2023
Exports
$205MWorld Rnk 54 / 210
Flag Rnk 135 / 1202
2023
PRODUCT COMPLEXITY IN Cars
0.9Rnk 206 / 1025
2023
Imports
$1.03BWorld Rnk 75 / 225
Flag Rnk 50 / 1208
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $205M in Cars, making it the 54th largest exporter of Cars in the world. At the same year, Cars was the 135th most exported product in Singapore. The main destination of Cars exports from Singapore are: Vietnam ($33.8M), Malaysia ($27.8M), Djibouti ($26.2M), Cambodia ($23.1M), and Philippines ($9.3M).

The fastest growing export markets for Cars of Singapore between 2022 and 2023 were Vietnam ($28.9M), Djibouti ($11.8M), and Philippines ($8.58M).

Imports In 2023, Singapore imported $1.03B in Cars, becoming the 75th largest importer of Cars in the world. At the same year, Cars was the 50th most imported product in Singapore. Singapore imports Cars primarily from: Japan ($249M), Germany ($228M), United Kingdom ($157M), China ($117M), and Italy ($73.1M).

The fastest growing import markets in Cars for Singapore between 2022 and 2023 were Japan ($53.2M), China ($39.2M), and United Kingdom ($18M).

COMPANIES In 2024, leading companies such as Team Hardinger (2), Hyosung (1), and Rolls-Royce (1) were at the forefront of shipping Cars from Singapore to the United States.

Latest Trends

Dec 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 (2023)$205M
IMPORTS (2023)$1.03B
NET TRADE (2023)-$824M

In 2023, Singapore exported $205M in Cars. The main destinations of Singapore exports on Cars were Vietnam ($33.8M), Malaysia ($27.8M), Djibouti ($26.2M), Cambodia ($23.1M), and Philippines ($9.3M).

In 2023, Singapore imported $1.03B in Cars, mainly from Japan ($249M), Germany ($228M), United Kingdom ($157M), China ($117M), and Italy ($73.1M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
Vietnam$28.9M (590%)
Djibouti$11.8M (81.4%)
Philippines$8.58M (1.19k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Singapore WERE (2022 - 2023):
Brunei-$28.6M (-87.1%)
India-$26.9M (-97%)
United Arab Emirates-$9.78M (-82.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Singapore's main exporting competitors in Cars were:
Japan $119B
China $74.5B
In 2023, 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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