2022
Exports
$10.7MWorld Rnk 22 / 156
Flag Rnk 562 / 1198
2022
PRODUCT COMPLEXITY IN Drilling Machines
1.13Rnk 123 / 1025
2022
Imports
$15.1MWorld Rnk 41 / 210
Flag Rnk 724 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $10.7M in Drilling Machines, making it the 22nd largest exporter of Drilling Machines in the world. At the same year, Drilling Machines was the 562nd most exported product in Singapore. The main destination of Drilling Machines exports from Singapore are: Malaysia ($2.87M), Indonesia ($2.71M), India ($1.9M), Philippines ($589k), and Burma ($446k).

The fastest growing export markets for Drilling Machines of Singapore between 2021 and 2022 were India ($655k), Indonesia ($628k), and Burma ($446k).

Imports In 2022, Singapore imported $15.1M in Drilling Machines, becoming the 41st largest importer of Drilling Machines in the world. At the same year, Drilling Machines was the 724th most imported product in Singapore. Singapore imports Drilling Machines primarily from: China ($4.01M), Chinese Taipei ($3.41M), Germany ($1.68M), United States ($1.44M), and Japan ($935k).

The fastest growing import markets in Drilling Machines for Singapore between 2021 and 2022 were Chinese Taipei ($2.29M), China ($1.6M), and Germany ($1.1M).

COMPANIES In 2023, leading companies such as Team Hardinger (2) were at the forefront of shipping Drilling Machines from Singapore to the United States.

Latest Trends

Jul 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 Drilling Machines. 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)$10.7M
IMPORTS (2022)$15.1M
NET TRADE (2022)-$4.42M

In 2022, Singapore exported $10.7M in Drilling Machines. The main destinations of Singapore exports on Drilling Machines were Malaysia ($2.87M), Indonesia ($2.71M), India ($1.9M), Philippines ($589k), and Burma ($446k).

In 2022, Singapore imported $15.1M in Drilling Machines, mainly from China ($4.01M), Chinese Taipei ($3.41M), Germany ($1.68M), United States ($1.44M), and Japan ($935k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Drilling Machines EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
India$655k (52.8%)
Indonesia$628k (30.2%)
Burma$446k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Drilling Machines BY Singapore WERE (2021 - 2022):
Vietnam-$2.66M (-94.1%)
Malaysia-$1.19M (-29.4%)
China-$664k (-96.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Drilling Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $209k
TOP IMPORT POTENTIALChina+ $882k

Drilling Machines’s highest export potential is Germany. With an export gap of $209k.   Drilling Machines’s highest import potential is China with an import gap of $882k.

See methodology.

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