2022
Exports
$508MWorld Rnk 16 / 219
Flag Rnk 87 / 1198
2022
PRODUCT COMPLEXITY IN Ball Bearings
1.2Rnk 104 / 1025
2022
Imports
$697MWorld Rnk 14 / 220
Flag Rnk 78 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $508M in Ball Bearings, making it the 16th largest exporter of Ball Bearings in the world. At the same year, Ball Bearings was the 87th most exported product in Singapore. The main destination of Ball Bearings exports from Singapore are: Indonesia ($69.5M), China ($68.5M), Malaysia ($63.1M), Hong Kong ($49.7M), and Philippines ($39.5M).

The fastest growing export markets for Ball Bearings of Singapore between 2021 and 2022 were Indonesia ($25.1M), United Arab Emirates ($5M), and Australia ($4.43M).

Imports In 2022, Singapore imported $697M in Ball Bearings, becoming the 14th largest importer of Ball Bearings in the world. At the same year, Ball Bearings was the 78th most imported product in Singapore. Singapore imports Ball Bearings primarily from: Japan ($160M), China ($129M), United States ($80.5M), Thailand ($55.8M), and Germany ($50.4M).

The fastest growing import markets in Ball Bearings for Singapore between 2021 and 2022 were United States ($15.9M), United Kingdom ($9.02M), and United Arab Emirates ($5.77M).

COMPANIES In 2023, leading companies such as Schaeffler Group (4) were at the forefront of shipping Ball Bearings from Singapore to the United States.

Latest Trends

Oct 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 Ball Bearings. 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)$508M
IMPORTS (2022)$697M
NET TRADE (2022)-$189M

In 2022, Singapore exported $508M in Ball Bearings. The main destinations of Singapore exports on Ball Bearings were Indonesia ($69.5M), China ($68.5M), Malaysia ($63.1M), Hong Kong ($49.7M), and Philippines ($39.5M).

In 2022, Singapore imported $697M in Ball Bearings, mainly from Japan ($160M), China ($129M), United States ($80.5M), Thailand ($55.8M), and Germany ($50.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ball Bearings EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Indonesia$25.1M (56.7%)
Australia$4.43M (50.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ball Bearings BY Singapore WERE (2021 - 2022):
Malaysia-$54.7M (-46.5%)
China-$46.5M (-40.4%)
Vietnam-$38.5M (-58.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Ball Bearings were:
China $7.18B
Germany $5.05B
Japan $4.49B
In 2022, Singapore's main importing competitors in Ball Bearings were:

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Trade Value of Ball Bearings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $19M
TOP IMPORT POTENTIALChina+ $29.2M

Ball Bearings’s highest export potential is China. With an export gap of $19M.   Ball Bearings’s highest import potential is China with an import gap of $29.2M.

See methodology.

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