2022
Exports
$21MWorld Rnk 29 / 91
Flag Rnk 454 / 1198
2022
PRODUCT COMPLEXITY IN Steel Bars
0.58Rnk 331 / 1025
2022
Imports
$2.76MWorld Rnk 76 / 169
Flag Rnk 972 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $21M in Steel Bars, making it the 29th largest exporter of Steel Bars in the world. At the same year, Steel Bars was the 454th most exported product in Singapore. The main destination of Steel Bars exports from Singapore are: New Zealand ($18.9M), Indonesia ($1.54M), Brunei ($274k), Thailand ($137k), and Malaysia ($63.2k).

The fastest growing export markets for Steel Bars of Singapore between 2021 and 2022 were New Zealand ($3.55M), Indonesia ($635k), and Thailand ($137k).

Imports In 2022, Singapore imported $2.76M in Steel Bars, becoming the 76th largest importer of Steel Bars in the world. At the same year, Steel Bars was the 972nd most imported product in Singapore. Singapore imports Steel Bars primarily from: Japan ($1.19M), Malaysia ($904k), China ($324k), South Korea ($165k), and Indonesia ($80.8k).

The fastest growing import markets in Steel Bars for Singapore between 2021 and 2022 were Japan ($189k), Indonesia ($77.2k), and Italy ($15k).

Latest Trends

Apr 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 Steel Bars. 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)$21M
IMPORTS (2022)$2.76M
NET TRADE (2022)$18.2M

In 2022, Singapore exported $21M in Steel Bars. The main destinations of Singapore exports on Steel Bars were New Zealand ($18.9M), Indonesia ($1.54M), Brunei ($274k), Thailand ($137k), and Malaysia ($63.2k).

In 2022, Singapore imported $2.76M in Steel Bars, mainly from Japan ($1.19M), Malaysia ($904k), China ($324k), South Korea ($165k), and Indonesia ($80.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Steel Bars EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
New Zealand$3.55M (23.1%)
Indonesia$635k (69.8%)
Thailand$137k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steel Bars BY Singapore WERE (2021 - 2022):
Benin-$3.03M (-100%)
Senegal-$615k (-100%)
Sri Lanka-$520k (-99.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Steel Bars by Exporters

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