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2022
Exports $1.21BWorld Rnk 1 / 108
Flag Rnk 44 / 1198
2022
Destination $10.8M Belgium
2021 - 2022
FASTEST GROWING MARKET $10.8MUnited States
2022
PRODUCT COMPLEXITY IN Glass Working Machines1.35Rnk 82 / 1025
2022
Imports $510MWorld Rnk 4 / 182
Flag Rnk 99 / 1213
2022
Origin $30.6M Chinese Taipei
2021 - 2022
FASTEST GROWING ORIGIN $30.6MChinese Taipei
2022
ECONOMIC COMPLEXITY of Singapore1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $1.21B in Glass Working Machines, making it the 1st largest exporter of Glass Working Machines in the world. At the same year, Glass Working Machines was the 44th most exported product in Singapore. The main destination of Glass Working Machines exports from Singapore are: Belgium ($651M), Chinese Taipei ($239M), United States ($178M), South Korea ($72.2M), and India ($30.8M).

The fastest growing export markets for Glass Working Machines of Singapore between 2021 and 2022 were United States ($10.8M), Turkey ($7.51M), and Norway ($6.07M).

Imports In 2022, Singapore imported $510M in Glass Working Machines, becoming the 4th largest importer of Glass Working Machines in the world. At the same year, Glass Working Machines was the 99th most imported product in Singapore. Singapore imports Glass Working Machines primarily from: Chinese Taipei ($252M), India ($136M), United Arab Emirates ($59.7M), China ($23.4M), and Japan ($9.81M).

The fastest growing import markets in Glass Working Machines for Singapore between 2021 and 2022 were Chinese Taipei ($30.6M), United Arab Emirates ($14.3M), and Turkey ($5.39M).

Latest Trends

Sep 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 Glass Working 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)$1.21B
IMPORTS (2022)$510M
NET TRADE (2022)$702M

In 2022, Singapore exported $1.21B in Glass Working Machines. The main destinations of Singapore exports on Glass Working Machines were Belgium ($651M), Chinese Taipei ($239M), United States ($178M), South Korea ($72.2M), and India ($30.8M).

In 2022, Singapore imported $510M in Glass Working Machines, mainly from Chinese Taipei ($252M), India ($136M), United Arab Emirates ($59.7M), China ($23.4M), and Japan ($9.81M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Glass Working Machines EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
United States$10.8M (6.47%)
Turkey$7.51M (53.5%)
Norway$6.07M (545%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Glass Working Machines BY Singapore WERE (2021 - 2022):
Belgium-$266M (-29%)
Chinese Taipei-$97.9M (-29.1%)
India-$25.5M (-45.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Glass Working Machines were:
Germany $879M
Japan $691M
In 2022, Singapore's main importing competitors in Glass Working Machines were:
United States $788M
Belgium $687M
Chinese Taipei $567M

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Trade Value of Glass Working Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $4.21M
TOP IMPORT POTENTIALMalaysia+ $4.04M

Glass Working Machines’s highest export potential is India. With an export gap of $4.21M.   Glass Working Machines’s highest import potential is Malaysia with an import gap of $4.04M.

See methodology.

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