2023
Exports
$47.8MWorld Rnk 33 / 151
Flag Rnk 288 / 1202
2023
PRODUCT COMPLEXITY IN Buses
0.24Rnk 481 / 1025
2023
Imports
$46MWorld Rnk 81 / 212
Flag Rnk 453 / 1208
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $47.8M in Buses, making it the 33rd largest exporter of Buses in the world. At the same year, Buses was the 288th most exported product in Singapore. The main destination of Buses exports from Singapore are: Thailand ($22.2M), Hong Kong ($10.3M), Australia ($6.66M), Malaysia ($5.63M), and Djibouti ($564k).

The fastest growing export markets for Buses of Singapore between 2022 and 2023 were Thailand ($9.32M), Malaysia ($5.61M), and Australia ($3.36M).

Imports In 2023, Singapore imported $46M in Buses, becoming the 81st largest importer of Buses in the world. At the same year, Buses was the 453rd most imported product in Singapore. Singapore imports Buses primarily from: Malaysia ($12.4M), China ($11.2M), Thailand ($9.62M), Germany ($4.83M), and Poland ($3.45M).

The fastest growing import markets in Buses for Singapore between 2022 and 2023 were China ($5.05M), Germany ($3.61M), and Poland ($3.45M).

COMPANIES In 2024, leading companies such as Kubota (1) were at the forefront of shipping Buses from Singapore to the United States.

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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 Buses. 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)$47.8M
IMPORTS (2023)$46M
NET TRADE (2023)$1.9M

In 2023, Singapore exported $47.8M in Buses. The main destinations of Singapore exports on Buses were Thailand ($22.2M), Hong Kong ($10.3M), Australia ($6.66M), Malaysia ($5.63M), and Djibouti ($564k).

In 2023, Singapore imported $46M in Buses, mainly from Malaysia ($12.4M), China ($11.2M), Thailand ($9.62M), Germany ($4.83M), and Poland ($3.45M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Buses EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
Thailand$9.32M (72.2%)
Malaysia$5.61M (22.8k%)
Australia$3.36M (102%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Buses BY Singapore WERE (2022 - 2023):
United States-$1.86M (-92.4%)
Egypt-$578k (-96.3%)
Pakistan-$210k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Singapore's main exporting competitors in Buses were:
China $3.94B
Turkey $2.49B
Japan $2.3B
In 2023, Singapore's main importing competitors in Buses were:

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Trade Value of Buses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.26M
TOP IMPORT POTENTIALChina+ $4.01M

Buses’s highest export potential is United States. With an export gap of $1.26M.   Buses’s highest import potential is China with an import gap of $4.01M.

See methodology.

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