2022
Exports
$326MWorld Rnk 24 / 224
Flag Rnk 122 / 1198
2022
PRODUCT COMPLEXITY IN Iron Fasteners
1.68Rnk 27 / 1025
2022
Imports
$481MWorld Rnk 31 / 225
Flag Rnk 105 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $326M in Iron Fasteners, making it the 24th largest exporter of Iron Fasteners in the world. At the same year, Iron Fasteners was the 122nd most exported product in Singapore. The main destination of Iron Fasteners exports from Singapore are: Malaysia ($127M), India ($41.8M), Indonesia ($36.7M), Thailand ($17.3M), and Philippines ($14.4M).

The fastest growing export markets for Iron Fasteners of Singapore between 2021 and 2022 were Malaysia ($68.5M), India ($4.51M), and Hong Kong ($3.96M).

Imports In 2022, Singapore imported $481M in Iron Fasteners, becoming the 31st largest importer of Iron Fasteners in the world. At the same year, Iron Fasteners was the 105th most imported product in Singapore. Singapore imports Iron Fasteners primarily from: China ($147M), United States ($92.8M), Malaysia ($63.7M), Chinese Taipei ($30.5M), and Japan ($21M).

The fastest growing import markets in Iron Fasteners for Singapore between 2021 and 2022 were China ($26M), Indonesia ($12.3M), and United States ($6.55M).

COMPANIES In 2023, leading companies such as Stelfast (1) and Brother Industries (1) were at the forefront of shipping Iron Fasteners from Singapore to the United States.

Latest Trends

Jul 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 Fasteners. 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)$326M
IMPORTS (2022)$481M
NET TRADE (2022)-$155M

In 2022, Singapore exported $326M in Iron Fasteners. The main destinations of Singapore exports on Iron Fasteners were Malaysia ($127M), India ($41.8M), Indonesia ($36.7M), Thailand ($17.3M), and Philippines ($14.4M).

In 2022, Singapore imported $481M in Iron Fasteners, mainly from China ($147M), United States ($92.8M), Malaysia ($63.7M), Chinese Taipei ($30.5M), and Japan ($21M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Fasteners EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Malaysia$68.5M (118%)
India$4.51M (12.1%)
Hong Kong$3.96M (66%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Fasteners BY Singapore WERE (2021 - 2022):
China-$2.97M (-19.7%)
United Kingdom-$2.28M (-44.1%)
Netherlands-$1.43M (-35%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Iron Fasteners were:
In 2022, Singapore's main importing competitors in Iron Fasteners were:

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Trade Value of Iron Fasteners by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $9.34M
TOP IMPORT POTENTIALChina+ $30.6M

Iron Fasteners’s highest export potential is China. With an export gap of $9.34M.   Iron Fasteners’s highest import potential is China with an import gap of $30.6M.

See methodology.

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