2023
Exports
$314MWorld Rnk 15 / 204
Flag Rnk 103 / 1202
2023
PRODUCT COMPLEXITY IN Paintings
0.52Rnk 363 / 1025
2023
Imports
$673MWorld Rnk 8 / 211
Flag Rnk 71 / 1208
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $314M in Paintings, making it the 15th largest exporter of Paintings in the world. At the same year, Paintings was the 103rd most exported product in Singapore. The main destination of Paintings exports from Singapore are: Hong Kong ($229M), South Korea ($24M), France ($16.5M), China ($14.3M), and United States ($9.03M).

The fastest growing export markets for Paintings of Singapore between 2022 and 2023 were Hong Kong ($51M), South Korea ($22.7M), and China ($12.9M).

Imports In 2023, Singapore imported $673M in Paintings, becoming the 8th largest importer of Paintings in the world. At the same year, Paintings was the 71st most imported product in Singapore. Singapore imports Paintings primarily from: United States ($230M), Hong Kong ($158M), United Kingdom ($79.5M), France ($68.8M), and China ($29.3M).

The fastest growing import markets in Paintings for Singapore between 2022 and 2023 were Hong Kong ($102M), United Kingdom ($49.3M), and Switzerland ($14.8M).

COMPANIES In 2024, leading companies such as AGCO (1) were at the forefront of shipping Paintings from Singapore to the United States.

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 Paintings. 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)$314M
IMPORTS (2023)$673M
NET TRADE (2023)-$359M

In 2023, Singapore exported $314M in Paintings. The main destinations of Singapore exports on Paintings were Hong Kong ($229M), South Korea ($24M), France ($16.5M), China ($14.3M), and United States ($9.03M).

In 2023, Singapore imported $673M in Paintings, mainly from United States ($230M), Hong Kong ($158M), United Kingdom ($79.5M), France ($68.8M), and China ($29.3M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Paintings EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
Hong Kong$51M (28.6%)
South Korea$22.7M (1.83k%)
China$12.9M (881%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Paintings BY Singapore WERE (2022 - 2023):
Switzerland-$8.82M (-86.8%)
Nepal-$273k (-99.8%)
Portugal-$214k (-98.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Paintings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.87M
TOP IMPORT POTENTIALChina+ $4.62M

Paintings’s highest export potential is United States. With an export gap of $5.87M.   Paintings’s highest import potential is China with an import gap of $4.62M.

See methodology.

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