2022
Exports
$378MWorld Rnk 26 / 223
Flag Rnk 104 / 1198
2022
PRODUCT COMPLEXITY IN Engine Parts
0.92Rnk 203 / 1025
2022
Imports
$1.12BWorld Rnk 19 / 224
Flag Rnk 47 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $378M in Engine Parts, making it the 26th largest exporter of Engine Parts in the world. At the same year, Engine Parts was the 104th most exported product in Singapore. The main destination of Engine Parts exports from Singapore are: Indonesia ($89.5M), India ($80.1M), Hong Kong ($50.6M), China ($27.4M), and Malaysia ($18.8M).

The fastest growing export markets for Engine Parts of Singapore between 2021 and 2022 were India ($47.5M), Hong Kong ($12.4M), and Indonesia ($11M).

Imports In 2022, Singapore imported $1.12B in Engine Parts, becoming the 19th largest importer of Engine Parts in the world. At the same year, Engine Parts was the 47th most imported product in Singapore. Singapore imports Engine Parts primarily from: South Korea ($222M), Bahrain ($157M), Japan ($147M), Germany ($113M), and Netherlands ($98.4M).

The fastest growing import markets in Engine Parts for Singapore between 2021 and 2022 were Bahrain ($75.1M), Netherlands ($31.1M), and South Korea ($25.6M).

COMPANIES In 2023, leading companies such as Rolls-Royce (4) and Robert Bosch (1) were at the forefront of shipping Engine Parts from Singapore to the United States.

Latest Trends

Nov 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 Engine 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)$378M
IMPORTS (2022)$1.12B
NET TRADE (2022)-$744M

In 2022, Singapore exported $378M in Engine Parts. The main destinations of Singapore exports on Engine Parts were Indonesia ($89.5M), India ($80.1M), Hong Kong ($50.6M), China ($27.4M), and Malaysia ($18.8M).

In 2022, Singapore imported $1.12B in Engine Parts, mainly from South Korea ($222M), Bahrain ($157M), Japan ($147M), Germany ($113M), and Netherlands ($98.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Engine Parts EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
India$47.5M (146%)
Hong Kong$12.4M (32.3%)
Indonesia$11M (14%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Engine Parts BY Singapore WERE (2021 - 2022):
China-$7.7M (-21.9%)
Brunei-$6.21M (-68.1%)
Australia-$4.16M (-40.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Engine Parts were:
China $7.96B
Japan $6.08B
In 2022, Singapore's main importing competitors in Engine Parts were:

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Trade Value of Engine Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $13.5M
TOP IMPORT POTENTIALChina+ $40.9M

Engine Parts’s highest export potential is China. With an export gap of $13.5M.   Engine Parts’s highest import potential is China with an import gap of $40.9M.

See methodology.

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