2022
Exports | Imports
$2.32B | $2.04BWorld Rnk 17 / 224
Flag Rnk 26 / 1198
World Rnk 18 / 225
Flag Rnk 24 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.53Rnk 5 / 124
2022
PRODUCT COMPLEXITY IN Medical Instruments
0.81Rnk 242 / 1025

About

Exports In 2022, Singapore exported $2.32B in Medical Instruments, making it the 17th largest exporter of Medical Instruments in the world. At the same year, Medical Instruments was the 26th most exported product in Singapore. The main destination of Medical Instruments exports from Singapore are: United States ($551M), China ($242M), India ($178M), Malaysia ($136M), and Thailand ($113M).

The fastest growing export markets for Medical Instruments of Singapore between 2021 and 2022 were Thailand ($74.8M), Chinese Taipei ($46.1M), and United Kingdom ($29.3M).

Imports In 2022, Singapore imported $2.04B in Medical Instruments, becoming the 18th largest importer of Medical Instruments in the world. At the same year, Medical Instruments was the 24th most imported product in Singapore. Singapore imports Medical Instruments primarily from: United States ($815M), Mexico ($293M), China ($164M), Indonesia ($93.6M), and Malaysia ($85.8M).

The fastest growing import markets in Medical Instruments for Singapore between 2021 and 2022 were China ($42.9M), Ireland ($18M), and Costa Rica ($15.5M).

COMPANIES In 2023, leading companies such as STIHL INCORPORATED (13) were at the forefront of shipping Medical Instruments from Singapore to the United States.

Latest Trends

Feb 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 Medical 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)$2.32B
IMPORTS (2022)$2.04B
NET TRADE (2022)$286M

In 2022, Singapore exported $2.32B in Medical Instruments. The main destinations of Singapore exports on Medical Instruments were United States ($551M), China ($242M), India ($178M), Malaysia ($136M), and Thailand ($113M).

In 2022, Singapore imported $2.04B in Medical Instruments, mainly from United States ($815M), Mexico ($293M), China ($164M), Indonesia ($93.6M), and Malaysia ($85.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Medical Instruments EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Thailand$74.8M (198%)
Chinese Taipei$46.1M (110%)
United Kingdom$29.3M (119%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Medical Instruments BY Singapore WERE (2021 - 2022):
United States-$55.5M (-9.16%)
Hong Kong-$41.1M (-37.7%)
Japan-$33.4M (-24.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Medical Instruments by Exporters

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