2023
Exports
$65.6MWorld Rnk 86 / 223
Flag Rnk 20 / 21
2023
PRODUCT COMPLEXITY IN Wood Products
0.31Rnk 454 / 1025
2023
Imports
$459MWorld Rnk 50 / 226
Flag Rnk 20 / 21
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $65.6M in Wood Products, making it the 86th largest exporter of Wood Products in the world. At the same year, Wood Products was the 20th most exported product in Singapore. The main destination of Wood Products exports from Singapore are: Indonesia ($9.47M), Malaysia ($9.15M), Maldives ($8.56M), Israel ($6.3M), and Saudi Arabia ($3.13M).

The fastest growing export markets for Wood Products of Singapore between 2022 and 2023 were Indonesia ($7.93M), Maldives ($3.76M), and Saudi Arabia ($2.58M).

Imports In 2023, Singapore imported $459M in Wood Products, becoming the 50th largest importer of Wood Products in the world. At the same year, Wood Products was the 20th most imported product in Singapore. Singapore imports Wood Products primarily from: Malaysia ($170M), China ($122M), Indonesia ($60.9M), Vietnam ($29.5M), and Chinese Taipei ($6.99M).

The fastest growing import markets in Wood Products for Singapore between 2022 and 2023 were Chinese Taipei ($1.59M), Italy ($1.32M), and Colombia ($1.15M).

COMPANIES In 2024, leading companies such as Kontoor Brands (18), Haas Automation (2), and Robert Bosch (1) were at the forefront of shipping Wood Products 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 Wood Products. 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)$65.6M
IMPORTS (2023)$459M
NET TRADE (2023)-$393M

In 2023, Singapore exported $65.6M in Wood Products. The main destinations of Singapore exports on Wood Products were Indonesia ($9.47M), Malaysia ($9.15M), Maldives ($8.56M), Israel ($6.3M), and Saudi Arabia ($3.13M).

In 2023, Singapore imported $459M in Wood Products, mainly from Malaysia ($170M), China ($122M), Indonesia ($60.9M), Vietnam ($29.5M), and Chinese Taipei ($6.99M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Wood Products EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
Indonesia$7.93M (514%)
Maldives$3.76M (78.3%)
Saudi Arabia$2.58M (467%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Products BY Singapore WERE (2022 - 2023):
India-$50.5M (-98.2%)
Israel-$10.4M (-62.2%)
Netherlands-$3.8M (-63.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Singapore's main exporting competitors in Wood Products were:
China $15.6B
Canada $13.6B
Germany $10.8B
In 2023, Singapore's main importing competitors in Wood Products were:

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Trade Value of Wood Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.72M
TOP IMPORT POTENTIALChina+ $19.1M

Wood Products’s highest export potential is United States. With an export gap of $4.72M.   Wood Products’s highest import potential is China with an import gap of $19.1M.

See methodology.

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