2022
Exports
$12.9MWorld Rnk 23 / 126
Flag Rnk 522 / 1198
2022
PRODUCT COMPLEXITY IN Casting Machines
0.63Rnk 304 / 1025
2022
Imports
$8.16MWorld Rnk 50 / 183
Flag Rnk 819 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $12.9M in Casting Machines, making it the 23rd largest exporter of Casting Machines in the world. At the same year, Casting Machines was the 522nd most exported product in Singapore. The main destination of Casting Machines exports from Singapore are: Indonesia ($5.87M), Malaysia ($2.2M), China ($1.67M), Hong Kong ($723k), and Japan ($365k).

The fastest growing export markets for Casting Machines of Singapore between 2021 and 2022 were China ($937k), Hong Kong ($310k), and Japan ($221k).

Imports In 2022, Singapore imported $8.16M in Casting Machines, becoming the 50th largest importer of Casting Machines in the world. At the same year, Casting Machines was the 819th most imported product in Singapore. Singapore imports Casting Machines primarily from: Malaysia ($2.1M), Japan ($1.91M), China ($1.88M), Chinese Taipei ($661k), and United States ($551k).

The fastest growing import markets in Casting Machines for Singapore between 2021 and 2022 were Malaysia ($1.12M), Hong Kong ($194k), and United States ($171k).

COMPANIES In 2023, leading companies such as Team Hardinger (97) and Haas Automation (24) were at the forefront of shipping Casting Machines 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 Casting Machines. 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)$12.9M
IMPORTS (2022)$8.16M
NET TRADE (2022)$4.75M

In 2022, Singapore exported $12.9M in Casting Machines. The main destinations of Singapore exports on Casting Machines were Indonesia ($5.87M), Malaysia ($2.2M), China ($1.67M), Hong Kong ($723k), and Japan ($365k).

In 2022, Singapore imported $8.16M in Casting Machines, mainly from Malaysia ($2.1M), Japan ($1.91M), China ($1.88M), Chinese Taipei ($661k), and United States ($551k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Casting Machines EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
China$937k (128%)
Hong Kong$310k (75.3%)
Japan$221k (154%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Casting Machines BY Singapore WERE (2021 - 2022):
United States-$3.6M (-91.7%)
Malaysia-$886k (-28.7%)
India-$645k (-80.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Casting Machines were:
China $862M
Italy $360M
Japan $267M
In 2022, Singapore's main importing competitors in Casting Machines were:

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Trade Value of Casting Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $755k
TOP IMPORT POTENTIALChina+ $1.1M

Casting Machines’s highest export potential is China. With an export gap of $755k.   Casting Machines’s highest import potential is China with an import gap of $1.1M.

See methodology.

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