2023
Exports
$45.2MWorld Rnk 14 / 169
Flag Rnk 296 / 1202
2023
PRODUCT COMPLEXITY IN Organic Composite Solvents
-0.13Rnk 600 / 1025
2023
Imports
$26.1MWorld Rnk 28 / 220
Flag Rnk 563 / 1208
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $45.2M in Organic Composite Solvents, making it the 14th largest exporter of Organic Composite Solvents in the world. At the same year, Organic Composite Solvents was the 296th most exported product in Singapore. The main destination of Organic Composite Solvents exports from Singapore are: Bangladesh ($16M), Philippines ($5.71M), Indonesia ($5.43M), Malaysia ($4.38M), and Burma ($4.34M).

The fastest growing export markets for Organic Composite Solvents of Singapore between 2022 and 2023 were Philippines ($4.32M), Malaysia ($2.86M), and Vietnam ($973k).

Imports In 2023, Singapore imported $26.1M in Organic Composite Solvents, becoming the 28th largest importer of Organic Composite Solvents in the world. At the same year, Organic Composite Solvents was the 563rd most imported product in Singapore. Singapore imports Organic Composite Solvents primarily from: Malaysia ($7M), United States ($6.33M), South Korea ($4.83M), Japan ($2.03M), and Germany ($1.54M).

The fastest growing import markets in Organic Composite Solvents for Singapore between 2022 and 2023 were Japan ($717k), United Kingdom ($644k), and Indonesia ($238k).

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 Organic Composite Solvents. 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)$45.2M
IMPORTS (2023)$26.1M
NET TRADE (2023)$19.2M

In 2023, Singapore exported $45.2M in Organic Composite Solvents. The main destinations of Singapore exports on Organic Composite Solvents were Bangladesh ($16M), Philippines ($5.71M), Indonesia ($5.43M), Malaysia ($4.38M), and Burma ($4.34M).

In 2023, Singapore imported $26.1M in Organic Composite Solvents, mainly from Malaysia ($7M), United States ($6.33M), South Korea ($4.83M), Japan ($2.03M), and Germany ($1.54M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Organic Composite Solvents EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
Philippines$4.32M (309%)
Malaysia$2.86M (188%)
Vietnam$973k (111%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Organic Composite Solvents BY Singapore WERE (2022 - 2023):
Bangladesh-$6.72M (-29.6%)
India-$2.15M (-62.4%)
China-$1.88M (-60.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Singapore's main exporting competitors in Organic Composite Solvents were:
In 2023, Singapore's main importing competitors in Organic Composite Solvents were:
France $99.9M
China $98.5M

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Trade Value of Organic Composite Solvents by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $830k
TOP IMPORT POTENTIALChina+ $585k

Organic Composite Solvents’s highest export potential is China. With an export gap of $830k.   Organic Composite Solvents’s highest import potential is China with an import gap of $585k.

See methodology.

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