2022
Exports
$15.3BWorld Rnk 16 / 226
Flag Rnk 7 / 96
2022
PRODUCT COMPLEXITY IN Plastics & articles thereof
1.72Rnk 19 / 1025
2022
Imports
$9.95BWorld Rnk 24 / 226
Flag Rnk 8 / 96
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $15.3B in Plastics & articles thereof, making it the 16th largest exporter of Plastics & articles thereof in the world. At the same year, Plastics & articles thereof was the 7th most exported product in Singapore. The main destination of Plastics & articles thereof exports from Singapore are: China ($5.32B), India ($1.37B), Indonesia ($1.26B), Malaysia ($1.24B), and United States ($1.13B).

The fastest growing export markets for Plastics & articles thereof of Singapore between 2021 and 2022 were United States ($710M), Netherlands ($228M), and India ($130M).

Imports In 2022, Singapore imported $9.95B in Plastics & articles thereof, becoming the 24th largest importer of Plastics & articles thereof in the world. At the same year, Plastics & articles thereof was the 8th most imported product in Singapore. Singapore imports Plastics & articles thereof primarily from: China ($2.37B), Saudi Arabia ($2.01B), United States ($1.78B), Malaysia ($970M), and Japan ($453M).

The fastest growing import markets in Plastics & articles thereof for Singapore between 2021 and 2022 were China ($1.03B), United States ($314M), and Lithuania ($48M).

COMPANIES In 2023, leading companies such as Direct Link (20), Conair (7), and Motorola (6) were at the forefront of shipping Plastics & articles thereof 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 Plastics & articles thereof. 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)$15.3B
IMPORTS (2022)$9.95B
NET TRADE (2022)$5.4B

In 2022, Singapore exported $15.3B in Plastics & articles thereof. The main destinations of Singapore exports on Plastics & articles thereof were China ($5.32B), India ($1.37B), Indonesia ($1.26B), Malaysia ($1.24B), and United States ($1.13B).

In 2022, Singapore imported $9.95B in Plastics & articles thereof, mainly from China ($2.37B), Saudi Arabia ($2.01B), United States ($1.78B), Malaysia ($970M), and Japan ($453M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Plastics & articles thereof EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
United States$710M (171%)
Netherlands$228M (275%)
India$130M (10.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Plastics & articles thereof BY Singapore WERE (2021 - 2022):
China-$316M (-5.6%)
Indonesia-$102M (-7.48%)
Hong Kong-$66.8M (-32.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Plastics & articles thereof were:
In 2022, Singapore's main importing competitors in Plastics & articles thereof were:

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Trade Value of Plastics & articles thereof by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $170M
TOP IMPORT POTENTIALChina+ $286M

Plastics & articles thereof’s highest export potential is United States. With an export gap of $170M.   Plastics & articles thereof’s highest import potential is China with an import gap of $286M.

See methodology.

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