2022
Exports
$3.52MWorld Rnk 80 / 192
Flag Rnk 734 / 1198
2022
PRODUCT COMPLEXITY IN Packing Bags
-1.76Rnk 978 / 1025
2022
Imports
$39.9MWorld Rnk 33 / 223
Flag Rnk 512 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $3.52M in Packing Bags, making it the 80th largest exporter of Packing Bags in the world. At the same year, Packing Bags was the 734th most exported product in Singapore. The main destination of Packing Bags exports from Singapore are: Indonesia ($1.09M), United States ($397k), Malaysia ($337k), Chinese Taipei ($230k), and Australia ($184k).

The fastest growing export markets for Packing Bags of Singapore between 2021 and 2022 were United States ($182k), Indonesia ($116k), and Madagascar ($93.9k).

Imports In 2022, Singapore imported $39.9M in Packing Bags, becoming the 33rd largest importer of Packing Bags in the world. At the same year, Packing Bags was the 512th most imported product in Singapore. Singapore imports Packing Bags primarily from: China ($18.8M), Vietnam ($9.44M), Indonesia ($2.8M), Malaysia ($2.47M), and India ($1.78M).

The fastest growing import markets in Packing Bags for Singapore between 2021 and 2022 were China ($6.67M), Bangladesh ($364k), and Indonesia ($146k).

COMPANIES In 2023, leading companies such as Arhaus (1) were at the forefront of shipping Packing Bags from Singapore to the United States.

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 Packing Bags. 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)$3.52M
IMPORTS (2022)$39.9M
NET TRADE (2022)-$36.4M

In 2022, Singapore exported $3.52M in Packing Bags. The main destinations of Singapore exports on Packing Bags were Indonesia ($1.09M), United States ($397k), Malaysia ($337k), Chinese Taipei ($230k), and Australia ($184k).

In 2022, Singapore imported $39.9M in Packing Bags, mainly from China ($18.8M), Vietnam ($9.44M), Indonesia ($2.8M), Malaysia ($2.47M), and India ($1.78M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packing Bags EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
United States$182k (84.7%)
Indonesia$116k (11.9%)
Madagascar$93.9k (271%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packing Bags BY Singapore WERE (2021 - 2022):
Benin-$262k (-89.2%)
Australia-$179k (-49.2%)
Mozambique-$163k (-84.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Packing Bags were:
China $1.74B
India $1.39B
In 2022, Singapore's main importing competitors in Packing Bags were:

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Trade Value of Packing Bags by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $302k
TOP IMPORT POTENTIALIndia+ $2.38M

Packing Bags’s highest export potential is United States. With an export gap of $302k.   Packing Bags’s highest import potential is India with an import gap of $2.38M.

See methodology.

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