In 2023, Singapore's main importing competitors in Iron Cloth were:

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Trade Value of Iron Cloth by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $215k
TOP IMPORT POTENTIALChina+ $2.47M

Iron Cloth’s highest export potential is Indonesia. With an export gap of $215k.   Iron Cloth’s highest import potential is China with an import gap of $2.47M.

See methodology.

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