2022
Exports
$127MWorld Rnk 20 / 169
Flag Rnk 201 / 1198
2022
PRODUCT COMPLEXITY IN Cranes
0.76Rnk 258 / 1025
2022
Imports
$479MWorld Rnk 8 / 215
Flag Rnk 107 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $127M in Cranes, making it the 20th largest exporter of Cranes in the world. At the same year, Cranes was the 201st most exported product in Singapore. The main destination of Cranes exports from Singapore are: Indonesia ($51.7M), Chinese Taipei ($13.9M), South Korea ($11.8M), India ($7.01M), and Hong Kong ($6.26M).

The fastest growing export markets for Cranes of Singapore between 2021 and 2022 were Indonesia ($38.6M), South Korea ($10M), and India ($4.66M).

Imports In 2022, Singapore imported $479M in Cranes, becoming the 8th largest importer of Cranes in the world. At the same year, Cranes was the 107th most imported product in Singapore. Singapore imports Cranes primarily from: China ($360M), Japan ($23.9M), Malaysia ($13M), Germany ($10.5M), and Italy ($9.3M).

The fastest growing import markets in Cranes for Singapore between 2021 and 2022 were China ($15.1M), Japan ($9.72M), and Belgium ($5.86M).

COMPANIES In 2023, leading companies such as Sumitomo Rubber (16), Yokohama Industries (12), and American Omni Trading Company (7) were at the forefront of shipping Cranes 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 Cranes. 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)$127M
IMPORTS (2022)$479M
NET TRADE (2022)-$352M

In 2022, Singapore exported $127M in Cranes. The main destinations of Singapore exports on Cranes were Indonesia ($51.7M), Chinese Taipei ($13.9M), South Korea ($11.8M), India ($7.01M), and Hong Kong ($6.26M).

In 2022, Singapore imported $479M in Cranes, mainly from China ($360M), Japan ($23.9M), Malaysia ($13M), Germany ($10.5M), and Italy ($9.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cranes EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Indonesia$38.6M (294%)
South Korea$10M (581%)
India$4.66M (199%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cranes BY Singapore WERE (2021 - 2022):
Bangladesh-$7.54M (-99.5%)
Malaysia-$2.78M (-34%)
Netherlands-$2.72M (-50.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Cranes were:
China $4.1B
Germany $1.93B
Italy $1.28B
In 2022, Singapore's main importing competitors in Cranes were:

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Trade Value of Cranes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.42M
TOP IMPORT POTENTIALGermany+ $5.17M

Cranes’s highest export potential is United States. With an export gap of $3.42M.   Cranes’s highest import potential is Germany with an import gap of $5.17M.

See methodology.

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