2023
Exports
$245MWorld Rnk 32 / 222
Flag Rnk 125 / 1202
2023
PRODUCT COMPLEXITY IN Engine Parts
1.05Rnk 160 / 1025
2023
Imports
$853MWorld Rnk 22 / 224
Flag Rnk 59 / 1208
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $245M in Engine Parts, making it the 32nd largest exporter of Engine Parts in the world. At the same year, Engine Parts was the 125th most exported product in Singapore. The main destination of Engine Parts exports from Singapore are: South Korea ($39.9M), Hong Kong ($30.3M), Indonesia ($21.8M), Malaysia ($17.4M), and China ($16.8M).

The fastest growing export markets for Engine Parts of Singapore between 2022 and 2023 were South Korea ($33.8M), Russia ($13.4M), and Malaysia ($9.03M).

Imports In 2023, Singapore imported $853M in Engine Parts, becoming the 22nd largest importer of Engine Parts in the world. At the same year, Engine Parts was the 59th most imported product in Singapore. Singapore imports Engine Parts primarily from: Germany ($189M), Japan ($163M), United States ($125M), South Korea ($80.8M), and China ($52.4M).

The fastest growing import markets in Engine Parts for Singapore between 2022 and 2023 were Germany ($24M), United States ($17.1M), and Japan ($7.59M).

COMPANIES In 2024, leading companies such as Cummins Jaw Warehouse (4) and Rolls-Royce (2) were at the forefront of shipping Engine Parts from Singapore to the United States.

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$245M
IMPORTS (2023)$853M
NET TRADE (2023)-$607M

In 2023, Singapore exported $245M in Engine Parts. The main destinations of Singapore exports on Engine Parts were South Korea ($39.9M), Hong Kong ($30.3M), Indonesia ($21.8M), Malaysia ($17.4M), and China ($16.8M).

In 2023, Singapore imported $853M in Engine Parts, mainly from Germany ($189M), Japan ($163M), United States ($125M), South Korea ($80.8M), and China ($52.4M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Engine Parts EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
South Korea$33.8M (556%)
Russia$13.4M (810%)
Malaysia$9.03M (109%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Engine Parts BY Singapore WERE (2022 - 2023):
India-$84.5M (-92.2%)
Hong Kong-$22.8M (-42.9%)
Indonesia-$5.94M (-21.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Singapore's main exporting competitors in Engine Parts were:
In 2023, Singapore's main importing competitors in Engine Parts were:

Explore Visualizations

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with