2022
Exports
$194MWorld Rnk 23 / 213
Flag Rnk 167 / 1198
2022
PRODUCT COMPLEXITY IN Interchangeable Tool Parts
1.7Rnk 24 / 1025
2022
Imports
$296MWorld Rnk 23 / 225
Flag Rnk 164 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $194M in Interchangeable Tool Parts, making it the 23rd largest exporter of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 167th most exported product in Singapore. The main destination of Interchangeable Tool Parts exports from Singapore are: Malaysia ($45.6M), Indonesia ($30.4M), India ($13.9M), Thailand ($11.4M), and Chinese Taipei ($10.7M).

The fastest growing export markets for Interchangeable Tool Parts of Singapore between 2021 and 2022 were Chinese Taipei ($3.1M), Malaysia ($2.45M), and Sweden ($1.58M).

Imports In 2022, Singapore imported $296M in Interchangeable Tool Parts, becoming the 23rd largest importer of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 164th most imported product in Singapore. Singapore imports Interchangeable Tool Parts primarily from: China ($70M), Japan ($68.3M), India ($21M), United States ($18.9M), and Germany ($17.5M).

The fastest growing import markets in Interchangeable Tool Parts for Singapore between 2021 and 2022 were Germany ($2.44M), Denmark ($1.92M), and China ($1.82M).

COMPANIES In 2023, leading companies such as Motorola (1) and Stanley Black & Decker (1) were at the forefront of shipping Interchangeable Tool Parts from Singapore to the United States.

Latest Trends

Nov 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 Interchangeable Tool Parts. 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)$194M
IMPORTS (2022)$296M
NET TRADE (2022)-$102M

In 2022, Singapore exported $194M in Interchangeable Tool Parts. The main destinations of Singapore exports on Interchangeable Tool Parts were Malaysia ($45.6M), Indonesia ($30.4M), India ($13.9M), Thailand ($11.4M), and Chinese Taipei ($10.7M).

In 2022, Singapore imported $296M in Interchangeable Tool Parts, mainly from China ($70M), Japan ($68.3M), India ($21M), United States ($18.9M), and Germany ($17.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Interchangeable Tool Parts EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Chinese Taipei$3.1M (41%)
Malaysia$2.45M (5.69%)
Sweden$1.58M (629%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Interchangeable Tool Parts BY Singapore WERE (2021 - 2022):
Indonesia-$15.4M (-33.6%)
United States-$4.17M (-41.8%)
Philippines-$3.57M (-33.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Interchangeable Tool Parts were:
In 2022, Singapore's main importing competitors in Interchangeable Tool Parts were:

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Trade Value of Interchangeable Tool Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.28M
TOP IMPORT POTENTIALChina+ $15.5M

Interchangeable Tool Parts’s highest export potential is United States. With an export gap of $5.28M.   Interchangeable Tool Parts’s highest import potential is China with an import gap of $15.5M.

See methodology.

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