2023
Exports
$4.05BWorld Rnk 5 / 215
Flag Rnk 12 / 1202
2023
PRODUCT COMPLEXITY IN Chemical Analysis Instruments
1.72Rnk 22 / 1025
2023
Imports
$2BWorld Rnk 5 / 225
Flag Rnk 25 / 1208
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $4.05B in Chemical Analysis Instruments, making it the 5th largest exporter of Chemical Analysis Instruments in the world. At the same year, Chemical Analysis Instruments was the 12th most exported product in Singapore. The main destination of Chemical Analysis Instruments exports from Singapore are: China ($989M), United States ($907M), Netherlands ($319M), South Korea ($314M), and Germany ($269M).

The fastest growing export markets for Chemical Analysis Instruments of Singapore between 2022 and 2023 were South Korea ($189M), Japan ($105M), and Vietnam ($29.2M).

Imports In 2023, Singapore imported $2B in Chemical Analysis Instruments, becoming the 5th largest importer of Chemical Analysis Instruments in the world. At the same year, Chemical Analysis Instruments was the 25th most imported product in Singapore. Singapore imports Chemical Analysis Instruments primarily from: United States ($709M), Malaysia ($256M), Japan ($180M), China ($165M), and Sweden ($126M).

The fastest growing import markets in Chemical Analysis Instruments for Singapore between 2022 and 2023 were Malaysia ($27.4M), United States ($25.2M), and Ireland ($24.1M).

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 Chemical Analysis Instruments. 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)$4.05B
IMPORTS (2023)$2B
NET TRADE (2023)$2.05B

In 2023, Singapore exported $4.05B in Chemical Analysis Instruments. The main destinations of Singapore exports on Chemical Analysis Instruments were China ($989M), United States ($907M), Netherlands ($319M), South Korea ($314M), and Germany ($269M).

In 2023, Singapore imported $2B in Chemical Analysis Instruments, mainly from United States ($709M), Malaysia ($256M), Japan ($180M), China ($165M), and Sweden ($126M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Chemical Analysis Instruments EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
South Korea$189M (151%)
Japan$105M (82.8%)
Vietnam$29.2M (211%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chemical Analysis Instruments BY Singapore WERE (2022 - 2023):
China-$375M (-27.5%)
India-$191M (-46.8%)
United States-$103M (-10.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Singapore's main exporting competitors in Chemical Analysis Instruments were:
In 2023, Singapore's main importing competitors in Chemical Analysis Instruments were:

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Trade Value of Chemical Analysis Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMalaysia+ $23.3M
TOP IMPORT POTENTIALChina+ $35.3M

Chemical Analysis Instruments’s highest export potential is Malaysia. With an export gap of $23.3M.   Chemical Analysis Instruments’s highest import potential is China with an import gap of $35.3M.

See methodology.

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