Gas Turbines in Singapore 2020 Exports | Imports : $9.24B | $8.7B, World Rnk 5 / 187 Rnk 5 / 1195 | World Rnk 3 / 203 Rnk 5 / 1209
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $677M | $1.27B, Hong Kong | United States
2020 ECONOMIC COMPLEXITY of Singapore: 1.84, Rnk 6 / 127
2020 PRODUCT COMPLEXITY IN Gas Turbines: 0.72, Rnk 273 / 1029
Exports In 2020, Singapore exported $9.24B in Gas Turbines, making it the 5th largest exporter of Gas Turbines in the world. At the same year, Gas Turbines was the 5th most exported product in Singapore. The main destination of Gas Turbines exports from Singapore are: United States ($2.02B), Hong Kong ($1.51B), Japan ($1.02B), China ($1.01B), and United Kingdom ($370M).
The fastest growing export markets for Gas Turbines of Singapore between 2019 and 2020 were Hong Kong ($677M), China ($220M), and Vietnam ($91.2M).
Imports In 2020, Singapore imported $8.7B in Gas Turbines, becoming the 3rd 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 ($2.59B), United Kingdom ($2.52B), Hong Kong ($651M), Canada ($343M), and China ($320M).
The fastest growing import markets in Gas Turbines for Singapore between 2019 and 2020 were United States ($1.27B), Hong Kong ($602M), and Ethiopia ($58.5M).
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.
EXPORTS (2020): $9.24B
IMPORTS (2020): $8.7B
NET TRADE (2020): $542M
In 2020, Singapore exported $9.24B in Gas Turbines. The main destinations of Singapore exports on Gas Turbines were United States ($2.02B), Hong Kong ($1.51B), Japan ($1.02B), China ($1.01B), and United Kingdom ($370M).
In 2020, Singapore imported $8.7B in Gas Turbines, mainly from United States ($2.59B), United Kingdom ($2.52B), Hong Kong ($651M), Canada ($343M), and China ($320M).
THE FASTEST GROWING Gas Turbines EXPORT MARKETS FOR Singapore WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gas Turbines BY Singapore WERE (2019 - 2020):
In 2020, Singapore's main exporting competitors in Gas Turbines were:
In 2020, Singapore's main importing competitors in Gas Turbines were:
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