2022
Exports
$21MWorld Rnk 19 / 89
Flag Rnk 453 / 1198
2022
PRODUCT COMPLEXITY IN Iron Reductions
-1.54Rnk 951 / 1025
2022
Imports
$19.9MWorld Rnk 27 / 144
Flag Rnk 655 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $21M in Iron Reductions, making it the 19th largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 453rd most exported product in Singapore. The main destination of Iron Reductions exports from Singapore are: United Arab Emirates ($13.5M), Netherlands ($7.45M), Malaysia ($49k), Vietnam ($22.1k), and Burma ($3.09k).

The fastest growing export markets for Iron Reductions of Singapore between 2021 and 2022 were United Arab Emirates ($13.5M), Netherlands ($7.45M), and Vietnam ($13k).

Imports In 2022, Singapore imported $19.9M in Iron Reductions, becoming the 27th largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 655th most imported product in Singapore. Singapore imports Iron Reductions primarily from: Australia ($11.6M), India ($7.43M), China ($760k), Malaysia ($19.5k), and United States ($6.24k).

The fastest growing import markets in Iron Reductions for Singapore between 2021 and 2022 were Australia ($11.6M), India ($7.43M), and China ($698k).

Latest Trends

Oct 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 Reductions. 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)$21M
IMPORTS (2022)$19.9M
NET TRADE (2022)$1.14M

In 2022, Singapore exported $21M in Iron Reductions. The main destinations of Singapore exports on Iron Reductions were United Arab Emirates ($13.5M), Netherlands ($7.45M), Malaysia ($49k), Vietnam ($22.1k), and Burma ($3.09k).

In 2022, Singapore imported $19.9M in Iron Reductions, mainly from Australia ($11.6M), India ($7.43M), China ($760k), Malaysia ($19.5k), and United States ($6.24k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Reductions EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Netherlands$7.45M (1%)
Vietnam$13k (142%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Reductions BY Singapore WERE (2021 - 2022):
India-$380k (-100%)
Malaysia-$12.6k (-20.5%)
China-$9.3k (-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 Reductions were:
In 2022, Singapore's main importing competitors in Iron Reductions were:

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Trade Value of Iron Reductions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMalaysia+ $99.4k
TOP IMPORT POTENTIALIndia+ $963k

Iron Reductions’s highest export potential is Malaysia. With an export gap of $99.4k.   Iron Reductions’s highest import potential is India with an import gap of $963k.

See methodology.

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