2022
Exports
$12.3MWorld Rnk 51 / 128
Flag Rnk 529 / 1198
2022
PRODUCT COMPLEXITY IN Iron Ore
-1.79Rnk 980 / 1025
2022
Imports
$162MWorld Rnk 40 / 130
Flag Rnk 234 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $12.3M in Iron Ore, making it the 51st largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 529th most exported product in Singapore. The main destination of Iron Ore exports from Singapore are: Malaysia ($12.3M), United Kingdom ($4.37k), India ($3.34k), South Korea ($2.71k), and Indonesia ($702).

The fastest growing export markets for Iron Ore of Singapore between 2021 and 2022 were United Kingdom ($4.37k), India ($3.34k), and South Korea ($2.71k).

Imports In 2022, Singapore imported $162M in Iron Ore, becoming the 40th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 234th most imported product in Singapore. Singapore imports Iron Ore primarily from: Sweden ($154M), Brazil ($4.03M), South Africa ($3.72M), United States ($484k), and Burma ($5.66k).

The fastest growing import markets in Iron Ore for Singapore between 2021 and 2022 were Sweden ($112M), United States ($475k), and Burma ($5.66k).

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 Ore. 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)$12.3M
IMPORTS (2022)$162M
NET TRADE (2022)-$150M

In 2022, Singapore exported $12.3M in Iron Ore. The main destinations of Singapore exports on Iron Ore were Malaysia ($12.3M), United Kingdom ($4.37k), India ($3.34k), South Korea ($2.71k), and Indonesia ($702).

In 2022, Singapore imported $162M in Iron Ore, mainly from Sweden ($154M), Brazil ($4.03M), South Africa ($3.72M), United States ($484k), and Burma ($5.66k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
United Kingdom$4.37k (1%)
India$3.34k (1%)
South Korea$2.71k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Singapore WERE (2021 - 2022):
Malaysia-$7.14M (-36.8%)
Saudi Arabia-$13.2k (-100%)
Netherlands-$32 (-11.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Iron Ore were:
Brazil $30.1B
Canada $6.81B
In 2022, Singapore's main importing competitors in Iron Ore were:

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Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMalaysia+ $1.66M
TOP IMPORT POTENTIALBrazil+ $6.35M

Iron Ore’s highest export potential is Malaysia. With an export gap of $1.66M.   Iron Ore’s highest import potential is Brazil with an import gap of $6.35M.

See methodology.

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