2022
Exports
$13.1BWorld Rnk 9 / 176
Flag Rnk 4 / 1198
2022
PRODUCT COMPLEXITY IN Gold
-2.43Rnk 1016 / 1025
2022
Imports
$17.5BWorld Rnk 9 / 178
Flag Rnk 4 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $13.1B in Gold, making it the 9th largest exporter of Gold in the world. At the same year, Gold was the 4th most exported product in Singapore. The main destination of Gold exports from Singapore are: Cambodia ($6.94B), China ($1.27B), Malaysia ($1.16B), Thailand ($812M), and Indonesia ($656M).

The fastest growing export markets for Gold of Singapore between 2021 and 2022 were Thailand ($349M), Bangladesh ($149M), and United Arab Emirates ($121M).

Imports In 2022, Singapore imported $17.5B in Gold, becoming the 9th largest importer of Gold in the world. At the same year, Gold was the 4th most imported product in Singapore. Singapore imports Gold primarily from: Switzerland ($3.62B), Japan ($2.47B), Australia ($2.06B), United States ($1.82B), and United Kingdom ($1.34B).

The fastest growing import markets in Gold for Singapore between 2021 and 2022 were Switzerland ($1.45B), United States ($874M), and Japan ($616M).

Latest Trends

Sep 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 Gold. 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)$13.1B
IMPORTS (2022)$17.5B
NET TRADE (2022)-$4.36B

In 2022, Singapore exported $13.1B in Gold. The main destinations of Singapore exports on Gold were Cambodia ($6.94B), China ($1.27B), Malaysia ($1.16B), Thailand ($812M), and Indonesia ($656M).

In 2022, Singapore imported $17.5B in Gold, mainly from Switzerland ($3.62B), Japan ($2.47B), Australia ($2.06B), United States ($1.82B), and United Kingdom ($1.34B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gold EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Thailand$349M (75.4%)
Bangladesh$149M (229%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gold BY Singapore WERE (2021 - 2022):
Cambodia-$3.33B (-32.4%)
China-$953M (-42.9%)
India-$930M (-64%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Gold by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $590M
TOP IMPORT POTENTIALSouth Africa+ $207M

Gold’s highest export potential is China. With an export gap of $590M.   Gold’s highest import potential is South Africa with an import gap of $207M.

See methodology.

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