2023
Exports
$779MWorld Rnk 11 / 176
Flag Rnk 49 / 1202
2023
PRODUCT COMPLEXITY IN Precious Metal Scraps
-0.62Rnk 738 / 1025
2023
Imports
$974MWorld Rnk 12 / 126
Flag Rnk 51 / 1208
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $779M in Precious Metal Scraps, making it the 11th largest exporter of Precious Metal Scraps in the world. At the same year, Precious Metal Scraps was the 49th most exported product in Singapore. The main destination of Precious Metal Scraps exports from Singapore are: Hong Kong ($415M), United Kingdom ($98.4M), Malaysia ($69M), Chinese Taipei ($61.1M), and Japan ($47.1M).

The fastest growing export markets for Precious Metal Scraps of Singapore between 2022 and 2023 were Hong Kong ($83.8M), Malaysia ($14.2M), and United States ($10.4M).

Imports In 2023, Singapore imported $974M in Precious Metal Scraps, becoming the 12th largest importer of Precious Metal Scraps in the world. At the same year, Precious Metal Scraps was the 51st most imported product in Singapore. Singapore imports Precious Metal Scraps primarily from: Cambodia ($501M), Thailand ($225M), Indonesia ($178M), Australia ($15.2M), and Malaysia ($15.1M).

The fastest growing import markets in Precious Metal Scraps for Singapore between 2022 and 2023 were Cambodia ($486M), Thailand ($205M), and Indonesia ($168M).

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 Precious Metal Scraps. 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)$779M
IMPORTS (2023)$974M
NET TRADE (2023)-$195M

In 2023, Singapore exported $779M in Precious Metal Scraps. The main destinations of Singapore exports on Precious Metal Scraps were Hong Kong ($415M), United Kingdom ($98.4M), Malaysia ($69M), Chinese Taipei ($61.1M), and Japan ($47.1M).

In 2023, Singapore imported $974M in Precious Metal Scraps, mainly from Cambodia ($501M), Thailand ($225M), Indonesia ($178M), Australia ($15.2M), and Malaysia ($15.1M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Scraps EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
Hong Kong$83.8M (25.3%)
Malaysia$14.2M (26%)
United States$10.4M (4.95k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Scraps BY Singapore WERE (2022 - 2023):
Japan-$59.9M (-56%)
Chinese Taipei-$37M (-37.7%)
Switzerland-$31.4M (-77.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Singapore's main exporting competitors in Precious Metal Scraps were:
In 2023, Singapore's main importing competitors in Precious Metal Scraps were:

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Trade Value of Precious Metal Scraps by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMalaysia+ $14M
TOP IMPORT POTENTIALMalaysia+ $13.1M

Precious Metal Scraps’s highest export potential is Malaysia. With an export gap of $14M.   Precious Metal Scraps’s highest import potential is Malaysia with an import gap of $13.1M.

See methodology.

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