2022
Exports
$8.06BWorld Rnk 41 / 226
Flag Rnk 9 / 21
2022
PRODUCT COMPLEXITY IN Metals
1.9Rnk 12 / 1025
2022
Imports
$16.5BWorld Rnk 27 / 226
Flag Rnk 6 / 21
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $8.06B in Metals, making it the 41st largest exporter of Metals in the world. At the same year, Metals was the 9th most exported product in Singapore. The main destination of Metals exports from Singapore are: Malaysia ($1.29B), Indonesia ($1.14B), India ($877M), China ($726M), and Japan ($458M).

The fastest growing export markets for Metals of Singapore between 2021 and 2022 were Belgium ($231M), Malaysia ($136M), and Norway ($131M).

Imports In 2018, Singapore imported $16.5B in Metals, becoming the 27th largest importer of Metals in the world. At the same year, Metals was the 6th most imported product in Singapore. Singapore imports Metals primarily from: China ($4.75B), Malaysia ($2.01B), Democratic Republic of the Congo ($1.25B), Japan ($1.05B), and Indonesia ($804M).

The fastest growing import markets in Metals for Singapore between 2021 and 2022 were China ($1.26B), Malaysia ($430M), and Vietnam ($235M).

COMPANIES In 2023, leading companies such as SIGMA Corp (195), REI (Recreational Equipment Incorporated) (74), and Cosentino (52) were at the forefront of shipping Metals from Singapore to the United States.

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 Metals. 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)$8.06B
IMPORTS (2022)$16.5B
NET TRADE (2022)-$8.47B

In 2022, Singapore exported $8.06B in Metals. The main destinations of Singapore exports on Metals were Malaysia ($1.29B), Indonesia ($1.14B), India ($877M), China ($726M), and Japan ($458M).

In 2022, Singapore imported $16.5B in Metals, mainly from China ($4.75B), Malaysia ($2.01B), Democratic Republic of the Congo ($1.25B), Japan ($1.05B), and Indonesia ($804M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metals EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Belgium$231M (2.85k%)
Malaysia$136M (11.8%)
Norway$131M (327%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metals BY Singapore WERE (2021 - 2022):
China-$988M (-57.6%)
Australia-$79M (-41.2%)
Germany-$32.9M (-22.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Metals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $234M
TOP IMPORT POTENTIALChina+ $310M

Metals’s highest export potential is China. With an export gap of $234M.   Metals’s highest import potential is China with an import gap of $310M.

See methodology.

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