2022
Exports
$1.13BWorld Rnk 27 / 223
Flag Rnk 47 / 1198
2022
PRODUCT COMPLEXITY IN Electrical Transformers
0.65Rnk 294 / 1025
2022
Imports
$2.04BWorld Rnk 19 / 225
Flag Rnk 23 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $1.13B in Electrical Transformers, making it the 27th largest exporter of Electrical Transformers in the world. At the same year, Electrical Transformers was the 47th most exported product in Singapore. The main destination of Electrical Transformers exports from Singapore are: Hong Kong ($159M), Malaysia ($149M), India ($146M), China ($101M), and Indonesia ($93.1M).

The fastest growing export markets for Electrical Transformers of Singapore between 2021 and 2022 were India ($45.3M), Vietnam ($16.3M), and United Arab Emirates ($10.8M).

Imports In 2022, Singapore imported $2.04B in Electrical Transformers, becoming the 19th largest importer of Electrical Transformers in the world. At the same year, Electrical Transformers was the 23rd most imported product in Singapore. Singapore imports Electrical Transformers primarily from: China ($810M), Indonesia ($208M), United States ($176M), Malaysia ($145M), and Vietnam ($91.6M).

The fastest growing import markets in Electrical Transformers for Singapore between 2021 and 2022 were China ($171M), United States ($28.2M), and Hong Kong ($17.7M).

COMPANIES In 2023, leading companies such as Tesla (4), Panasonic (1), and Toshiba (1) were at the forefront of shipping Electrical Transformers from Singapore to the United States.

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 Electrical Transformers. 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)$1.13B
IMPORTS (2022)$2.04B
NET TRADE (2022)-$911M

In 2022, Singapore exported $1.13B in Electrical Transformers. The main destinations of Singapore exports on Electrical Transformers were Hong Kong ($159M), Malaysia ($149M), India ($146M), China ($101M), and Indonesia ($93.1M).

In 2022, Singapore imported $2.04B in Electrical Transformers, mainly from China ($810M), Indonesia ($208M), United States ($176M), Malaysia ($145M), and Vietnam ($91.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Transformers EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
India$45.3M (44.9%)
Vietnam$16.3M (32.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Transformers BY Singapore WERE (2021 - 2022):
Malaysia-$54.1M (-26.6%)
Indonesia-$16.9M (-15.4%)
Mexico-$11.3M (-55.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Electrical Transformers were:
In 2022, Singapore's main importing competitors in Electrical Transformers were:

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Trade Value of Electrical Transformers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $40.8M
TOP IMPORT POTENTIALChina+ $147M

Electrical Transformers’s highest export potential is United States. With an export gap of $40.8M.   Electrical Transformers’s highest import potential is China with an import gap of $147M.

See methodology.

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