globaltraffic.earth

Where does Singapore get its steel? Import sources 2024

In 2024, Singapore imported $2.7 billion of steel (3.3 million tonnes), 0.8% of the world total. Its main sources were Malaysia (34%), China (24%) and Japan (11%). Singapore was the world’s 32nd-largest importer of steel.

Summary

Value
$2.7billion
Tonnes
3.3million tonnes
Share of world total
0.8%
World rank
32nd
Routes from the main sources. Width: value; color: estimated transport mode.SeaAirLand

Sources

The 20 main sources in the latest year.

PartnerValue (USD millions)TonnesUSD per tonneShareMode
Malaysia897Tonnes: 1,055,497USD per tonne: $85033.6%Sea
China641Tonnes: 1,021,457USD per tonne: $62724%Sea
Japan307Tonnes: 326,680USD per tonne: $93811.5%Sea
Vietnam156Tonnes: 278,863USD per tonne: $5595.8%Sea
South Korea96.1Tonnes: 95,350USD per tonne: $1,0083.6%Sea
Taiwan92.5Tonnes: 85,554USD per tonne: $1,0813.5%Sea
Qatar87.4Tonnes: 157,180USD per tonne: $5563.3%Sea
Thailand61.6Tonnes: 65,647USD per tonne: $9382.3%Sea
Sweden44.4Tonnes: 11,068USD per tonne: $4,0081.7%Sea
Germany38.9Tonnes: 12,970USD per tonne: $3,0021.5%Sea
United States34.3Tonnes: 3,369USD per tonne: $10,1411.3%Sea
Turkey32.6Tonnes: 56,286USD per tonne: $5791.2%Sea
Belgium re-exports22.2Tonnes: 12,575USD per tonne: $1,7680.83%Sea
Oman18.8Tonnes: 33,577USD per tonne: $5590.7%Sea
Indonesia17.1Tonnes: 10,504USD per tonne: $1,6250.64%Sea
Australia13.2Tonnes: 22,881USD per tonne: $5750.49%Sea
New Zealand12.2Tonnes: 29,740USD per tonne: $4090.45%Sea
India10.7Tonnes: 3,489USD per tonne: $3,0670.4%Sea
Brazil9.8Tonnes: 1,409USD per tonne: $6,9810.37%Sea
United Kingdom8.9Tonnes: 1,566USD per tonne: $5,6650.33%Sea

Trend

Who it buys from

Malaysia has been its main source since 2024

Value in USD billions. The five largest sources in 2024.

  • Malaysia 0.9
  • China 0.64
  • Japan 0.31
  • Vietnam 0.16
  • South Korea 0.1

Source: CEPII BACI

Show the numbers
Partner19952024
Malaysia0.110.9
China0.090.64
Japan0.750.31
Vietnam< 0.010.16
South Korea0.150.1

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

See all products