2022
Exports
$19.1BWorld Rnk 15 / 220
Flag Rnk 5 / 21
2022
PRODUCT COMPLEXITY IN Precious Metals
0.58Rnk 328 / 1025
2022
Imports
$26.2BWorld Rnk 9 / 225
Flag Rnk 4 / 21
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $19.1B in Precious Metals, making it the 15th largest exporter of Precious Metals in the world. At the same year, Precious Metals was the 5th most exported product in Singapore. The main destination of Precious Metals exports from Singapore are: Cambodia ($6.94B), Malaysia ($1.43B), China ($1.33B), Hong Kong ($1.21B), and United States ($1.17B).

The fastest growing export markets for Precious Metals of Singapore between 2021 and 2022 were United States ($525M), Thailand ($380M), and Bangladesh ($270M).

Imports In 2022, Singapore imported $26.2B in Precious Metals, becoming the 9th largest importer of Precious Metals in the world. At the same year, Precious Metals was the 4th most imported product in Singapore. Singapore imports Precious Metals primarily from: Switzerland ($4.28B), United States ($3.06B), Japan ($2.88B), Australia ($2.21B), and Hong Kong ($1.64B).

The fastest growing import markets in Precious Metals for Singapore between 2021 and 2022 were Switzerland ($1.65B), United States ($1.11B), and Japan ($703M).

Latest Trends

Aug 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 Metals. 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)$19.1B
IMPORTS (2022)$26.2B
NET TRADE (2022)-$7.05B

In 2022, Singapore exported $19.1B in Precious Metals. The main destinations of Singapore exports on Precious Metals were Cambodia ($6.94B), Malaysia ($1.43B), China ($1.33B), Hong Kong ($1.21B), and United States ($1.17B).

In 2022, Singapore imported $26.2B in Precious Metals, mainly from Switzerland ($4.28B), United States ($3.06B), Japan ($2.88B), Australia ($2.21B), and Hong Kong ($1.64B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Metals EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
United States$525M (82%)
Thailand$380M (73.4%)
Bangladesh$270M (183%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metals BY Singapore WERE (2021 - 2022):
Cambodia-$3.33B (-32.4%)
China-$959M (-41.9%)
Malaysia-$736M (-33.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Precious Metals were:
In 2022, Singapore's main importing competitors in Precious Metals were:

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Trade Value of Precious Metals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $613M
TOP IMPORT POTENTIALIndia+ $240M

Precious Metals’s highest export potential is China. With an export gap of $613M.   Precious Metals’s highest import potential is India with an import gap of $240M.

See methodology.

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