2023
Exports
$256MWorld Rnk 26 / 226
Flag Rnk 121 / 1202
2023
PRODUCT COMPLEXITY IN Iron Fasteners
1.67Rnk 25 / 1025
2023
Imports
$468MWorld Rnk 32 / 226
Flag Rnk 102 / 1208
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $256M in Iron Fasteners, making it the 26th largest exporter of Iron Fasteners in the world. At the same year, Iron Fasteners was the 121st most exported product in Singapore. The main destination of Iron Fasteners exports from Singapore are: Malaysia ($121M), Indonesia ($24.7M), Thailand ($13.5M), Philippines ($11.8M), and Hong Kong ($11M).

The fastest growing export markets for Iron Fasteners of Singapore between 2022 and 2023 were South Korea ($4.23M), Vietnam ($2.38M), and Hong Kong ($1.69M).

Imports In 2023, Singapore imported $468M in Iron Fasteners, becoming the 32nd largest importer of Iron Fasteners in the world. At the same year, Iron Fasteners was the 102nd most imported product in Singapore. Singapore imports Iron Fasteners primarily from: China ($107M), United States ($102M), Malaysia ($63.4M), Chinese Taipei ($26.3M), and Germany ($21.1M).

The fastest growing import markets in Iron Fasteners for Singapore between 2022 and 2023 were South Korea ($6.5M), United Kingdom ($4.71M), and Switzerland ($4.66M).

COMPANIES In 2024, leading companies such as Robert Bosch (11), Stelfast (1), and Samsung (1) were at the forefront of shipping Iron Fasteners 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 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 (2023)$256M
IMPORTS (2023)$468M
NET TRADE (2023)-$212M

In 2023, Singapore exported $256M in Iron Fasteners. The main destinations of Singapore exports on Iron Fasteners were Malaysia ($121M), Indonesia ($24.7M), Thailand ($13.5M), Philippines ($11.8M), and Hong Kong ($11M).

In 2023, Singapore imported $468M in Iron Fasteners, mainly from China ($107M), United States ($102M), Malaysia ($63.4M), Chinese Taipei ($26.3M), and Germany ($21.1M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Fasteners EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
South Korea$4.23M (314%)
Vietnam$2.38M (57.6%)
Hong Kong$1.69M (18.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Fasteners BY Singapore WERE (2022 - 2023):
India-$41M (-85.5%)
Malaysia-$20.4M (-14.5%)
Philippines-$11.9M (-50.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Singapore's main exporting competitors in Iron Fasteners were:
In 2023, 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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