2023
Exports
$134MWorld Rnk 24 / 190
Flag Rnk 172 / 1202
2023
PRODUCT COMPLEXITY IN Special Pharmaceuticals
0.53Rnk 356 / 1025
2023
Imports
$310MWorld Rnk 14 / 220
Flag Rnk 137 / 1208
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $134M in Special Pharmaceuticals, making it the 24th largest exporter of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 172nd most exported product in Singapore. The main destination of Special Pharmaceuticals exports from Singapore are: China ($27.7M), Thailand ($19M), Chinese Taipei ($18.5M), Malaysia ($17M), and Vietnam ($13.3M).

The fastest growing export markets for Special Pharmaceuticals of Singapore between 2022 and 2023 were Malaysia ($15M), South Korea ($11.1M), and Thailand ($11M).

Imports In 2023, Singapore imported $310M in Special Pharmaceuticals, becoming the 14th largest importer of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 137th most imported product in Singapore. Singapore imports Special Pharmaceuticals primarily from: United States ($128M), Mexico ($62.2M), Germany ($42.2M), Switzerland ($21.6M), and Japan ($11.8M).

The fastest growing import markets in Special Pharmaceuticals for Singapore between 2022 and 2023 were Switzerland ($17.9M), Germany ($8.77M), and Belgium ($1.8M).

COMPANIES In 2024, leading companies such as Baxter Healthcare (5) were at the forefront of shipping Special Pharmaceuticals from Singapore to the United States.

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 Special Pharmaceuticals. 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)$134M
IMPORTS (2023)$310M
NET TRADE (2023)-$176M

In 2023, Singapore exported $134M in Special Pharmaceuticals. The main destinations of Singapore exports on Special Pharmaceuticals were China ($27.7M), Thailand ($19M), Chinese Taipei ($18.5M), Malaysia ($17M), and Vietnam ($13.3M).

In 2023, Singapore imported $310M in Special Pharmaceuticals, mainly from United States ($128M), Mexico ($62.2M), Germany ($42.2M), Switzerland ($21.6M), and Japan ($11.8M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Special Pharmaceuticals EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
Malaysia$15M (762%)
South Korea$11.1M (11.4k%)
Thailand$11M (139%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special Pharmaceuticals BY Singapore WERE (2022 - 2023):
Chinese Taipei-$51.2M (-73.5%)
Vietnam-$956k (-6.73%)
Iran-$833k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Special Pharmaceuticals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $5.15M
TOP IMPORT POTENTIALChina+ $5.7M

Special Pharmaceuticals’s highest export potential is China. With an export gap of $5.15M.   Special Pharmaceuticals’s highest import potential is China with an import gap of $5.7M.

See methodology.

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