2022
Exports
$20.3MWorld Rnk 27 / 200
Flag Rnk 457 / 1198
2022
PRODUCT COMPLEXITY IN Pens
0.7Rnk 277 / 1025
2022
Imports
$74MWorld Rnk 28 / 222
Flag Rnk 383 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $20.3M in Pens, making it the 27th largest exporter of Pens in the world. At the same year, Pens was the 457th most exported product in Singapore. The main destination of Pens exports from Singapore are: Hong Kong ($3.31M), Malaysia ($3.01M), Bangladesh ($2.11M), Vietnam ($1.6M), and Cambodia ($1.57M).

The fastest growing export markets for Pens of Singapore between 2021 and 2022 were Bangladesh ($877k), Cambodia ($862k), and United States ($722k).

Imports In 2022, Singapore imported $74M in Pens, becoming the 28th largest importer of Pens in the world. At the same year, Pens was the 383rd most imported product in Singapore. Singapore imports Pens primarily from: China ($32.5M), Japan ($15.1M), Germany ($11.7M), Malaysia ($7.35M), and Indonesia ($1.51M).

The fastest growing import markets in Pens for Singapore between 2021 and 2022 were China ($23M), Germany ($1.65M), and Japan ($950k).

Latest Trends

Jul 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 Pens. 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)$20.3M
IMPORTS (2022)$74M
NET TRADE (2022)-$53.7M

In 2022, Singapore exported $20.3M in Pens. The main destinations of Singapore exports on Pens were Hong Kong ($3.31M), Malaysia ($3.01M), Bangladesh ($2.11M), Vietnam ($1.6M), and Cambodia ($1.57M).

In 2022, Singapore imported $74M in Pens, mainly from China ($32.5M), Japan ($15.1M), Germany ($11.7M), Malaysia ($7.35M), and Indonesia ($1.51M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pens EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Bangladesh$877k (71.1%)
Cambodia$862k (122%)
United States$722k (195%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pens BY Singapore WERE (2021 - 2022):
China-$755k (-76.3%)
Belgium-$434k (-73.4%)
Mexico-$373k (-99.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Pens were:
China $2.39B
Japan $1.02B
In 2022, Singapore's main importing competitors in Pens were:

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Trade Value of Pens by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $916k
TOP IMPORT POTENTIALChina+ $4.29M

Pens’s highest export potential is United States. With an export gap of $916k.   Pens’s highest import potential is China with an import gap of $4.29M.

See methodology.

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