2022
Exports
$14.1MWorld Rnk 24 / 122
Flag Rnk 511 / 1198
2022
PRODUCT COMPLEXITY IN Steam Turbines
0.39Rnk 412 / 1025
2022
Imports
$28.6MWorld Rnk 33 / 191
Flag Rnk 591 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $14.1M in Steam Turbines, making it the 24th largest exporter of Steam Turbines in the world. At the same year, Steam Turbines was the 511th most exported product in Singapore. The main destination of Steam Turbines exports from Singapore are: Indonesia ($2.4M), Israel ($2.2M), India ($1.81M), Japan ($1.5M), and China ($1.06M).

The fastest growing export markets for Steam Turbines of Singapore between 2021 and 2022 were Israel ($2.2M), Japan ($1.39M), and Indonesia ($1.05M).

Imports In 2022, Singapore imported $28.6M in Steam Turbines, becoming the 33rd largest importer of Steam Turbines in the world. At the same year, Steam Turbines was the 591st most imported product in Singapore. Singapore imports Steam Turbines primarily from: United States ($14M), China ($5.34M), Japan ($3.29M), United Kingdom ($1.2M), and India ($1.14M).

The fastest growing import markets in Steam Turbines for Singapore between 2021 and 2022 were United States ($6.23M), China ($2.83M), and Brunei ($1.03M).

COMPANIES In 2023, leading companies such as Groupe SEB (1) were at the forefront of shipping Steam Turbines 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 Steam Turbines. 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)$14.1M
IMPORTS (2022)$28.6M
NET TRADE (2022)-$14.5M

In 2022, Singapore exported $14.1M in Steam Turbines. The main destinations of Singapore exports on Steam Turbines were Indonesia ($2.4M), Israel ($2.2M), India ($1.81M), Japan ($1.5M), and China ($1.06M).

In 2022, Singapore imported $28.6M in Steam Turbines, mainly from United States ($14M), China ($5.34M), Japan ($3.29M), United Kingdom ($1.2M), and India ($1.14M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Steam Turbines EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Israel$2.2M (1%)
Japan$1.39M (1.23k%)
Indonesia$1.05M (77.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steam Turbines BY Singapore WERE (2021 - 2022):
Australia-$597k (-86.4%)
Angola-$438k (-100%)
Malaysia-$95.4k (-25.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Steam Turbines were:
In 2022, Singapore's main importing competitors in Steam Turbines were:

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Trade Value of Steam Turbines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $625k
TOP IMPORT POTENTIALChina+ $1.38M

Steam Turbines’s highest export potential is China. With an export gap of $625k.   Steam Turbines’s highest import potential is China with an import gap of $1.38M.

See methodology.

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