2023
Exports
$49MWorld Rnk 36 / 136
Flag Rnk 285 / 1202
2023
PRODUCT COMPLEXITY IN Silver
-0.85Rnk 794 / 1025
2023
Imports
$264MWorld Rnk 19 / 179
Flag Rnk 154 / 1208
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $49M in Silver, making it the 36th largest exporter of Silver in the world. At the same year, Silver was the 285th most exported product in Singapore. The main destination of Silver exports from Singapore are: India ($9.87M), Switzerland ($8.06M), Malaysia ($8.02M), United States ($4.02M), and China ($3.67M).

The fastest growing export markets for Silver of Singapore between 2022 and 2023 were Switzerland ($6.98M), Malaysia ($4.39M), and China ($2.47M).

Imports In 2023, Singapore imported $264M in Silver, becoming the 19th largest importer of Silver in the world. At the same year, Silver was the 154th most imported product in Singapore. Singapore imports Silver primarily from: Japan ($72.4M), Indonesia ($36.4M), Hong Kong ($32.6M), China ($26M), and Chile ($25.7M).

The fastest growing import markets in Silver for Singapore between 2022 and 2023 were Japan ($8.55M), United Arab Emirates ($5.06M), and China ($4.74M).

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 Silver. 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)$49M
IMPORTS (2023)$264M
NET TRADE (2023)-$215M

In 2023, Singapore exported $49M in Silver. The main destinations of Singapore exports on Silver were India ($9.87M), Switzerland ($8.06M), Malaysia ($8.02M), United States ($4.02M), and China ($3.67M).

In 2023, Singapore imported $264M in Silver, mainly from Japan ($72.4M), Indonesia ($36.4M), Hong Kong ($32.6M), China ($26M), and Chile ($25.7M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Silver EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
Switzerland$6.98M (643%)
Malaysia$4.39M (121%)
China$2.47M (205%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silver BY Singapore WERE (2022 - 2023):
India-$34.8M (-77.9%)
Indonesia-$5.76M (-89.9%)
United States-$2.62M (-39.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Singapore's main exporting competitors in Silver were:
In 2023, Singapore's main importing competitors in Silver were:

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Trade Value of Silver by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.39M
TOP IMPORT POTENTIALChina+ $11.4M

Silver’s highest export potential is United States. With an export gap of $5.39M.   Silver’s highest import potential is China with an import gap of $11.4M.

See methodology.

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