2022
Exports
$14.1BWorld Rnk 15 / 223
Flag Rnk 8 / 96
2022
PRODUCT COMPLEXITY IN Pharmaceutical products
1.38Rnk 75 / 1025
2022
Imports
$4.85BWorld Rnk 29 / 226
Flag Rnk 9 / 96
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $14.1B in Pharmaceutical products, making it the 15th largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 8th most exported product in Singapore. The main destination of Pharmaceutical products exports from Singapore are: United States ($4.07B), Switzerland ($3.32B), Japan ($880M), China ($734M), and Germany ($546M).

The fastest growing export markets for Pharmaceutical products of Singapore between 2021 and 2022 were South Korea ($125M), Canada ($63.4M), and Ireland ($45M).

Imports In 2022, Singapore imported $4.85B in Pharmaceutical products, becoming the 29th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 9th most imported product in Singapore. Singapore imports Pharmaceutical products primarily from: United States ($754M), France ($750M), Spain ($696M), Belgium ($311M), and Switzerland ($277M).

The fastest growing import markets in Pharmaceutical products for Singapore between 2021 and 2022 were Spain ($668M), United States ($126M), and Ireland ($86M).

COMPANIES In 2023, leading companies such as HP Inc (3), Baxter Healthcare (2), and Conair (1) were at the forefront of shipping Pharmaceutical products from Singapore to the United States.

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 Pharmaceutical products. 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)$14.1B
IMPORTS (2022)$4.85B
NET TRADE (2022)$9.27B

In 2022, Singapore exported $14.1B in Pharmaceutical products. The main destinations of Singapore exports on Pharmaceutical products were United States ($4.07B), Switzerland ($3.32B), Japan ($880M), China ($734M), and Germany ($546M).

In 2022, Singapore imported $4.85B in Pharmaceutical products, mainly from United States ($754M), France ($750M), Spain ($696M), Belgium ($311M), and Switzerland ($277M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
South Korea$125M (68.9%)
Canada$63.4M (96.8%)
Ireland$45M (85.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Singapore WERE (2021 - 2022):
United States-$1.23B (-23.2%)
Switzerland-$581M (-14.9%)
Japan-$255M (-22.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Pharmaceutical products were:
In 2022, Singapore's main importing competitors in Pharmaceutical products were:

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $301M
TOP IMPORT POTENTIALGermany+ $122M

Pharmaceutical products’s highest export potential is China. With an export gap of $301M.   Pharmaceutical products’s highest import potential is Germany with an import gap of $122M.

See methodology.

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