2022
Exports
$40.6MWorld Rnk 27 / 182
Flag Rnk 339 / 1198
2022
PRODUCT COMPLEXITY IN Electromagnets
1.02Rnk 163 / 1025
2022
Imports
$81.8MWorld Rnk 31 / 216
Flag Rnk 363 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $40.6M in Electromagnets, making it the 27th largest exporter of Electromagnets in the world. At the same year, Electromagnets was the 339th most exported product in Singapore. The main destination of Electromagnets exports from Singapore are: Philippines ($7.94M), Indonesia ($5.97M), India ($5.64M), Japan ($5.13M), and China ($3.65M).

The fastest growing export markets for Electromagnets of Singapore between 2021 and 2022 were Philippines ($3.43M), India ($1.08M), and Israel ($680k).

Imports In 2022, Singapore imported $81.8M in Electromagnets, becoming the 31st largest importer of Electromagnets in the world. At the same year, Electromagnets was the 363rd most imported product in Singapore. Singapore imports Electromagnets primarily from: China ($26.7M), United Kingdom ($15.3M), United States ($12.3M), Germany ($6.3M), and Japan ($5.44M).

The fastest growing import markets in Electromagnets for Singapore between 2021 and 2022 were United States ($3.68M), United Kingdom ($3.62M), and Spain ($2.12M).

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 Electromagnets. 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)$40.6M
IMPORTS (2022)$81.8M
NET TRADE (2022)-$41.2M

In 2022, Singapore exported $40.6M in Electromagnets. The main destinations of Singapore exports on Electromagnets were Philippines ($7.94M), Indonesia ($5.97M), India ($5.64M), Japan ($5.13M), and China ($3.65M).

In 2022, Singapore imported $81.8M in Electromagnets, mainly from China ($26.7M), United Kingdom ($15.3M), United States ($12.3M), Germany ($6.3M), and Japan ($5.44M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electromagnets EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Philippines$3.43M (75.9%)
India$1.08M (23.8%)
Israel$680k (491%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electromagnets BY Singapore WERE (2021 - 2022):
China-$5.29M (-59.2%)
Malaysia-$4.76M (-61.7%)
Indonesia-$556k (-8.52%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Electromagnets were:
China $6.28B
Germany $1.24B
Japan $1.18B
In 2022, Singapore's main importing competitors in Electromagnets were:

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Trade Value of Electromagnets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.94M
TOP IMPORT POTENTIALChina+ $9.6M

Electromagnets’s highest export potential is China. With an export gap of $1.94M.   Electromagnets’s highest import potential is China with an import gap of $9.6M.

See methodology.

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