2022
Exports
$3.33MWorld Rnk 74 / 177
Flag Rnk 745 / 1198
2022
PRODUCT COMPLEXITY IN Wood Carpentry
-0.052Rnk 563 / 1025
2022
Imports
$96.7MWorld Rnk 27 / 222
Flag Rnk 338 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $3.33M in Wood Carpentry, making it the 74th largest exporter of Wood Carpentry in the world. At the same year, Wood Carpentry was the 745th most exported product in Singapore. The main destination of Wood Carpentry exports from Singapore are: Malaysia ($436k), South Korea ($343k), Indonesia ($270k), Maldives ($254k), and Norway ($246k).

The fastest growing export markets for Wood Carpentry of Singapore between 2021 and 2022 were South Korea ($342k), Australia ($211k), and Canada ($188k).

Imports In 2022, Singapore imported $96.7M in Wood Carpentry, becoming the 27th largest importer of Wood Carpentry in the world. At the same year, Wood Carpentry was the 338th most imported product in Singapore. Singapore imports Wood Carpentry primarily from: China ($61.7M), Malaysia ($20.3M), Austria ($5.16M), Indonesia ($2.9M), and Burma ($1.17M).

The fastest growing import markets in Wood Carpentry for Singapore between 2021 and 2022 were China ($46.5M), Malaysia ($9.64M), and Indonesia ($1.21M).

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 Wood Carpentry. 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)$3.33M
IMPORTS (2022)$96.7M
NET TRADE (2022)-$93.3M

In 2022, Singapore exported $3.33M in Wood Carpentry. The main destinations of Singapore exports on Wood Carpentry were Malaysia ($436k), South Korea ($343k), Indonesia ($270k), Maldives ($254k), and Norway ($246k).

In 2022, Singapore imported $96.7M in Wood Carpentry, mainly from China ($61.7M), Malaysia ($20.3M), Austria ($5.16M), Indonesia ($2.9M), and Burma ($1.17M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood Carpentry EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
South Korea$342k (28.3k%)
Australia$211k (2.43k%)
Canada$188k (6.53k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Carpentry BY Singapore WERE (2021 - 2022):
Malaysia-$327k (-42.9%)
United Kingdom-$324k (-90.8%)
Cambodia-$198k (-96.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Wood Carpentry were:
Canada $1.96B
China $1.89B
Austria $1.87B
In 2022, Singapore's main importing competitors in Wood Carpentry were:

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Trade Value of Wood Carpentry by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $403k
TOP IMPORT POTENTIALMalaysia+ $3.6M

Wood Carpentry’s highest export potential is United States. With an export gap of $403k.   Wood Carpentry’s highest import potential is Malaysia with an import gap of $3.6M.

See methodology.

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