2022
Exports
$23.4BWorld Rnk 8 / 226
Flag Rnk 4 / 21
2022
PRODUCT COMPLEXITY IN Instruments
2.12Rnk 3 / 1025
2022
Imports
$16.1BWorld Rnk 12 / 226
Flag Rnk 7 / 21
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $23.4B in Instruments, making it the 8th largest exporter of Instruments in the world. At the same year, Instruments was the 4th most exported product in Singapore. The main destination of Instruments exports from Singapore are: United States ($4.28B), China ($3.65B), Chinese Taipei ($3.32B), Malaysia ($1.28B), and Netherlands ($1.28B).

The fastest growing export markets for Instruments of Singapore between 2021 and 2022 were Chinese Taipei ($682M), United Kingdom ($253M), and Malaysia ($136M).

Imports In 2022, Singapore imported $16.1B in Instruments, becoming the 12th largest importer of Instruments in the world. At the same year, Instruments was the 7th most imported product in Singapore. Singapore imports Instruments primarily from: United States ($3.45B), Malaysia ($2.11B), China ($2.03B), Switzerland ($1.88B), and Japan ($950M).

The fastest growing import markets in Instruments for Singapore between 2021 and 2022 were China ($523M), Switzerland ($287M), and Chinese Taipei ($111M).

COMPANIES In 2023, leading companies such as Baxter Healthcare (53), Robert Bosch (52), and Fuyao Glass (18) were at the forefront of shipping Instruments from Singapore to the United States.

Latest Trends

Aug 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 Instruments. 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)$23.4B
IMPORTS (2022)$16.1B
NET TRADE (2022)$7.27B

In 2022, Singapore exported $23.4B in Instruments. The main destinations of Singapore exports on Instruments were United States ($4.28B), China ($3.65B), Chinese Taipei ($3.32B), Malaysia ($1.28B), and Netherlands ($1.28B).

In 2022, Singapore imported $16.1B in Instruments, mainly from United States ($3.45B), Malaysia ($2.11B), China ($2.03B), Switzerland ($1.88B), and Japan ($950M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Instruments EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Chinese Taipei$682M (25.8%)
United Kingdom$253M (269%)
Malaysia$136M (11.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Instruments BY Singapore WERE (2021 - 2022):
China-$2.69B (-42.4%)
South Korea-$1.69B (-63.6%)
United States-$498M (-10.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Instruments were:
In 2022, Singapore's main importing competitors in Instruments were:

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Trade Value of Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $373M
TOP IMPORT POTENTIALChina+ $390M

Instruments’s highest export potential is China. With an export gap of $373M.   Instruments’s highest import potential is China with an import gap of $390M.

See methodology.

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