2021
Exports | Imports
$8.33B | $6.5BWorld Rnk 6 / 221
Flag Rnk 5 / 1195
World Rnk 6 / 226
Flag Rnk 7 / 1206
2021
ECONOMIC COMPLEXITY of Singapore
1.74Rnk 6 / 131
2021
PRODUCT COMPLEXITY IN Machinery Having Individual Functions
1.87Rnk 11 / 1024

About

Exports In 2021, Singapore exported $8.33B in Machinery Having Individual Functions, making it the 6th largest exporter of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 5th most exported product in Singapore. The main destination of Machinery Having Individual Functions exports from Singapore are: China ($3.13B), Chinese Taipei ($1.13B), South Korea ($1.1B), Malaysia ($677M), and United States ($498M).

The fastest growing export markets for Machinery Having Individual Functions of Singapore between 2020 and 2021 were China ($1.28B), Chinese Taipei ($370M), and South Korea ($310M).

Imports In 2021, Singapore imported $6.5B in Machinery Having Individual Functions, becoming the 6th largest importer of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 7th most imported product in Singapore. Singapore imports Machinery Having Individual Functions primarily from: Malaysia ($1.65B), United States ($1.27B), China ($978M), Japan ($743M), and South Korea ($506M).

The fastest growing import markets in Machinery Having Individual Functions for Singapore between 2020 and 2021 were Malaysia ($620M), United States ($304M), and China ($300M).

Latest Trends

Dec 2023

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 Machinery Having Individual Functions. 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 (2021)$8.33B
IMPORTS (2021)$6.5B
NET TRADE (2021)$1.83B

In 2021, Singapore exported $8.33B in Machinery Having Individual Functions. The main destinations of Singapore exports on Machinery Having Individual Functions were China ($3.13B), Chinese Taipei ($1.13B), South Korea ($1.1B), Malaysia ($677M), and United States ($498M).

In 2021, Singapore imported $6.5B in Machinery Having Individual Functions, mainly from Malaysia ($1.65B), United States ($1.27B), China ($978M), Japan ($743M), and South Korea ($506M).

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Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Machinery Having Individual Functions EXPORT MARKETS FOR Singapore WERE (2020 - 2021):
China$1.28B (69.3%)
Chinese Taipei$370M (48.7%)
South Korea$310M (39%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery Having Individual Functions BY Singapore WERE (2020 - 2021):
Indonesia-$37.7M (-28.6%)
Japan-$21.2M (-4.84%)
France-$9.28M (-33.8%)

Change in Exports by Market (2020 - 2021)

Market Concentration

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Flow
Type
In 2021, Singapore's main exporting competitors in Machinery Having Individual Functions were:
In 2021, Singapore's main importing competitors in Machinery Having Individual Functions were:

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Trade Value of Machinery Having Individual Functions by Exporters

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