2022
Exports
$764kWorld Rnk 49 / 155
Flag Rnk 956 / 1198
2022
PRODUCT COMPLEXITY IN Safes
0.76Rnk 261 / 1025
2022
Imports
$5.65MWorld Rnk 42 / 216
Flag Rnk 881 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $764k in Safes, making it the 49th largest exporter of Safes in the world. At the same year, Safes was the 956th most exported product in Singapore. The main destination of Safes exports from Singapore are: Indonesia ($349k), India ($78.1k), Malaysia ($64.9k), United States ($50.9k), and China ($39.5k).

The fastest growing export markets for Safes of Singapore between 2021 and 2022 were Indonesia ($161k), United States ($50.9k), and Vietnam ($27.9k).

Imports In 2022, Singapore imported $5.65M in Safes, becoming the 42nd largest importer of Safes in the world. At the same year, Safes was the 881st most imported product in Singapore. Singapore imports Safes primarily from: China ($2.66M), Germany ($1.03M), South Korea ($692k), United States ($230k), and Mexico ($230k).

The fastest growing import markets in Safes for Singapore between 2021 and 2022 were Germany ($311k), Chinese Taipei ($152k), and South Korea ($74.2k).

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 Safes. 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)$764k
IMPORTS (2022)$5.65M
NET TRADE (2022)-$4.88M

In 2022, Singapore exported $764k in Safes. The main destinations of Singapore exports on Safes were Indonesia ($349k), India ($78.1k), Malaysia ($64.9k), United States ($50.9k), and China ($39.5k).

In 2022, Singapore imported $5.65M in Safes, mainly from China ($2.66M), Germany ($1.03M), South Korea ($692k), United States ($230k), and Mexico ($230k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Safes EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Indonesia$161k (85.7%)
United States$50.9k (1%)
Vietnam$27.9k (3.23k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Safes BY Singapore WERE (2021 - 2022):
United Kingdom-$78.9k (-94.6%)
Malaysia-$62k (-48.9%)
Oman-$36.9k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Safes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $79.8k
TOP IMPORT POTENTIALChina+ $751k

Safes’s highest export potential is United States. With an export gap of $79.8k.   Safes’s highest import potential is China with an import gap of $751k.

See methodology.

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