2023
Exports
$13.3BWorld Rnk 21 / 226
Flag Rnk 7 / 21
2023
PRODUCT COMPLEXITY IN Plastics and Rubbers
1.66Rnk 27 / 1025
2023
Imports
$8.61BWorld Rnk 29 / 226
Flag Rnk 8 / 21
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $13.3B in Plastics and Rubbers, making it the 21st largest exporter of Plastics and Rubbers in the world. At the same year, Plastics and Rubbers was the 7th most exported product in Singapore. The main destination of Plastics and Rubbers exports from Singapore are: China ($3.59B), Malaysia ($1.21B), India ($1.1B), Indonesia ($1.03B), and United States ($1.01B).

The fastest growing export markets for Plastics and Rubbers of Singapore between 2022 and 2023 were Vietnam ($586M), South Korea ($111M), and Malaysia ($66.5M).

Imports In 2023, Singapore imported $8.61B in Plastics and Rubbers, becoming the 29th largest importer of Plastics and Rubbers in the world. At the same year, Plastics and Rubbers was the 8th most imported product in Singapore. Singapore imports Plastics and Rubbers primarily from: United States ($1.88B), Saudi Arabia ($1.45B), China ($1.15B), Malaysia ($1.12B), and Japan ($464M).

The fastest growing import markets in Plastics and Rubbers for Singapore between 2022 and 2023 were Lithuania ($43.7M), Mexico ($12.7M), and France ($12.4M).

COMPANIES In 2024, leading companies such as Goodyear Tire and Rubber (115), Sumitomo Rubber (40), and CONTINENTAL AUTOMOTIVE SYSTEMS, INC (33) were at the forefront of shipping Plastics and Rubbers from Singapore to the United States.

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 Plastics and Rubbers. 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)$13.3B
IMPORTS (2023)$8.61B
NET TRADE (2023)$4.7B

In 2023, Singapore exported $13.3B in Plastics and Rubbers. The main destinations of Singapore exports on Plastics and Rubbers were China ($3.59B), Malaysia ($1.21B), India ($1.1B), Indonesia ($1.03B), and United States ($1.01B).

In 2023, Singapore imported $8.61B in Plastics and Rubbers, mainly from United States ($1.88B), Saudi Arabia ($1.45B), China ($1.15B), Malaysia ($1.12B), and Japan ($464M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Plastics and Rubbers EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
Vietnam$586M (145%)
South Korea$111M (38.3%)
Malaysia$66.5M (5.81%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Plastics and Rubbers BY Singapore WERE (2022 - 2023):
China-$785M (-17.9%)
India-$541M (-32.9%)
United States-$274M (-21.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Singapore's main exporting competitors in Plastics and Rubbers were:
In 2023, Singapore's main importing competitors in Plastics and Rubbers were:

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Trade Value of Plastics and Rubbers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $206M
TOP IMPORT POTENTIALChina+ $360M

Plastics and Rubbers’s highest export potential is United States. With an export gap of $206M.   Plastics and Rubbers’s highest import potential is China with an import gap of $360M.

See methodology.

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