2022
Exports
$28.6MWorld Rnk 29 / 165
Flag Rnk 402 / 1198
2022
PRODUCT COMPLEXITY IN Forging Machines
1.5Rnk 53 / 1025
2022
Imports
$45.3MWorld Rnk 39 / 211
Flag Rnk 476 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $28.6M in Forging Machines, making it the 29th largest exporter of Forging Machines in the world. At the same year, Forging Machines was the 402nd most exported product in Singapore. The main destination of Forging Machines exports from Singapore are: Indonesia ($5.7M), United Kingdom ($4.39M), Malaysia ($3.06M), China ($2.72M), and India ($2.25M).

The fastest growing export markets for Forging Machines of Singapore between 2021 and 2022 were Mexico ($2.05M), Italy ($1.65M), and Thailand ($734k).

Imports In 2022, Singapore imported $45.3M in Forging Machines, becoming the 39th largest importer of Forging Machines in the world. At the same year, Forging Machines was the 476th most imported product in Singapore. Singapore imports Forging Machines primarily from: Malaysia ($13.8M), China ($12.1M), Japan ($7.67M), Belgium ($1.94M), and Italy ($1.55M).

The fastest growing import markets in Forging Machines for Singapore between 2021 and 2022 were China ($3.47M), Mexico ($370k), and Finland ($337k).

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 Forging 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)$28.6M
IMPORTS (2022)$45.3M
NET TRADE (2022)-$16.7M

In 2022, Singapore exported $28.6M in Forging Machines. The main destinations of Singapore exports on Forging Machines were Indonesia ($5.7M), United Kingdom ($4.39M), Malaysia ($3.06M), China ($2.72M), and India ($2.25M).

In 2022, Singapore imported $45.3M in Forging Machines, mainly from Malaysia ($13.8M), China ($12.1M), Japan ($7.67M), Belgium ($1.94M), and Italy ($1.55M).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Forging Machines EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Mexico$2.05M (113k%)
Italy$1.65M (1.9k%)
Thailand$734k (369%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forging Machines BY Singapore WERE (2021 - 2022):
Vietnam-$4.45M (-80%)
China-$3.27M (-54.6%)
United Kingdom-$2.65M (-37.7%)

Change in Exports by Market (undefined - undefined)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Forging Machines were:
China $1.72B
Italy $1.2B
Germany $1.02B
In 2022, Singapore's main importing competitors in Forging Machines were:

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Trade Value of Forging Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.19M
TOP IMPORT POTENTIALChina+ $3.89M

Forging Machines’s highest export potential is China. With an export gap of $2.19M.   Forging Machines’s highest import potential is China with an import gap of $3.89M.

See methodology.

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