2022
Exports
$339MWorld Rnk 3 / 84
Flag Rnk 116 / 1198
2022
PRODUCT COMPLEXITY IN Tug Boats
-0.93Rnk 819 / 1025
2022
Imports
$195MWorld Rnk 3 / 141
Flag Rnk 207 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $339M in Tug Boats, making it the 3rd largest exporter of Tug Boats in the world. At the same year, Tug Boats was the 116th most exported product in Singapore. The main destination of Tug Boats exports from Singapore are: India ($205M), Thailand ($81.1M), China ($11.8M), Cyprus ($9.34M), and Nigeria ($7.77M).

The fastest growing export markets for Tug Boats of Singapore between 2021 and 2022 were India ($150M), Thailand ($63.6M), and Cyprus ($9.34M).

Imports In 2022, Singapore imported $195M in Tug Boats, becoming the 3rd largest importer of Tug Boats in the world. At the same year, Tug Boats was the 207th most imported product in Singapore. Singapore imports Tug Boats primarily from: India ($62.5M), Turkey ($54.5M), China ($32.4M), Indonesia ($23.9M), and Cyprus ($11.2M).

The fastest growing import markets in Tug Boats for Singapore between 2021 and 2022 were Turkey ($54.5M), China ($29M), and India ($15.9M).

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 Tug Boats. 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)$339M
IMPORTS (2022)$195M
NET TRADE (2022)$144M

In 2022, Singapore exported $339M in Tug Boats. The main destinations of Singapore exports on Tug Boats were India ($205M), Thailand ($81.1M), China ($11.8M), Cyprus ($9.34M), and Nigeria ($7.77M).

In 2022, Singapore imported $195M in Tug Boats, mainly from India ($62.5M), Turkey ($54.5M), China ($32.4M), Indonesia ($23.9M), and Cyprus ($11.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tug Boats EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
India$150M (273%)
Thailand$63.6M (364%)
Cyprus$9.34M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tug Boats BY Singapore WERE (2021 - 2022):
South Korea-$23M (-100%)
Australia-$9.94M (-100%)
China-$5.66M (-32.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Tug Boats were:
China $444M
Qatar $340M
In 2022, Singapore's main importing competitors in Tug Boats were:

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Trade Value of Tug Boats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $1.91M
TOP IMPORT POTENTIALMalaysia+ $2.2M

Tug Boats’s highest export potential is Indonesia. With an export gap of $1.91M.   Tug Boats’s highest import potential is Malaysia with an import gap of $2.2M.

See methodology.

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