2022
Exports
$6.47MWorld Rnk 50 / 148
Flag Rnk 644 / 1198
2022
PRODUCT COMPLEXITY IN Rock Wool
0.63Rnk 307 / 1025
2022
Imports
$39.8MWorld Rnk 40 / 215
Flag Rnk 514 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $6.47M in Rock Wool, making it the 50th largest exporter of Rock Wool in the world. At the same year, Rock Wool was the 644th most exported product in Singapore. The main destination of Rock Wool exports from Singapore are: Norway ($2.6M), Indonesia ($1.62M), Vietnam ($457k), Malaysia ($267k), and India ($244k).

The fastest growing export markets for Rock Wool of Singapore between 2021 and 2022 were Indonesia ($766k), Norway ($521k), and United Kingdom ($221k).

Imports In 2022, Singapore imported $39.8M in Rock Wool, becoming the 40th largest importer of Rock Wool in the world. At the same year, Rock Wool was the 514th most imported product in Singapore. Singapore imports Rock Wool primarily from: China ($17.1M), Malaysia ($6.91M), United States ($3.73M), India ($2.21M), and Germany ($1.76M).

The fastest growing import markets in Rock Wool for Singapore between 2021 and 2022 were China ($5.68M), Malaysia ($3.01M), and India ($718k).

Latest Trends

Sep 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 Rock Wool. 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)$6.47M
IMPORTS (2022)$39.8M
NET TRADE (2022)-$33.3M

In 2022, Singapore exported $6.47M in Rock Wool. The main destinations of Singapore exports on Rock Wool were Norway ($2.6M), Indonesia ($1.62M), Vietnam ($457k), Malaysia ($267k), and India ($244k).

In 2022, Singapore imported $39.8M in Rock Wool, mainly from China ($17.1M), Malaysia ($6.91M), United States ($3.73M), India ($2.21M), and Germany ($1.76M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rock Wool EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Indonesia$766k (89.5%)
Norway$521k (25%)
United Kingdom$221k (302k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rock Wool BY Singapore WERE (2021 - 2022):
Australia-$339k (-84%)
Iraq-$134k (-100%)
South Korea-$125k (-91.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Rock Wool were:
In 2022, Singapore's main importing competitors in Rock Wool were:

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Trade Value of Rock Wool by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $223k
TOP IMPORT POTENTIALGermany+ $812k

Rock Wool’s highest export potential is India. With an export gap of $223k.   Rock Wool’s highest import potential is Germany with an import gap of $812k.

See methodology.

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