2022
Exports
$1.03BWorld Rnk 48 / 160
Flag Rnk 51 / 1198
2022
PRODUCT COMPLEXITY IN Petroleum Gas
-1.98Rnk 1000 / 1025
2022
Imports
$7.14BWorld Rnk 20 / 222
Flag Rnk 9 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $1.03B in Petroleum Gas, making it the 48th largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 51st most exported product in Singapore. The main destination of Petroleum Gas exports from Singapore are: India ($686M), China ($137M), Japan ($42.9M), Malaysia ($39M), and Indonesia ($33.5M).

The fastest growing export markets for Petroleum Gas of Singapore between 2021 and 2022 were India ($426M), Bangladesh ($18.1M), and Brazil ($11M).

Imports In 2022, Singapore imported $7.14B in Petroleum Gas, becoming the 20th largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 9th most imported product in Singapore. Singapore imports Petroleum Gas primarily from: Indonesia ($3B), Australia ($1.81B), United States ($1.12B), Malaysia ($444M), and Qatar ($211M).

The fastest growing import markets in Petroleum Gas for Singapore between 2021 and 2022 were Australia ($633M), United States ($422M), and Indonesia ($320M).

Latest Trends

Sep 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 Petroleum Gas. 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)$1.03B
IMPORTS (2022)$7.14B
NET TRADE (2022)-$6.11B

In 2022, Singapore exported $1.03B in Petroleum Gas. The main destinations of Singapore exports on Petroleum Gas were India ($686M), China ($137M), Japan ($42.9M), Malaysia ($39M), and Indonesia ($33.5M).

In 2022, Singapore imported $7.14B in Petroleum Gas, mainly from Indonesia ($3B), Australia ($1.81B), United States ($1.12B), Malaysia ($444M), and Qatar ($211M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
India$426M (163%)
Bangladesh$18.1M (186%)
Brazil$11M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY Singapore WERE (2021 - 2022):
South Korea-$98.7M (-92.6%)
Japan-$93.7M (-68.6%)
Thailand-$73.7M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Petroleum Gas were:
In 2022, Singapore's main importing competitors in Petroleum Gas were:
China $72.7B
Italy $67.6B

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Trade Value of Petroleum Gas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $123M
TOP IMPORT POTENTIALMalaysia+ $371M

Petroleum Gas’s highest export potential is China. With an export gap of $123M.   Petroleum Gas’s highest import potential is Malaysia with an import gap of $371M.

See methodology.

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