2021
Exports | Imports
$6.36B | $7.43BWorld Rnk 6 / 193
Flag Rnk 8 / 1195
World Rnk 5 / 210
Flag Rnk 5 / 1206
2021
ECONOMIC COMPLEXITY of Singapore
1.74Rnk 6 / 131
2021
PRODUCT COMPLEXITY IN Gas Turbines
0.7Rnk 276 / 1024

About

Exports In 2021, Singapore exported $6.36B in Gas Turbines, making it the 6th largest exporter of Gas Turbines in the world. At the same year, Gas Turbines was the 8th most exported product in Singapore. The main destination of Gas Turbines exports from Singapore are: Hong Kong ($1.03B), United States ($907M), China ($803M), New Zealand ($395M), and Netherlands ($305M).

The fastest growing export markets for Gas Turbines of Singapore between 2020 and 2021 were New Zealand ($289M), South Korea ($98.4M), and Norway ($59.5M).

Imports In 2021, Singapore imported $7.43B in Gas Turbines, becoming the 5th largest importer of Gas Turbines in the world. At the same year, Gas Turbines was the 5th most imported product in Singapore. Singapore imports Gas Turbines primarily from: United States ($2.85B), United Kingdom ($2.1B), Canada ($362M), Hong Kong ($283M), and France ($233M).

The fastest growing import markets in Gas Turbines for Singapore between 2020 and 2021 were United States ($278M), Italy ($125M), and Chinese Taipei ($38.2M).

Latest Trends

Dec 2023

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 Gas Turbines. 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 (2021)$6.36B
IMPORTS (2021)$7.43B
NET TRADE (2021)-$1.07B

In 2021, Singapore exported $6.36B in Gas Turbines. The main destinations of Singapore exports on Gas Turbines were Hong Kong ($1.03B), United States ($907M), China ($803M), New Zealand ($395M), and Netherlands ($305M).

In 2021, Singapore imported $7.43B in Gas Turbines, mainly from United States ($2.85B), United Kingdom ($2.1B), Canada ($362M), Hong Kong ($283M), and France ($233M).

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Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Gas Turbines EXPORT MARKETS FOR Singapore WERE (2020 - 2021):
New Zealand$289M (271%)
South Korea$98.4M (133%)
Norway$59.5M (173%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gas Turbines BY Singapore WERE (2020 - 2021):
United States-$1.11B (-55.1%)
Japan-$740M (-73%)
Hong Kong-$461M (-31%)

Change in Exports by Market (2020 - 2021)

Market Concentration

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Flow
Type
In 2021, Singapore's main exporting competitors in Gas Turbines were:
In 2021, Singapore's main importing competitors in Gas Turbines were:

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Trade Value of Gas Turbines by Exporters

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