2023
Exports
$7.03MWorld Rnk 30 / 135
Flag Rnk 580 / 1202
2023
PRODUCT COMPLEXITY IN Work Trucks
0.67Rnk 298 / 1025
2023
Imports
$28MWorld Rnk 20 / 211
Flag Rnk 553 / 1208
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $7.03M in Work Trucks, making it the 30th largest exporter of Work Trucks in the world. At the same year, Work Trucks was the 580th most exported product in Singapore. The main destination of Work Trucks exports from Singapore are: Germany ($1.36M), Czechia ($834k), Malaysia ($777k), Vietnam ($619k), and United States ($482k).

The fastest growing export markets for Work Trucks of Singapore between 2022 and 2023 were Germany ($1.3M), Czechia ($834k), and Chinese Taipei ($459k).

Imports In 2023, Singapore imported $28M in Work Trucks, becoming the 20th largest importer of Work Trucks in the world. At the same year, Work Trucks was the 553rd most imported product in Singapore. Singapore imports Work Trucks primarily from: Saudi Arabia ($12.4M), Germany ($3.13M), Malaysia ($3M), Indonesia ($1.94M), and China ($1.7M).

The fastest growing import markets in Work Trucks for Singapore between 2022 and 2023 were Saudi Arabia ($3.24M), Germany ($1.28M), and China ($1.05M).

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 Work Trucks. 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)$7.03M
IMPORTS (2023)$28M
NET TRADE (2023)-$20.9M

In 2023, Singapore exported $7.03M in Work Trucks. The main destinations of Singapore exports on Work Trucks were Germany ($1.36M), Czechia ($834k), Malaysia ($777k), Vietnam ($619k), and United States ($482k).

In 2023, Singapore imported $28M in Work Trucks, mainly from Saudi Arabia ($12.4M), Germany ($3.13M), Malaysia ($3M), Indonesia ($1.94M), and China ($1.7M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Work Trucks EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
Germany$1.3M (2.17k%)
Czechia$834k (1%)
Chinese Taipei$459k (18.5k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Work Trucks BY Singapore WERE (2022 - 2023):
China-$1.88M (-98.4%)
Hong Kong-$1.26M (-99.4%)
United States-$475k (-49.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Singapore's main exporting competitors in Work Trucks were:
In 2023, Singapore's main importing competitors in Work Trucks were:

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Trade Value of Work Trucks by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $531k
TOP IMPORT POTENTIALChina+ $554k

Work Trucks’s highest export potential is United States. With an export gap of $531k.   Work Trucks’s highest import potential is China with an import gap of $554k.

See methodology.

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