2022
Exports
$2.96BWorld Rnk 3 / 101
Flag Rnk 18 / 1198
2022
PRODUCT COMPLEXITY IN Special Purpose Ships
-1.27Rnk 902 / 1025
2022
Imports
$3.3BWorld Rnk 2 / 174
Flag Rnk 14 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $2.96B in Special Purpose Ships, making it the 3rd largest exporter of Special Purpose Ships in the world. At the same year, Special Purpose Ships was the 18th most exported product in Singapore. The main destination of Special Purpose Ships exports from Singapore are: China ($635M), Norway ($634M), United States ($514M), Philippines ($334M), and United Arab Emirates ($265M).

The fastest growing export markets for Special Purpose Ships of Singapore between 2021 and 2022 were Norway ($634M), China ($561M), and United States ($514M).

Imports In 2022, Singapore imported $3.3B in Special Purpose Ships, becoming the 2nd largest importer of Special Purpose Ships in the world. At the same year, Special Purpose Ships was the 14th most imported product in Singapore. Singapore imports Special Purpose Ships primarily from: China ($2.64B), India ($409M), Thailand ($171M), Australia ($26M), and Oman ($21.1M).

The fastest growing import markets in Special Purpose Ships for Singapore between 2021 and 2022 were China ($1.77B), India ($408M), and Thailand ($157M).

COMPANIES In 2023, leading companies such as Team Hardinger (1) were at the forefront of shipping Special Purpose Ships from Singapore to the United States.

Latest Trends

Jul 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 Special Purpose Ships. 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)$2.96B
IMPORTS (2022)$3.3B
NET TRADE (2022)-$339M

In 2022, Singapore exported $2.96B in Special Purpose Ships. The main destinations of Singapore exports on Special Purpose Ships were China ($635M), Norway ($634M), United States ($514M), Philippines ($334M), and United Arab Emirates ($265M).

In 2022, Singapore imported $3.3B in Special Purpose Ships, mainly from China ($2.64B), India ($409M), Thailand ($171M), Australia ($26M), and Oman ($21.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Special Purpose Ships EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Norway$634M (673k%)
China$561M (765%)
United States$514M (1.79M%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special Purpose Ships BY Singapore WERE (2021 - 2022):
Guyana-$1.63B (-100%)
India-$810M (-93.7%)
Gabon-$421M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Special Purpose Ships were:
In 2022, Singapore's main importing competitors in Special Purpose Ships were:

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Trade Value of Special Purpose Ships by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $38.7M
TOP IMPORT POTENTIALIndonesia+ $12.5M

Special Purpose Ships’s highest export potential is India. With an export gap of $38.7M.   Special Purpose Ships’s highest import potential is Indonesia with an import gap of $12.5M.

See methodology.

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