2023
Exports
$9.17BWorld Rnk 1 / 72
Flag Rnk 6 / 1202
2023
PRODUCT COMPLEXITY IN Tanks and Armored vehicles
-0.48Rnk 692 / 1025
2023
Imports
$57.8MWorld Rnk 22 / 127
Flag Rnk 417 / 1208
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $9.17B in Tanks and Armored vehicles, making it the 1st largest exporter of Tanks and Armored vehicles in the world. At the same year, Tanks and Armored vehicles was the 6th most exported product in Singapore. The main destination of Tanks and Armored vehicles exports from Singapore are: Nigeria ($9.17B), Australia ($18.1k), Thailand ($17.6k), South Africa ($10.6k), and Malaysia ($8.65k).

The fastest growing export markets for Tanks and Armored vehicles of Singapore between 2022 and 2023 were Nigeria ($9.17B), Thailand ($17.6k), and South Africa ($10.6k).

Imports In 2023, Singapore imported $57.8M in Tanks and Armored vehicles, becoming the 22nd largest importer of Tanks and Armored vehicles in the world. At the same year, Tanks and Armored vehicles was the 417th most imported product in Singapore. Singapore imports Tanks and Armored vehicles primarily from: Indonesia ($30.9M), Canada ($21.4M), United States ($1.92M), Denmark ($1.87M), and Netherlands ($1.3M).

The fastest growing import markets in Tanks and Armored vehicles for Singapore between 2022 and 2023 were Indonesia ($30.9M), Canada ($5.16M), and Netherlands ($688k).

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 Tanks and Armored vehicles. 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)$9.17B
IMPORTS (2023)$57.8M
NET TRADE (2023)$9.11B

In 2023, Singapore exported $9.17B in Tanks and Armored vehicles. The main destinations of Singapore exports on Tanks and Armored vehicles were Nigeria ($9.17B), Australia ($18.1k), Thailand ($17.6k), South Africa ($10.6k), and Malaysia ($8.65k).

In 2023, Singapore imported $57.8M in Tanks and Armored vehicles, mainly from Indonesia ($30.9M), Canada ($21.4M), United States ($1.92M), Denmark ($1.87M), and Netherlands ($1.3M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Tanks and Armored vehicles EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
Nigeria$9.17B (1%)
Thailand$17.6k (1%)
South Africa$10.6k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tanks and Armored vehicles BY Singapore WERE (2022 - 2023):
Indonesia-$1.05M (-100%)
South Korea-$941k (-100%)
Australia-$72.6k (-80%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Singapore's main exporting competitors in Tanks and Armored vehicles were:
In 2023, Singapore's main importing competitors in Tanks and Armored vehicles were:

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Trade Value of Tanks and Armored vehicles by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALAustralia+ $38.6k
TOP IMPORT POTENTIALUnited States+ $971k

Tanks and Armored vehicles’s highest export potential is Australia. With an export gap of $38.6k.   Tanks and Armored vehicles’s highest import potential is United States with an import gap of $971k.

See methodology.

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