HS Icon Gas Turbines in  Flag Singapore

2020
Exports | Imports
: $9.24B | $8.7B, World Rnk 5 / 187
Flag Rnk 5 / 1195 | World Rnk 3 / 203
Flag Rnk 5 / 1209

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $677M | $1.27B, Hong Kong |  United States


ECONOMIC COMPLEXITY of Singapore
: 1.84, Rnk 6 / 127


PRODUCT COMPLEXITY  IN Gas Turbines
: 0.51, Rnk 358 / 1028

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).

Subnational Monthly Trade

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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

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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).

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IN 2020, Singapore HAD A POSITIVE NET TRADE IN Gas Turbines WITH:

IN 2020, Singapore HAD A NEGATIVE NET TRADE IN Gas Turbines WITH:

Flow

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):

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Market Concentration

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In 2019, Singapore's main exporting competitors in Gas Turbines were:

In 2019, Singapore's main importing competitors in Gas Turbines were:

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