2022
Exports
$215MWorld Rnk 24 / 186
Flag Rnk 156 / 1198
2022
PRODUCT COMPLEXITY IN Electric Motor Parts
0.66Rnk 292 / 1025
2022
Imports
$110MWorld Rnk 39 / 219
Flag Rnk 306 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $215M in Electric Motor Parts, making it the 24th largest exporter of Electric Motor Parts in the world. At the same year, Electric Motor Parts was the 156th most exported product in Singapore. The main destination of Electric Motor Parts exports from Singapore are: United States ($63.6M), Philippines ($25.4M), Thailand ($19.2M), Bangladesh ($12.4M), and Malaysia ($11.2M).

The fastest growing export markets for Electric Motor Parts of Singapore between 2021 and 2022 were Thailand ($16.7M), United States ($13.1M), and United Arab Emirates ($6.61M).

Imports In 2022, Singapore imported $110M in Electric Motor Parts, becoming the 39th largest importer of Electric Motor Parts in the world. At the same year, Electric Motor Parts was the 306th most imported product in Singapore. Singapore imports Electric Motor Parts primarily from: United States ($27.7M), China ($25.4M), Germany ($10.5M), United Kingdom ($6.91M), and Finland ($6.36M).

The fastest growing import markets in Electric Motor Parts for Singapore between 2021 and 2022 were United States ($6.22M), Netherlands ($2.62M), and Malaysia ($2.11M).

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 Electric Motor Parts. 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)$215M
IMPORTS (2022)$110M
NET TRADE (2022)$105M

In 2022, Singapore exported $215M in Electric Motor Parts. The main destinations of Singapore exports on Electric Motor Parts were United States ($63.6M), Philippines ($25.4M), Thailand ($19.2M), Bangladesh ($12.4M), and Malaysia ($11.2M).

In 2022, Singapore imported $110M in Electric Motor Parts, mainly from United States ($27.7M), China ($25.4M), Germany ($10.5M), United Kingdom ($6.91M), and Finland ($6.36M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Motor Parts EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Thailand$16.7M (667%)
United States$13.1M (26%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Motor Parts BY Singapore WERE (2021 - 2022):
Malaysia-$10.3M (-48%)
Bangladesh-$4.82M (-27.9%)
Indonesia-$2.8M (-23.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Electric Motor Parts were:
China $6.95B
Germany $2.21B
Japan $1.62B
In 2022, Singapore's main importing competitors in Electric Motor Parts were:

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Trade Value of Electric Motor Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $5.07M
TOP IMPORT POTENTIALChina+ $12.1M

Electric Motor Parts’s highest export potential is China. With an export gap of $5.07M.   Electric Motor Parts’s highest import potential is China with an import gap of $12.1M.

See methodology.

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