2023
Exports
$124MWorld Rnk 23 / 189
Flag Rnk 185 / 1202
2023
PRODUCT COMPLEXITY IN Nonaqueous Paints
0.25Rnk 476 / 1025
2023
Imports
$197MWorld Rnk 21 / 223
Flag Rnk 189 / 1208
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $124M in Nonaqueous Paints, making it the 23rd largest exporter of Nonaqueous Paints in the world. At the same year, Nonaqueous Paints was the 185th most exported product in Singapore. The main destination of Nonaqueous Paints exports from Singapore are: Indonesia ($19.3M), China ($15.8M), Malaysia ($14.8M), Thailand ($12.7M), and South Korea ($11.2M).

The fastest growing export markets for Nonaqueous Paints of Singapore between 2022 and 2023 were Malaysia ($6.69M), United Arab Emirates ($2.09M), and Vietnam ($1.8M).

Imports In 2023, Singapore imported $197M in Nonaqueous Paints, becoming the 21st largest importer of Nonaqueous Paints in the world. At the same year, Nonaqueous Paints was the 189th most imported product in Singapore. Singapore imports Nonaqueous Paints primarily from: Malaysia ($94.3M), Japan ($23.7M), Indonesia ($20.6M), United States ($18.9M), and South Korea ($5.48M).

The fastest growing import markets in Nonaqueous Paints for Singapore between 2022 and 2023 were Belgium ($634k), Australia ($562k), and Japan ($426k).

Latest Trends

Jan 2025

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 Nonaqueous Paints. 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)$124M
IMPORTS (2023)$197M
NET TRADE (2023)-$72.7M

In 2023, Singapore exported $124M in Nonaqueous Paints. The main destinations of Singapore exports on Nonaqueous Paints were Indonesia ($19.3M), China ($15.8M), Malaysia ($14.8M), Thailand ($12.7M), and South Korea ($11.2M).

In 2023, Singapore imported $197M in Nonaqueous Paints, mainly from Malaysia ($94.3M), Japan ($23.7M), Indonesia ($20.6M), United States ($18.9M), and South Korea ($5.48M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Nonaqueous Paints EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
Malaysia$6.69M (81.9%)
United Arab Emirates$2.09M (98.5%)
Vietnam$1.8M (53.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nonaqueous Paints BY Singapore WERE (2022 - 2023):
China-$8.8M (-35.8%)
Thailand-$3.69M (-22.6%)
South Korea-$1.72M (-13.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Singapore's main exporting competitors in Nonaqueous Paints were:
In 2023, Singapore's main importing competitors in Nonaqueous Paints were:

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Trade Value of Nonaqueous Paints by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $6.09M
TOP IMPORT POTENTIALChina+ $5.48M

Nonaqueous Paints’s highest export potential is China. With an export gap of $6.09M.   Nonaqueous Paints’s highest import potential is China with an import gap of $5.48M.

See methodology.

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