2022
Exports
$238MWorld Rnk 51 / 210
Flag Rnk 149 / 1198
2022
PRODUCT COMPLEXITY IN Cars
0.9Rnk 207 / 1025
2022
Imports
$1.04BWorld Rnk 73 / 224
Flag Rnk 55 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $238M in Cars, making it the 51st largest exporter of Cars in the world. At the same year, Cars was the 149th most exported product in Singapore. The main destination of Cars exports from Singapore are: Malaysia ($35.3M), Brunei ($32.8M), India ($22.9M), Cambodia ($22.5M), and Indonesia ($17.1M).

The fastest growing export markets for Cars of Singapore between 2021 and 2022 were Cambodia ($19.8M), Malaysia ($9.97M), and Tanzania ($5.31M).

Imports In 2022, Singapore imported $1.04B in Cars, becoming the 73rd largest importer of Cars in the world. At the same year, Cars was the 55th most imported product in Singapore. Singapore imports Cars primarily from: Germany ($284M), Japan ($208M), United Kingdom ($101M), China ($89.5M), and South Africa ($71.6M).

The fastest growing import markets in Cars for Singapore between 2021 and 2022 were South Africa ($49M), Italy ($15.6M), and Hungary ($6.36M).

COMPANIES In 2023, leading companies such as Team Hardinger (4) and Giti Tire (1) were at the forefront of shipping Cars from Singapore to the United States.

Latest Trends

Aug 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 Cars. 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)$238M
IMPORTS (2022)$1.04B
NET TRADE (2022)-$805M

In 2022, Singapore exported $238M in Cars. The main destinations of Singapore exports on Cars were Malaysia ($35.3M), Brunei ($32.8M), India ($22.9M), Cambodia ($22.5M), and Indonesia ($17.1M).

In 2022, Singapore imported $1.04B in Cars, mainly from Germany ($284M), Japan ($208M), United Kingdom ($101M), China ($89.5M), and South Africa ($71.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Cambodia$19.8M (726%)
Malaysia$9.97M (39.4%)
Tanzania$5.31M (99.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Singapore WERE (2021 - 2022):
Brunei-$31.6M (-49.1%)
Indonesia-$9.76M (-36.3%)
South Korea-$9.22M (-79.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Cars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMalaysia+ $14M
TOP IMPORT POTENTIALGermany+ $90M

Cars’s highest export potential is Malaysia. With an export gap of $14M.   Cars’s highest import potential is Germany with an import gap of $90M.

See methodology.

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