2023
Exports
$18BWorld Rnk 6 / 219
Flag Rnk 3 / 1202
2023
PRODUCT COMPLEXITY IN Machinery Having Individual Functions
1.86Rnk 6 / 1025
2023
Imports
$9.42BWorld Rnk 5 / 226
Flag Rnk 7 / 1208
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $18B 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 ($6.01B), South Korea ($3.2B), Chinese Taipei ($2.33B), United States ($1.83B), and Japan ($945M).

The fastest growing export markets for Machinery Having Individual Functions of Singapore between 2022 and 2023 were Chinese Taipei ($1.36B), China ($1.32B), and South Korea ($983M).

Imports In 2023, Singapore imported $9.42B 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 7th most imported product in Singapore. Singapore imports Machinery Having Individual Functions primarily from: Malaysia ($2.79B), United States ($1.87B), China ($1.01B), Japan ($1B), and Chinese Taipei ($863M).

The fastest growing import markets in Machinery Having Individual Functions for Singapore between 2022 and 2023 were Germany ($85M), United Kingdom ($38.8M), and Brazil ($14.5M).

COMPANIES In 2024, leading companies such as Panasonic (5), Robert Bosch (3), and Motorola (1) were at the forefront of shipping Machinery Having Individual Functions from Singapore to the United States.

Latest Trends

Dec 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 (2023)$18B
IMPORTS (2023)$9.42B
NET TRADE (2023)$8.58B

In 2023, Singapore exported $18B in Machinery Having Individual Functions. The main destinations of Singapore exports on Machinery Having Individual Functions were China ($6.01B), South Korea ($3.2B), Chinese Taipei ($2.33B), United States ($1.83B), and Japan ($945M).

In 2023, Singapore imported $9.42B in Machinery Having Individual Functions, mainly from Malaysia ($2.79B), United States ($1.87B), China ($1.01B), Japan ($1B), and Chinese Taipei ($863M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Machinery Having Individual Functions EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
Chinese Taipei$1.36B (140%)
China$1.32B (28.2%)
South Korea$983M (44.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery Having Individual Functions BY Singapore WERE (2022 - 2023):
Ireland-$86.4M (-22.3%)
Malaysia-$76.2M (-9.01%)
Israel-$57.1M (-45.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Singapore's main exporting competitors in Machinery Having Individual Functions were:
In 2023, 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.

See methodology.

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