2022
Exports
$15.4BWorld Rnk 6 / 216
Flag Rnk 3 / 1198
2022
PRODUCT COMPLEXITY IN Machinery Having Individual Functions
1.9Rnk 10 / 1025
2022
Imports
$11.6BWorld Rnk 5 / 225
Flag Rnk 5 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $15.4B 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 3rd most exported product in Singapore. The main destination of Machinery Having Individual Functions exports from Singapore are: China ($5.54B), South Korea ($2.33B), United States ($1.88B), Japan ($1.05B), and Malaysia ($982M).

The fastest growing export markets for Machinery Having Individual Functions of Singapore between 2021 and 2022 were China ($2.44B), United States ($1.39B), and South Korea ($1.24B).

Imports In 2022, Singapore imported $11.6B in Machinery Having Individual Functions, becoming the 5th largest importer of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 5th most imported product in Singapore. Singapore imports Machinery Having Individual Functions primarily from: United States ($2.87B), Malaysia ($2.77B), China ($1.69B), Japan ($1.66B), and South Korea ($1.16B).

The fastest growing import markets in Machinery Having Individual Functions for Singapore between 2021 and 2022 were United States ($1.6B), Malaysia ($1.11B), and Japan ($908M).

COMPANIES In 2023, leading companies such as Panasonic (21) and HP Inc (1) were at the forefront of shipping Machinery Having Individual Functions 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 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 (2022)$15.4B
IMPORTS (2022)$11.6B
NET TRADE (2022)$3.8B

In 2022, Singapore exported $15.4B in Machinery Having Individual Functions. The main destinations of Singapore exports on Machinery Having Individual Functions were China ($5.54B), South Korea ($2.33B), United States ($1.88B), Japan ($1.05B), and Malaysia ($982M).

In 2022, Singapore imported $11.6B in Machinery Having Individual Functions, mainly from United States ($2.87B), Malaysia ($2.77B), China ($1.69B), Japan ($1.66B), and South Korea ($1.16B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Machinery Having Individual Functions EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
China$2.44B (78.5%)
United States$1.39B (283%)
South Korea$1.24B (113%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery Having Individual Functions BY Singapore WERE (2021 - 2022):
Chinese Taipei-$222M (-19.9%)
Thailand-$43.6M (-31%)
Norway-$13M (-34.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Machinery Having Individual Functions were:
In 2022, Singapore's main importing competitors in Machinery Having Individual Functions were:

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Trade Value of Machinery Having Individual Functions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $85.9M
TOP IMPORT POTENTIALChina+ $36.9M

Machinery Having Individual Functions’s highest export potential is China. With an export gap of $85.9M.   Machinery Having Individual Functions’s highest import potential is China with an import gap of $36.9M.

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